If you look back at 2017 pump it was average users like us who got the benefit of bull run as Bitcoin was easily affordable before the bullrun hence a good portion of users had bitcoin in their portfolio as there were not that much altcoins available in the market. But this year who has gained more ? Is it average users or else institutions and traders who made most of it? I think it's trader's who bought at cheap and sold at high because institutions are yet to cashoutm what do you all think?
Pretty much anyone who bought or mined through January 1, 2021 (and hopefully this continues) got the benefit of it. Assuming they didn't sell. Ain short, anyone who didn't try and time the market has done well.
As far as institutions, most are buying for the long haul - years - not days, weeks, or months.