This thing wil turn vertically UP in two or three more weeks.
Here I highlighted a comparison to developments in 2013.
This comparison is under recognised, since in 2013 both of steep growths were consequence of the same reason. Which was, reward halving on November 28, 2012. Similarly, following halving on May 11, 2020, we had our first explosive growth. There were some impediments (China clampdown), but rest assured, the second part of this rollercoaster is about to break out. So sit down, pull out your popcorn and wait, that honeybadger finishes his rumble.
This comparison is under recognised, since in 2013 both of steep growths were consequence of the same reason. Which was, reward halving on November 28, 2012. Similarly, following halving on May 11, 2020, we had our first explosive growth. There were some impediments (China clampdown), but rest assured, the second part of this rollercoaster is about to break out. So sit down, pull out your popcorn and wait, that honeybadger finishes his rumble.