When bitcoin and other cryptos started rallying on April 2, the cryptoverse was predictably excited. The industry had been extremely slow since November last year. Bitcoin hit $5,000 for the first time in over four months, with some other cryptos registering even higher gains. It wasn’t long before some analysts started drawing parallels between the current turnaround and the 2017 crypto boom.
However, according to one tech analyst, we shouldn’t be too excited just yet. In fact, we may have to wait for some 22 years before we finally get back to 2017 record high.