An american investment company VanEck($49B AUM) is launching bitcoin exchange-traded note on German exchange Xetra.
 https://decrypt.co/49488/49-billion-fund-manager-launches-bitcoin-etn-in-europe
More institutional money is flowing into bitcoin market with growing capitalization and adoption among the rich. Scarcity and high prices may soon become out of reach of the general public and may only be available to wealthy individuals or companies.
What do you think?

Everybody looks so happy and optimistic about Bitcoin bull rally, everything is going fine for the crypto king and many expect it to last forever including myself. Do you really think so? I'm not talking about some corrective retracement, which is healthy for the market too.
What do you think can be the biggest threat for Bitcoin in current situation? In my opinion it can be only some sudden governments shift in regulations and laws to ban Bitcoin (which I don't really think may happen), otherwise there are basically no obstacles or threats.

As Bitcoin bullrun continues there are some differences between 2017 and today.
1. Whales bitcoin addresses keep growing and balances are not shrinking that means more holders, in 2017 there were more whales sellers.
2. Much more institutional investors are flowing into bitcoin.
3. There was a dominance of Asian investors and money in 2017 and now with PayPal, CME, Square more money is coming from America.
4. As TA guys may notice price action of Bitcoin rally 2020 looks more technically prdeictable than in 2017.

What differences did you notice?