I know we are all doom and gloom, but here are somethings that makes me believe in 2024 Bull Run.
We had been enjoying some positive price action of BTC's near 60% jump from start of the year and now prices are somewhat flat or decreasing from time to time and we all become doom and gloom for some extend.
However, here are few things i personally think why 2024 bull run will come fast and strong.
There are estimated 106 Million People who have used / using bitcoin which is the Double of the entire population of SPAIN. .
Daily bitcoin users are estimated to be around 400,000.
And also the fact that recent bank run has pushed bitcoin for near 60% jump ignoring the following crash, there are a lot of people who believe Bitcoin and Crypto are the way out of financial market turmoil and want to protect themselves form another 2008 situations.
Also the number of bitcoin addresses holding more than 1 btc reached more than one million this year as well.
And USA is seem to be losing crypto war and we are seeing other countries trying to take advantage of US's situation and trying to facilitate crypto regulations to attract users and crypto businesses.
And this current Bear is killing each and everyone of scammy business / corporation / ponzi-ish entities further sending shockwaves and bring back not your keys , not your coins, and self custody.
And last but not least, Bitcoin Halving is coming up in less than 330 Days and Current Economics outlook aren't that good, so we may finally see the answer that will bitcoin and crypto be the alternatives as it claimed to be when it created.
Let's see.
submitted by /u/Knotley-Hunt-Brick
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