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.
How about the retails pushing it in 2017 though? And as much as we have a lot of whales or we think of them as the one bringing the money, I think it is still us retail and average investors who are still going to pump the price.
And I think most of us are still in the market though, but perhaps waiting for the perfect time to put our saving in the market, just like in 2021. I also have the impressions that retail investors are smarter than average investor. And again, having that wait and feel strategy? it could really be a big swing next year 2025.