Bitcoin Forum

Alright this is a little self promotion haha. I wrote an article on Medium so I'm gonna post a link.

But in case you don't want to read the article, here's the list of five big movers I see making Bitcoin go to $100k in the next two years.

1. The 2020 Economic Crisis + Money Printing
2. Institutional investors continue to tip-toe into the market
3. The recent Halving plus just normal market cycle dynamics (meaning we're naturally in the upswing part of the cycle now)
4. Companies switching to BTC as their reserve currency (just saw the first instance of it this month, I would guess more will follow with at least a few percent of their cash reserves)
5. DeFi (raising the whole market but also locking away Bitcoin for use in DeFi)

Basically, inflation + money printing that can go into Bitcoin + desire for hard money + institutional investors and companies getting more comfortable with the idea of bitcoin + halving + DeFi + obviously the ensuing retail frenzy that will result once price starts heading north of ATH = $100k+ peak by end of 2022.


Normal link to Medium article (https://medium.com/coinmonks/heres-why-bitcoin-is-heading-for-a-10x-price-explosion-in-2021-2022-39ab89fb1c10)

Friend Link to Medium article in case you can't see it behind the pay wall. (http://medium.com/coinmonks/heres-why-bitcoin-is-heading-for-a-10x-price-explosion-in-2021-2022-39ab89fb1c10?source=friends_link&sk=d213c95c63c7941ff32233563784a1c2)


What do you think of these five price drivers?
Do you think there are different main drivers of price this market cycle or you don't think some of these will pan out?

Those are presumptions but we cant really totally point out fingers that those thing will surely happen specially in talks of institutional money would flow to crypto which is unlikely to happen -
or there might be a small percentage but going all in would be impossible.

Economic Crisis, Halving, DeFi .. All of those things might correlate on market movement but it wont be a precise thing for someone to make it as a solid reference towards his
investment

100k in 2 years would be still a far-off price.

Defi and the companies using it as reserves imo is mostly speculation at this stage..

I dont think defi has been around long enough to assume it's secure and I don't know how well companies can do at securing assets in bitcoin. A couple of rogue employees could land them with nothing quite quickly.

Was $20k not a far-off price in 2015 when Bitcoin was in the $200s?
Was $1100 not a far-off price in 2011 when Bitcoin was in the single digits?


Projecting a 10x increase over two years for Bitcoin during a bull run is not a far off price.

I dunno about that stuff. I just know DeFi seems to be coming into its own now after gradually gaining popularity the past couple of years.

Most ICOs being nothing more than white papers with no market for the product didn't stop the ICO boom from adding hundreds of billions of dollars to the crypto market cap in 2017. And DeFi seems a lot more legit and long-lasting than ICOs because it is actual financial products being put on blockchain, rather than just financing hype and hoping to get out quick after a big pump.

With already tens of thousands of Bitcoin tied up in DeFi and Bitcoin only just the past few months really becoming a popular collateral for DeFi, and if we say there's only 5-10 million Bitcoin that will touch the market during the run-up of the bull market, it's certainly possible that up to 10% of the available Bitcoin in the market could be tied up in DeFi in the next two years.

And I don't see a problem with companies securing Bitcoin assets. Bitcoin is inherently secure. Bitcoin is only not secure when it needs to be kept online in hot wallets, which is why exchanges have problems. A company putting a few percent of their cash reserves in Bitcoin for the long term would be holding all that off-line with extremely secure access. They won't be giving access to random employees. Or they'll store it in some institutional custody service where they don't have to worry about it at all. Ability of companies to safely store Bitcoin is not a problem.

Fees are really high with defi and the more funds in it, the more lucrative it bnecomes to hack.
It looks like a lot of currencies are tryihng to roll out defi support so there's likely going to be one produced by someone with no idea what they're doing...

True bitcoin DEFI won't be possible until some sort of cross-chain compatibility occurs or the bitcoin chain is adapted to allow it directly. Also in order to earn interest with defi you have to have people happy to borrow it for that rate (rates have already dropped by half since I put funds in about half a year ago).

Bitcoin isn't like a bank account, you can't just reroute where the funds go if the CEO disapears or something. Giving the CEO and directors acccess to a multisig is a way to go, but every time one leaves - you'll have to generate a new multisig address. You'd also have to put plans in place in case a tragedy hit one of the offices and a large number of workers suffered injuries great enough to make it so shareholders/new management can't access the funds.


Same problem as before but potentially even more of a problem. You can probably expectg terms in that contract to say something along the lines of: "funds held by us may be lent to companies that we consider reputable" like most other places do and then if some funds get lost - what do you do about that? Especially if the company already nullifies its burden.

