Then got here the pandemic rally, in 2021, when crypto mania actually set in, inextricably tied up with the retail investor revolution, WallStreetBets and GameStop, stonks, non-fungible tokens (NFTs) and memes. Investing grew to become a public social exercise for the very-online. Then one other crash. And now the present rally, by which bitcoin has soared above $72,000, pushed by the approval of spot bitcoin exchange-traded funds (ETF) and institutional adoption from large fits like BlackRock and Constancy. After all, with crypto it’s by no means only one factor driving it, and the present rally just isn’t simply concerning the ETF, however I think it is going to be most simply remembered and characterised that manner.