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Important Point: Bitcoin
Bitcoin has NEVER had its FULL, complete bull market EVER while the PMI was below 50 the whole time.
Which really begs the question: was what happened over the last few years really a true bull market?
Sminston coined the term "quasi bull market," and I think that is accurate.
We have discussed this on the Bitcoin Uncharted weekly show.
We had a bull market from a price standpoint; you could technically call it that, but with bear market backdrop conditions.
Hence, we had a quasi bull market, or prelude bull market.
The full bull market is still to come.
#CryptoMarketBouncesBack #GateSurpasses50MGlobalRegisteredUsers $BTC