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.
At least to me it seems that 2021 is what we thought 2017 will be, 2017 was the year in which a great deal of us thought that bitcoin was finally ready to become mainstream, and unfortunately it didn't happen, but it turns out that we were not wrong in our assumptions we were just wrong in the timing in which this will happen.
2020 and 2021 have seen significant support from institutional investors, not only because they see in bitcoin a great asset but also because the economic policies of a great deal of the governments around the world have them worried and bitcoin is a great alternative for those that have lost faith in the ability of governments to manage the economy correctly.