Bitcoin Hit $20k in 2017 Without Institutions, What’s Next in 2019?

Despite an overwhelming sense of bearishness in both the sentiment surrounding bitcoin and the price itself, there are many developments set to occur in the next 18 months that could kick off another bull run. Improvements to the bitcoin infrastructure seem to be happening at a pace never before seen in the space. However, the price has not responded to the fundamentals… Yet.

Last Time the Bulls Ran, This Time We’re Looking at a Stampede

There is no doubt about it, 2018 has been something of a reality check for many bitcoin enthusiasts. The exuberance of last year’s epic bull market seems to have largely given way to pessimism, and market sentiment surrounding the space is less optimistic than it ever has been in the memory of many participants.

However, as one Twitter user points out, bitcoin achieved its $20,000 all-time high without many of the developments that have occurred, been announced, or are expected to come in the next twelve months or so:

#bitcoin hit $20K last…