This next bull run may eclipse the previous cycle. There are several reasons why retail investors might be holding onto their BTC even more so than in previous bull cycles. If Bitcoin rallies in 2021, most investors would see it as a post-halving bull rally. Historically, BTC has rallied 12 to 15 months after each halving, recording a new all-time high each time. Based on the tendency of BTC to rally after a halving, retail investors might be holding as a strategy to avoid being priced out if a strong sustained rally begins, cryptocurrency bet.
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