Why this bull run is set to be the most memorable one yet

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Things may not really be looking the way we want it in this present bull season as some of us are left disappointed or even possibly disheartened given the current state of the market, but then why despair when the bull run is even yet to begin infact this may yet be the most memorable bull run because of what it's set to achieve.

I believe this bull run will be a particularly interesting one to watch out for and may yet beat every other ones that came before it and there are reasons backing this belief and ofcourse I will be discussing some of the factors why I believe so much in this bull run this time around.

Several factors make this cryptocurrency bull run particularly memorable:

Some factors include;

Institutional Adoption

Well for the most part is largely due to the massive flux of institutions into the cryptocurrency market now and they are on a higher and greater rate than before despite the current market condition which seems to be recovering by the way the institutions have mostly bought in on Bitcoin and many more do so at every dip so yea it's going to be a memorable bull run.

The interesting thing is that we have seen already high influx of institutions investors earlier this year the approval of Bitcoin ETF saw us witness that and not only institutions are buying into cryptocurrency even hedge funds and most public companies are really rushing into cryptocurrency now at a rate never seen before and this helps to add great liquidity to the cryptocurrency market and shows it's gradually climbing the legitimacy rank, it's only a matter of time.

So because of this reason I strongly believe that the present bull phase which is yet to begin is poised to be a memorable one yet.

Regulatory Developments

Also we can't really compare the cryptocurrency regulations decade ago to what it is now as with the passage of time regulations continues to get clearer for cryptocurrency and presently despite how we feel things are believe me they were worse years ago so that goes to show things can only get better from here on out.

We have already seen many leaders and countries who weren't keened before on crypto subject to be really interested in it now and even adopt it for their country and this has led to having a much clearer regulations for cryptocurrencies in general like what we haven't seen before and ofcourse this also helps to ensure more people comes into this space the more cryptocurrency leans towards legitimacy as uncertainties are removed gradually from the cryptocurrency market because of this welcome development.

So clearer regulatory development seen today is one of the reasons I believe we are set to witness a bull run unlike any we have ever seen before.

Technological Advancements

Well presently there are high increase in technological advancement as it concerns cryptocurrency, we are seeing new developments roll out like never seen before, we see layer-2 solutions which has greatly improved things in the blockchain network just to name a few.

Cross-chain communication protocols also has been a welcome technological advancement which has really helped to ensure interoperability and scalability of blockchain, and extra boast of innovation one never seen before on a grand stage in cryptocurrency.

Talking about technological advancement we also have eth 2.0 a new upgrade to the ethereum blockchain which would increases its efficiency and transaction throughout making it even more scalable and thus reducing network fee on the chain thereby encouraging even more people to do business with the chain and the more people uses it ofcourse the more it gains adoption and more people comes to get enlighten about cryptocurrency.

So the newest technological advancement in blockchain would really help in bringing people into this space like never before and at levels never seen before as more and more people would enter the space just for the wonderful technology blockchain and out of appreciation for how good it is and what it can do which this would expose them to cryptocurrency the future of money.

This would help skyrocket prices and make this bull run quiet an exciting one for all.

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Global Economic Conditions

Another reason why this bull run is set to be yet another memorable one is due to the fact that the world today in general is suffering greatly, economic meltdown in one country after number, inflation at high rate many uncertainties and confusion financially as many countries are crumbling in it's economy today and that's where cryptocurrency comes in.

Already El Salvador is one such country already benefiting from Bitcoin and using it as a hedge, now the current economic debacles will drive most government to make cryptocurrency especially Bitcoin a legal tender ifnot a store of value and what this will do is help to create and give cryptocurrency more mass adoption to perform at even greater heights.

Even if country leaders fail to do this their subject will run to cryptocurrency as a safe haven to protect themselves against the constantly devaluing currency.

And this much attention on cryptocurrency in this soon to start bull phase would help set the stage for a wonderful bull run yet.

Conclusion

These are some of the factors I really believe would help ensure we see many wonders in this upcoming bull run and true cryptocurrency believers needn't be dismayed by present happenings as the bull run is yet to start, we are still early for what will be a memorable bull season, next year is the year of the bulls.