‘This Time Is Different’…Why This Rally Is Different Than 2017
Nic Carter shows with nine charts why this time is different than 2017…There’s one by PlanB in the article I’ll post below…didn’t want y’all to think my math was that off…!
‘This time is different’ — 10 Bitcoin charts show that this rally isn’t like 2017’s
“Bitcoin (BTC) is setting new records in almost all aspects except USD spot price, says a new digest, which concludes that 2020 is not like the 2017 rally.
In a blog post on Nov. 17, Nic Carter, co-founder of statistics resource CoinMetrics, highlighted nine charts, which as of this week, are higher than ever.
10 charts highlight “clear improvements”
From wallet balances over $10 to institutional holdings and even Bitcoin spot prices in various fiat currencies, the data shows that Bitcoin is outperforming on a historic level.
‘To sum up, today’s market is far more mature, more financialized, more surveilled, more orderly, more restrained, less reflexive, more capital-efficient, and more liquid than the market that powered the prior bull run in 2017,’ Carter summarized.
‘In these nine charts, I covered a variety of factors where clear improvements are manifestly present when we compare today’s market environment with the bull run of yesteryear.’”
And here is the link to Carter’s charts/article…. https://medium.com/@nic__carter/nine-bitcoin-charts-already-at-all-time-highs-78abbfe82804