I DO NOT AGREE!
Yes,
$BTC did have a run, but that rally was largely exclusive to Bitcoin. Not much else had a significant run. And it too was mostly due to institutions adding the asset to their balance sheets.
I guess the better question is, how do you define a bull or bear market?
Was the Solana meme coins run of 2024 a bull market? Was the Bitcoin run to over $100k a bull market?
In my books, it is a bull market if the sector as a whole experiences a significant upward momentum for a sustained period of time. Something like what we saw from March 2020 to December 2021. Yes, defi tokens made the most returns for investors but, everything else also made significant gains. It wasn't a bull run that was contained to just one or two assets. Or even just one narrative. It was all-encompassing, differing only in which sector went up more.
When I position for the upcoming
#aiSummer , I do so knowing that other coins too will go up a lot. But their upward momentum will be dwarfed by that of ai tokens.
This is why I am as excited about
$JUP as I am about $AIGENSYN , AS WE EXIT THE BEAR MARKET WHICH STARTED IN 2022.