We had the most unprecedented avalanche of bullish news. But despite all that, everything is being held back because of tariff wars causing market fear. In the unlikely event that the tariff war is resolved, it would be like opening the flood gates to a sleeping stampede of bulls.
We've had some pretty bullish cycles in the past.
I remember in 2017 when some of the big bullish news during the bull market were things like the launch of CME for Bitcoin. But mainly, the bar was still low at "wow look at all these new Bitcoin ATMs".
In the 2021 bull market, people were really bullish on things like Elon jumping on Doge coin and NFTs.
But keep in mind, for every major piece of bullish news we had, there was a hell of a lot more FUD and bearish news within crypto.
In 2017 and 2021, we still had institutions and governments wanting to clamp down on crypto at every turn.
Countries like India banning the use of crypto.
China banning crypto mining.
We had the media painting crypto in a very negative light, and we had a lot more FUD headlines about the space than what we see today.
But we had nowhere near the level of bullish news we have now with major institutions jumping on crypto, ETFs actually getting implemented, major legislative red tape getting removed, the media being more neutral and sometimes positive in their portrayal of crypto, major progress in utility and adoption on the tech side, and even countries adopting crypto and starting a race to build crypto reserves.
We went from countries putting out legislation to clamp down on crypto, to countries wanting to build crypto reserves.
All the while, the only major negative news in this space we've had so far that comes to mind is the Bybit hack. Which has already blown over and has been forgotten.
But the bullrun and all the bullish outlook has been held back by one giant problem that has held bulls like a giant dam: Trump's tariff war.
Traditional markets are reacting the same way, with fear, and bulls being stopped dead in their tracks.
That barrier has been stopping the market and holding back the crypto bullrun like a giant dam.
In the unlikely event those policies are resolved, it would be like a dam collapsing that was holding back a stampede of bulls crushing shorts on their way out.
submitted by /u/fan_of_hakiksexydays
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