Everyone is comparing this run to the run in 2017. I think it more closely resembles 2016.

It’s an easy trap to fall into because the price comparison is similar. However, 2020 and 2016 were halvening years. Both had slow price buildups and headed into the end of the year approaching previous ATHs. The media and general public largely ignored Bitcoin. I think 2017 should be compared to 2021 rather than 2020. Past performance is not indicative of future performance, but Bitcoin is following a very similar path to the last halvening cycle.

submitted by /u/vinylshrapnel
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