When's the bullrun?

You have definitely seen people who still believe in bullrun, usually such people live in X, they post something like this "Bullrun is so soon", but what are they wrong? To answer this question we need to remember what happened to the crypto market a few years ago, there were no ETFs and in general cryptocurrency was not popular then, because bitcoin had many times less users than now, there were so-called "cycles", bullish and bearish

Now this system is still in place, technically the market is solid cycles, but around the beginning of 2024, many people started to realize that something is wrong with the market, just at that time ETFs for bitcoin were approved and it started to stabilize, but how does it work? It's simple, right now only about 10 wallets own 17% of all bitcoins, this concentration the funds try to hide because they realize that it's very strange, how can 17% of the entire circulation of a decentralized asset be distributed in 10 wallets? At the moment bitcoin is different from the dollar only because it cannot be printed indefinitely. Why are you doing all this? To understand that with the adoption of ETFs, bitcoin started to rise more and more centralized, which means that the funds got authority, they benefit from bitcoin growth, but they also understand that if it grows a lot, it will also fall a lot, they do not need it

It is clear why it was controlled, this “mini” article is not about why it is bad but about bullrun, so let's talk about this topic. Now, as mentioned above, the bullrun system still exists, which is good, but if for example the U.S. starts buying bitcoins en masse, we should expect full centralization by 2030