"Having reached that capacity limit and with nothing quite on offer at the present, it isn’t too clear why the bull won’t bid farewell to come another day."

The Bull will come if he does go at all. There is plenty that is proposed to be upcoming, but the market will react when it is, not will be, because the market is not too sure at all whether it will be something usable, or not.

The latter, some say the bear will have to do its job of cleansing the river so to speak to pave the way for actual value that the bull can feast upon.

The former, it will clearly take months at least in any event, and since there are already plenty of competitors, it clearly will start off as a mess that may take some time to settle.

During all that time, demand can’t quite grow except as a simple store of value while a lot of it is sorted out and while the question of course remains, can blockchains really not scale?

The next two years will give an answer because it is clearly time to scale. It may even occur in gradual waves, so the bull might stay, and he might even roar if the cap is lifted. But even if he does go, he will come again because at some point coders will be desperate for him to do so, and thus they will deliver.

Source:
Is The Bull Dead

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