Now some crypto experts are tentatively suggesting bitcoin could see another bull run later this year.

Speaking to the Independent crypto expert Fred Schebesta said: “I am very bullish, I think we could even see a significantly higher bitcoin, it [a second bull run] could by Christmas.”

But he warned: “It will go one way or the other.

“I think it is possible but the market is kind of undecided of where it’s going to go at the moment.”

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