Why This Bitcoin All-Time High Is Different

On December 16th, bitcoin passed the $20,000 threshold for the first time. For some, this evokes memories of the “Crypto Winter” that followed December 2017, the last time the asset traded near this range. But this is another story.

Underlying this month’s all-time high are clear signs that the bitcoin market has matured considerably. While the range may be the same, bitcoin’s landscape—and outlook—are markedly different. Here are six reasons why.