I have a theory that retail may not ape in this cycle as much as they did in the last one.
Last bull run we had covid boredom (people sat at home with nothing to do) + a LOT of stimulus = a lot of new money flowing into crypto, especially alts.
This time we have the institutions of course, and I don't underestimate how big that could be for Bitcoin this cycle (although it could be more "slow and steady" than face-melting gains).
But it feels like retail are still licking their wounds from the last cycle and less likely to join the fun time round.
What do you think?
I think for BTC it doesn't really matter too much, but for alts we might not see the kind of returns everyone's expecting.
When I read the "licking their wounds" part, that cracked me up, the last cycle was fun for everyone I believe, only those who got in late came out with losses, but then, that's how it always is with every investment scheme and not just in crypto.
Although it also depends solely on the type of projectz the retails invested in in the last cycle, as I see that no just bitcoin, but a few number of Altcoins have also recovered and possibly touched or even past their all time high in the last cycle.
And coming back to the topic being discussed, retails are here already, but the issue is that, they are all focused on memecoin, majority of them are on telegram playing tap tap game to earn some free money instead of investing in the market, many of this guys are probably going to invest their money at some point, but like you said, I am also not expecting much for Altcoins in this coming season, though still worth taking a shot at some really good ones with great potentials.