What is the difference between 2017 and 2021 bitcoin?

In 2017 Bitcoin grew 121x in value, from a low around $160 to a high at $19,357. As you can see in the above table, the 2021 Bitcoin bull run is in many ways modest compared to the 2017 Bitcoin bull run. What information do we learn when comparing 2017 vs 2021 Bitcoin?

How many market cycles are there in Bitcoin?

If you are an experienced trader of Bitcoin or you have been following Bitcoin news, you would realise the Bitcoin operates in market cycles. There have been four market cycles till date. The first cycle was in 2011, second one in 2013, third in 2017 and currently we are in the fourth market cycle (2020-21).

Is bitcoin worth $1 million in 2020?

Bitcoin’s all-time price highs in 2021 have crushed records set in 2017. But that’s not the only way in which this bull run is different. Bitcoin billionaire Zhao Dong expects the BTC price to surge in the near future, while John McAfee has predicted BTC will be worth $1 million by the end of 2020.

What was bitcoin like in 2017?

In short: In 2017, bitcoin was like a gateway drug for all of crypto. People weren't necessarily looking at bitcoin as a long-term investment. They were using bitcoin to trade altcoins and get into ICOs — gambling away fortunes in hopes of getting filthy rich.