6 Essential Things You Need To Know Before Entering The Next Bitcoin Bull Market

It would be a pity if the mistakes made at the end of 2017 were to happen again.

It is November 12, 2019 and the price of Bitcoin is around $8,800. Knowing that Bitcoin had started the year 2019 at a price of $3,742, this gives us an increase of about 135% of its price since the beginning of the year. No other asset does better over this period, whether it is gold or the equity market, with the S&P 500 at the top.

The coming months should be even better for the Bitcoin price. Indeed, the creation of new Bitcoins will become rare with Halving scheduled for mid next year. In addition, the year 2020 looks uncertain from an economic point of view, with an economic crisis that has been announced for many months and will eventually come one day or the other.

On the political level, it is hardly more reassuring with the uncertain outcome of the trade war between the U.S. and China, the situation on Iranian nuclear power which only reinforces tensions with the U.S. and culminates in the 2020 U.S. presidential election scheduled for the end of the year which could reshuffle the cards.

All this will benefit Bitcoin and its next bull market is likely to be very intense. In order to avoid that the mistakes made by a very large number of people at the end of 2017, it seems essential to me to come back to 6 essential things that you absolutely must know before this next Bitcoin bull market.