We can’t be in denial any longer. Things are different now. The plumbing is different now. Vol may spike a little bit later in the year, but I’m struggling to see anything resembling a previous cycle. The data is in; we have to adjust our expectations and forecast accordingly.
Discussion
Agreed, this already has been the worst performing bull market in Bitcoin’s history. Things will either get extremely over heated towards the end of the year or big money has zapped volatility. Another possibility is this thing just continues to grind up and to the left, lulling retail to sleep.