We have seen a massive surge in bitcoin price since we enter into 2021 almost same, trend happen in 2017-2018, only there is a big difference, in a situation today before, I think it was just a pump, but there is a big difference in this year's price rally things that are notable are the following, the influence of Elon musk, Visa considers to enter to cryptocurrency, Paypal decided to open to cryptocurrency, banks, and other institutions open its door to the possibility of using it, suddenly this year pandemic helps cryptocurrency get into the spotlight in the positive note, although there is still negativity being thrown, I think most institution study it and they realize the possibilities and important of blockchain overall.
They didn't realize today that the blockchain technologies are necessary and it has a lot of possibilities, no, it has been realized a long time ago and a lot of institutions actively work on implementing blockchain technologies into different services where an extra layer of security is a great addition, for example, land title registry.
And there is a huge difference between bitcoin before and now and that's not only the price of it. Bitcoin before was a great thing, not high transaction fees, there was even higher privacy, there wasn't need of KYC documents as it is requested nowadays by a lot of service providers. I just loved the situation that was before, now I find it to be more commercial thing and a victim of businessmen (at some point). But I love my bitcoin.