Doesn't matter, as long as that speculation locks away BTC supply. 0.18% of all existing BTC are already locked in DeFi contracts through assets like WBTC. (https://cointelegraph.com/news/total-value-locked-in-defi-is-overestimated-by-283-billion-data-shows) That's 0.18% less BTC that can be dumped on the fiat market (realistically much more than that considering how little circulating BTC actually gets deposited to exchanges). With all the investor interest in DeFi platforms, I expect that proportion to rise significantly over the next year or two.

Just like altcoin bull markets, anything that sucks BTC supply away from the BTCUSD market is bullish for Bitcoin.

Economic crisis, printing of more money causing dollars and other top currencies to drop it's value, the 4 year Bitcoin cycle, the Defi hype, and the very bullish predictions. These are just some of the things I've seen as the leading factor that drives Btc to reach new ATH.
However, I won't be too comfortable with the $100k range, though I already have a plan on saving like 50% of my wallet in case Btc are really hitting that range.



This statement always made sense and will convince investors to turn their beliefs that Btc might hit the $100k ATH. Though some also believes that the realistic range Btc would get next year is around $30k. Let's just see what happens next.

The 5th one here is only a unique for me now.
We all know that the first one, we really experienced this for past few years but a little less. The DeFi thing is kinda new and I am excited and curious how it can be trigger the Bitcoin price, well, it's still not 100% sure for now.
For me, the most common and have more posibility is the block halvings of Bitcoin, since this is one of the important event on Bitcoin for me.

4 and 5 are mostly in the beginning stages right now. They could still stop and pretty much remove their effects on the current market. 3 is a given, heck, even I am pretty hyped up with what the halving would bring on the current uptrend of the market. 2 is still at tight ropes right now, especially since if the economy could suddenly bounce back, which is either unlikely or going to take a long time. as for 1, well, they basically have no other choice and path other than that right now. It'd probably be better for them to just let it happen, but by being prepared for it, at least they can minimize their losses. Still though, even with this, other safe haven assets still exists like gold, which is relatively safer so it's still up to debate whether they'd choose Bitcoin over others.

Your points are strong enough but I think it is too far bitcoin to reach $100k in next 2 years. We know that from 2015-2020, bitcoin increased a lot but practically all the things have a system and limitation according to situation and time.

But we also need to realize that Bitcoin undergoes a big dip and has a hard time reaching another all time high in the last two years, we can't tell if somewhere along the way if Bitcoin will encounters that will make a big turn around again, I'm not being negative but we have to face the real picture that two years is such a short time for Bitcoin to reach that very high price I'm ok with $40 k.

Anything that goes up too fast then it tends to fall at higher pace as well. But just like now how bitcoin is gradually rising with testing 12k range zone and falling back and slowly keep rising will help in long run. So 100k in 2 years is till unknow for the matter but only thing is that it should be stable every time it creates a new ATH.

Defi is already here, billions are already entering, but I doubt it can sustain it's run.

Or just hackers breaking it and then stealing money, and I think we have one case already, wherein there was no audit whatsoever in the code that make investors lost their money. DeFi Meme Coin YAM Succumbs to Fatal ‘Rebase’ Bug, Makes Plans for ‘YAM 2.0’. (https://www.coindesk.com/defi-meme-coin-yam-succumbs-to-fatal-rebase-bug)

The fifth.
We're yet to see how long this Defi trend would last. But I'm with you with the other points that you have mentioned. Leaning forward to see $100k in the near future.

Between the 5 that you mentioned, I think the 3rd is the most obvious reason why your speculation can become true in the next 2 years :D.

If you will see the history of the past 2 halvings, after it happened it went sideways for a period of time and after that it created a parabolic move towards the upside pushing its price to its new ATH. There is a chance that it can happen in the next 2 years too if history repeats itself but still there is a chance that it will not.

With regards to the DeFi, it is too early to say that DeFi can affect the market in general because it has been implemented few months ago and what we are experiencing right now is just pure hype of it. Like what happened to ICO 3 years ago where projects are becoming a successful ones and bounty hunters are very happy but as the scammers swarm the ICO community, success of projects are going lower and lower. It may happen to DeFi too.

Top 5 reasons why we will NOT see BTC to 100K USD in next 2 years:

1.Governments and central banks trying to destroy Bitcoin.
2.Institutional investors won't touch Bitcoin with a 10-meter stick,If the governments and central banks forbid them to buy BTC.
3.DeFi is related to ETH,not to Bitcoin.
4.Money printing and inflation are pumping the crypto prices because the fiat currency prices go down.This isn't actual cryptocurrency adoption.It's just hedging the risks of fiat prices going down.
5.The 2020 economic crisis might end in 2021.This is just a suggestion.
6.The BTC halving is gone and it doesn't have any impact over the Bitcoin price.

