The recent rally in crypto prices, which has seen Bitcoin soar back above $40,000, has led many on social media to declare "we are so back." They're not wrong. Not only is Bitcoin shaping up to be the best performing asset of 2023, it has also attracted the support of Wall Street giants like BlackRock that are lining up to bring crypto into the financial mainstream. Meanwhile, we're also hearing cringey slogans from the bubble era like "WAGMI" and "to the moon" for the first time in a while.
This evidence all suggests the prolonged Crypto Winter is really and truly over—but for one thing. As The Block and others have pointed out, one key element of past bull markets is conspicuously missing: app downloads.
