In a comprehensive thread on X, crypto analyst Miles Deutscher explored the current state of retail investment in cryptocurrency and speculated whether a resurgence might be on the horizon. What Happened: Deutscher notes a shift in sentiment with BlackRock‘s application for a spot Bitcoin ETF in June 2023, describing it as a “paradigm shift” in institutional perception of the crypto king. The subsequent approval and launch of Bitcoin spot ETFs in January 2024 brought significant inflows, driving Bitcoin to new all-time highs. Despite Bitcoin’s strong performance, Deutscher observes that altcoi…