Number 1 and number 5 for me  is the huge movers of today. The instability in the world's largest economies kept a lot of investors and traders thinking of the next big thing, and as such it became the reason to number 2. They are now trying to gauge the market and see how deep the rabbit hole goes, and should they find some form of a leverage on any position, they'd take it gladly just so they can make some money while the rest are still figuring out what to do. As for number 5, there's just a ton of hype surrounding DeFi right now and it seems that everyone wants to be a part of it as proved by the volume and total locked amount within the last 7 days. I myself do not understand DeFi and its entirety to be honest but I'm starting to get more curious about it each day.

We're mostly optimistic here so let me not kill that vibe. Two years meaning 2023 right? If that's the timeframe then i would say it's very possible but first we'll have to cross the trading price of $50k. Achieving that will be a catalyst for further growth. Maybe if bitcoin can achieve the trading price of $50k in or before 2022 then there won't be much doubt of bitcoin trading above $100k in the next year which would be just a 100% increase.

Sometime in March bitcoin was trading around $3.5k+ using that to compare with its current price that's almost 2x rise right. That's just to show the possiblity of something similar happening when we achieve the trading price of $50k.

All of them could be a factor of the market change but I see more for these two have a huge impact on it.

If we all come into using crypto and increases its demand, it eventually makes the price rise. $100k ain't possible but it really needs more time than we think that it boom within 2 years. Definitely, it will be surprising to see and maybe we can't witness that time to come for a chance that we have passed already before it shows.

Adoption is what we meant for but simply we can't think that it works so easily. We become optimistic with $100k and really worth to wait but I'm not sure if we all have that patience.

I totally agree with you. And if for some reason it will not happen in 2 years it will happen in 3.

We already seen some effect from some factors, bitcoin price has been surge from its lower price and until it has been traded above $10.000 and I think that $10.000 is the first step for bitcoin touch its privious all time high.

There is some speculations as well who stated if bitcoin price touch its privious all time high again at least we will see the next price that will be achieved is $75.000 and $100.000, so based on that if these factors that you mentioned has given many investor and new comers aware $100.000 is reasonable price to be achieved.

The first one is not a long term thing, the 2020 crisis and the money printing is affecting the bitcoin price right now as we speak but it wouldn't be a long term thing, the markets will eventually adjust and the price will show for it, hell the increase to 12k is probably thanks to that and I doubt it would have any further deal.

Second one is more important, the likes of JP Morgan and Chase and stuff would make bitcoin go over 100k in a heart beat if they want to get into bitcoin in a big deal.

Third one should show in the next 6 months or so, if it really goes up that means it was halving, if it doesn't that means it didn't, we will see soon. Fourth one is a big ask, I mean would it work? It could but it is a big "if" right now. And defi is just a hype right now that will die down, it is not as big as people think it is.

The issue of inflation is also something that enhances the use of bitcoin, the fact of thinking in many countries that at any moment there will be a worldwide collapse of the economy, but the main thing is the fact that adoption will increase every time more.

I just don't see these five list can help Bitcoin catapult to $100k in just two years DeFi is evolving it will take some time and there maybe more that can be added to help Bitcoin reach to that level but I doubt it will be in two years time maybe in five years provided we move fast in adoption.

Bitcoin price to reach 50K does not seems possible at this moment but as we have seen in the past anything can happen in crypto. But I do not see $100K within two years. It may take few more years, probably after the next halving we may see this price increase.

Many people don't see the price of bitcoin will go this far as todays price remember bitcoin is worthless and less adopted and those people who doubt that it will not get a huge success regrets that they didn't buy bitcoins when the price is cheap.

Remember the pizza scenario and I'm sure the one who pays 10,000 bitcoins for just a pizza is regrets and possible count his earnings if he wish to hold that huge volume for year 2017 or even today since he could possibly earn millions of dollars with that volume.

So let's not close the possibilities since every year give another milestone on bitcoins and cryptocurrency.

To be honest, I don't see how these five reasons mentioned here could trigger Bitcoin price go all over to $100k. Nothing of this isn't connected to Bitcoin and it isn't influencing it. All this seems very exaggerated to me and definitely not convincing.

Reaching $100,000 in just two years is definitely a big exaggeration, look at the current price, which since the end of 2017 is still below $12,000, but at the end of 2017 there were many people who used arguments similar to your arguments to say that the price would reach $30,000  in 2018, then last year I also saw something similar and the price did not reach more than $15,000 last year.

So now is a forecast of $100,000 for 2 years from now? the price of bitcoin can't even reach more than $ 20,000 since 2 years and are you dreaming of $100,000?I s a great exaggeration

Actually we are responsible about it. For the price of bitcoin, hype is also matter. But I'm not guessing that bitcoin will hit $100k in next two years. It is too far from today's price.

