In the recent days the price of bitcoin has gone up which led many in the cryptocurrency world to believe that the winter is over and that the bull run is here again.
Though Bitcoin is the undisputed king of the cryptocurrency world, there are things that need to be
corrected before we can see a real end of the bearish market says Vinny Lingham, a prominent Bitcoin Enthusiast and Founder of Civic Key.
He opined that crypto assets (Altcoins) need to decouple from Bitcoin because as the price of Bitcoin rises so does the price of other assets even if it means those other assets are not doing anything from their end in terms of development.
It is unfortunate that the price of other altcoins correlated to the price of bitcoin. in Vinny's tweet - “The key indicator for the start of a sustainable bull run is likely a decoupling of other assets from Bitcoin (i.e. Bitcoin’s strength weakens other networks or vice versa). Anything else is just speculation again (maybe we need another bubble to learn more lessons? )…”