"Some of the people who were not pumped up about crypto in 2017 are now the biggest fan or investors in 2023."
This reminds me of Larry Fink, the CEO of Blackrock that is currently pushing the SEC for a bitcoin ETF, yet in 2017 he didn't get what bitcoin was. This year he has changed tune saying BTC is digital gold better than most fiat currency. This guy has trillions under his control , if his ETF is approved it will change crypto forever . Other big asset managers are also eyeing a BTC ETF. They have finally realized the mathematical scarcity of BTC and want to take advantage of that.
The next black swan event may be the shutdown of Binance or a war between China and US or even a new covidlike outbreak. That won't matter we still have 21 million maximum BTC and wonderful decentralized coins like Hive to keep the crypto space alive.
Thank you for sharing and do enjoy Friday and the upcoming weekend :}
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You're right, people like Larry badmouthed crypto a lot in 2017, it still didn't change the fact that some major cataclysmic event propelled the the bull run in 2017 despite all that. Like you've said. Black swan events will be Inevitable, but then we'd have major reason why the bull run will keep changing things. The economic aspect of crypto, the tokenomics of BTC makes it adoptable. I don't think binance will shut down, CZ knows his onions. He might keep getting regulations and clap backs, but even in the next 50 years, I don't think crypto will.
Well said and long live BTC and cryptos :}