Do We Actually Need Another Bull Run In Crypto Right Now?

Do We Actually Need Another Bull Run In Crypto Right Now?

The crypto industry is enjoying a rosy state of late. The recent bullish trends after months of a bearish market have once again filled us with hopes about the immense potential of the crypto space. And amidst all such good news, a lot of people are looking forward to another bull run. A bull run is always welcome but there is a right time for everything. According to some experts, time is not ripe yet for another set of bull run in the crypto world.

  • Looking back

We all know how the crypto world took the world by storm with its meteoric ATH in 2017. Such a phenomenal rise naturally commanded huge interest in blockchain and crypto from all quarters. And we had enthusiastic investors signing up with the crypto world with the hope of incredible returns.

Investment in crypto is no doubt great. However, according to experts it was never really wise to concentrate the sole focus on investment alone during the bull run in 2017. Their berechtigte Kritik is that since crypto was an emerging space back then, the focus should have been more on development of the technology behind crypto. Any new concept, no matter how much of potential it carries, would stop offering value if it doesn’t get to evolve through continuous advancements.

  • 2018-2019

The crypto industry encountered a difficult period from 2018. Many ICOs shut down just after a few months of launch and people started losing hope in crypto. However, the hard times also showed the significance of concentrating on thing that actually matter: improvement in infrastructure of the crypto world. As a result, the market started experiencing a bull run again from 2019.

As of now, a lot of works are going on for the development of the crypto space and for good. However, expecting a bull run immediately would be too much to ask for just now. It’s better to wait for a while and concentrate more on the developments in crypto and blockchain technology. Once the developments reach to a standard level, we may aspire for the third bull run.

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Kathleen

Kathleen

Kathleen Peji is a digital marketer, writer, social media enthusiast and a vlogger. She is also the founder of It Tna. Aside from writing, she also loves to travel.