From its starting point as a pure “programmers dream”, Bitcoin has grown into an asset class with a market value in excess of $1 trillion USD. How did we get here? The adoption phases of BTC’s “reverse IPO” are described in the previous article and today’s bitcoin trading behavior cannot be compared to what it was in 2013, 2017, or 2020. Bitcoin has changed so much over the years that we can potentially isolate several “Bitcoin trading behaviors”.
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