The video discusses whether or not the crypto bull market is currently happening, analyzing historical data, expert opinions, and potential factors impacting the development of Bitcoin.
This video by Brian Jung was published on Jul 7, 2023. Video length: 10:09.
The video discusses whether the crypto bull market is currently happening or if it is yet to come.
It mentions that Bitcoin has exceeded expectations in 2023 by surging 86% since the beginning of the year, attracting institutional money. The video explores historical data and opinions from traders and experts in the industry to analyze the current state of the market. It also mentions the possibility of a Bitcoin ETF and its potential impact on the market.
The video concludes by discussing forecasts and predictions for the future of Bitcoin, based on historical data and market trends.
Bitcoin has surged 86% since the beginning of the year.
Institutional money has been attracted to Bitcoin.
BlackRock CEO describes Bitcoin as an international asset and emphasizes its potential as a digitalized form of gold.
BlackRock has reapplied for a spot Bitcoin ETF, which could trigger a bull run.
The upcoming Bitcoin halving event in 2024 is expected to start the next bull market.
Bitcoin's price action in previous bull markets suggests that it could climb up to $123,000 over 12 months or even $310,000 over 18 months.
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