Highlights From the 2024 Blockchain Life in Dubai
The Reason Behind 2024’s Bull Run
During the discussion, Zhou was asked what his views were about the latest bull run, which started in February.
As per Zhou, one of the leading driving forces behind this bull market is institutional money, which started to flow once there was clarity from the regulators. As institutions started to enter, others followed and entered the space they previously did not.
Therefore, the main driving force is the institutions, and the second reason includes the development of financial infrastructure, which was completed after the fall of FTX because earlier, there simply was not any appropriate infrastructure for institutions to enter the space.
Good infrastructure means improvement not only in exchange improvement but also in risk management and system resilience. Considering this, the current bull run had all the reasons to come into effect, and so it did.
