Bitcoin's Resurgence in 2023: Defying Doubters and Exciting Investors

The recent rally in crypto prices, with Bitcoin surpassing $40,000, suggests that the Crypto Winter is over. However, one key element of past bull markets is missing: app downloads. In previous boom years, consumer crypto apps soared in popularity, but this time around, Coinbase is ranked low on app charts. This could be due to lagging consumer interest, people being cautious after the last cycle, or a dwindling pool of new customers. If Coinbase and others can't attract more customers, the crypto market may not experience the same dramatic growth as before, despite the support of Wall Street giants.