For sure, 2022 was a bear year. For me, 2024 is supposed to be a consolidation year (from the 2022 bear and 2023 recovery).
The noise from Bitcoin Spot ETF applications, Grayscale won lawsuit against SEC, appearance of Black Rock changed a lot. Without them, we probably have Bitcoin lower than $50,000, not a new all time high before halving.
The fact we've massively overshot the recovery to new ATH doesn't change much for me.
This is an expensive question and also lesson for many people. They naively think this time will be different, but the market, the psychology of market participants are not different. So mostly we don't have any different time.
Maybe you meant 2020 as the comparison...
Nope. I actually meant 2020 (the time this thread was created) and this year, when we surprisingly have a new all time high.
I agree that to compare two cycles, it makes more sense to compare 2024 and 2020.