According to dailyhodl, a recent report released by the crypto-transaction giant Circle said Bitcoin appears to be entering its third long-term market cycle, with geopolitical uncertainty and more institutional involvement driving this cycle. Circle's report analyzes the development of the field in the first half of 2019. The report states that "the rise in bitcoin prices in the first half of 2019 means that a new market cycle begins (the first cycle is 2013-2015, the second cycle). It is 2016-2018), Bitcoin is in a more mature position than in the previous cycle. So far this year, high-quality assets have performed differently, and there is no new low-quality asset that is ubiquitous in 2017. Enter.” Circle also expects that investors in the new cycle will be different from the previous bitcoin bull market.