We have seen a massive surge in bitcoin price since we enter into 2021 almost same, trend happen in 2017-2018,
If i am not making mistake here , There is no surging in Bitcoin price when the year enters 2018 after the 2017 bull , instead the value starts falling before December ends and continues the whole year , if i remember those right .
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,
Please take it off as Elon Musk does not really have that Influence instead Whales are just riding with the news but it wasn't Musk whos really the reason.
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.
These are all the legit reason and i know this is the same reason why Bitcoin staying strong up to now.