Will Nation-States Power The Next Bitcoin Bull Run?

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The first bitcoin (CRYPTO: BTC) bull run in 2011 to $20 was driven by cybercriminals and libertarians. In 2013, demand led by Chinese citizens seeking more monetary freedom drove the price to over $1,000. In 2017, retail investors started piling in after the CME approved the first Bitcoin futures, driving prices to over $20,000. In the latest bull run to $64,000, institutional and corporate investors started investing, including Michael Saylor’s MicroStrategy and Elon Musk’s Tesla. El Salvador also contributed to the hype by becoming the first country to make Bitcoin legal tender. So will ther…

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