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Is there any good information on what set off this current bull run? The timing with the US election seems odd, but I can't see any causal mechanism that could
by api 6y ago
Is there any good information on what set off this current bull run? The timing with the US election seems odd, but I can't see any causal mechanism that could link the two.
Is it Robinhood adding crypto?
- iso1210 6y agoThe most recent run seemed to start about the same time as GME - presumably people decided to hedge their bets. Maybe they sold GME at the peak and put it into things like BTC, coupled with a lot of new money trying to recover their losses from GME Musk tweeted about it on Feb 8th which pushed it up, and then news stories of it hitting 50k, and now 1T, keeps the money coming in. Stocks are massively overvalued, wouldn't surprise me if people are diversifying too.
- deleted 6y ago[deleted]
- hahahahe 6y agoSecond US stimulus package plus inflation fears in recent weeks. A lot of it is speculation to be fair. As gold didn’t perform and lagged bitcoin, most institutional players bet on bitcoin instead.
- dwaltrip 6y agoOne likely factor is that the block reward cut in half recently, which lowers the inflation rate.