Recently, there have been some different views from analysts about the duration of the bull run. Some of them claimed that the Bull run is over and we might be entering another bear market. While others believe that the bull market is not yet over and might last till next year. These arguments are not the reason for this discussion.
Before this bull run, there were diverse predictions about the price Bitcoin would reach. The most popular one was $100k and others also felt it would go above that amount. Bitcoin's ATH stands at $124,290.93.
In your own view, do you think Bitcoin performed below or above your expectations in this bull run?
If we put into account what happened in the past bull markets, where Bitcoin did at least 3x and compare it to its current price from 69k of previous ATH, to current ATH, $124k, I would say that Bitcoin did below my expectation becuase it hasn't done 2x of its previous ATH price of 69k, which should have been at the price of $138k, but have had a fair price growth this bull run
A common mistake many investors make is that they rely on the past and use it as a benchmark. Like previous bull seasons, bitcoin has typically increased at least 3x from its previous ATH, so many expect bitcoin to achieve similar growth.
Or another common mistake is that many people only look at the price of bitcoin and ignore its market capitalization. And they forget one thing, the larger the capitalization of an asset, the slower its growth rate, and Bitcoin is no exception.
Bitcoin's market capitalization is already over $2 trillion. Therefore, we cannot expect an asset with a market capitalization of trillions of dollars to grow exponentially like assets with a market capitalization of only a few hundred billion or a few billion dollars.