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?
This time institutions were more active than were in 2017. The institutional players added additional power to Bitcoin. We can almost conclude that institutions were the engine and the collector of profit. The huge investments in Bitcoin were significant by MicroStrategy and Grayscale. At the same time, traders get the chance to benefit from the price differences. In
22 days Bitcoin doubled its price it was unprecedented. Also, hodlers and who bought Bitcoin in March 2020 were the absolute winners here.