This is something people were talking about every major level. 2 years before reaching 1000 dollars the price was at $20 and 2 years before going to 20 thousand we were at $300.



It couldn't reach 20 because it was in a bear market. Between 2014 and 2016 the price still was wtruggling to surpass 1000 because of the 2 year long bear market.
When we break 20 thousand we will most likely go to 50 within the same year.

The Crypto market is full of possibilities especially when halving effect takes over the market but that doesn't mean the bitcoin market has the chance of clinching $100k price range in 2 years even with the economic crisis and increase in money printing. About the companies using BTC as their reserve currency, I don't want us to build our hope on false information because no adequate information or evidence was provided that the information is indeed the truth. About Defi hype and locking away Bitcoin use, Defi is just a hype project and didn't have the capacity to lock away bitcoin uses. However, I hope people are informed about the danger in it.

Thats the only real reason for such a high target so soon, the complete destabilization of a monetary world standard  would just about push to this edge and also mean 100k isnt even half the value it is now in real terms.  My rule for taking any price target prediction like this seriously is the consideration of a total market capitalization.   When price inaccuracy occurs, inflation or even deflation as occurs with default then we are losing track of value and the only way to properly compare assets is in ratio and a contrast in total value.   People keep talking about price as if dollar value will never change, clearly its going to crumble under the weight of this debt at some point near term or certainly long term.  But also the point is even BTC as unit is not stationary, the block reward alters its total monetary base so I'd prefer if these grand predictions gave the full picture for the total circulation of BTC vs other tokens etc.

Anyway, it is free to speculate and later on people will realize that there's more to it. We can give a lot of reasons why it will attain such level or decrease its value to this level. But one thing for sure, bitcoin will stay in the market for the next couple of years but we don't know exactly how much its worth would be. Try to be realistic as much as you can so you will not be disappointed if your expectations will not happen.

me either . i find that some of the reasons are not totally related to bitcoin but they may contribute a little to the growth of bitcoins value .

 especially the defi because its altcoin based which only encourage the use of alts and defi coins  but when people involved on it , theres also a possibility that they can also get involved with btc because both are under the same roof .

We didn't reach $20k yet and it is said to be speculating to get $100k.
 Isn't too early in two years? Despite all of those bitcoin movers reason, whether it is big mover or not that is only presumptions, speculations. I may gonna believe that if we are in $30k-$50k right now.
 
 You also included  reasons like defi projects, it is not sure yet that it may gonna last(im referring to defi projects) Yes, it is currently at a hype right now but the reutation of it is not that established to be one of the reason behind that $100k price if ever. Anyway, I respect your presumptions. Afterall, this is a free community. It will gonna happen, but not too soon like two years from now. Maybe 10 to 20 years in the future.

Exactly how they destroy it? Maybe because the laws are starting to allow them to do business with crypto (EU&USA)? If you believe in conspiracy theories, then this makes sense - the banks will take possession of most of the BTC and then burn all the private keys ::)


Sure, but only in a fairy tale with a happy ending - the economic crisis has not really even begun, and it will last for years. Crashing happens easily and quickly, but recovery is always a slow and time consuming process.


Completely beginner comment, where were you in 2016 if you already missed 2012? Halving has no immediate impact on price, effects can be expected in 2021/22 - and fact that rewards are cut in half (900 new BTC per day) will certainly not be without effect.

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$100k in next 2 years is quite a realistic and achievable number, especially if the investment of companies like Grayscale/Square continues as is the case in Q1/Q2 2020.

To be fair, when we hit 20k (we already did), we were speculating already about $1 million. Compared to the vast majority of analysts out there throwing their hat into the very crowded ring, 100k looks relatively reasonable as a long-term target. In two years? Sure, why not. Thing is, it may or may not be because of the reasons listed. Bitcoin does have a way of going against conventional logic...

I can't think of something else since we don't really see it.
But its nice having some good analysis like this. Thumbs up to that.

De-Fi. It might be the huge chunk of the driving force to go up.
Just like ICO. Most ICO prefer Bitcoin and Ethereum as the currency used to buy their tokens which made a good pump to both of them.
And we know it's being hyped now. A great opportunity for the mass to go through bitcoin first before their beloved De-Fi's.  ;D

You understand my point cause the aspect of false speculation and not being realistic is the reason why I don't support the people mathematically making a prediction which could beguile beginners into deficit cause they are the most fragile which can be enticed by prediction and ROI which is what we see when twitter hacking happened.

People will surely soon realized that things arent really working on what those people had predicted.Sooner or later when they do lost up money then they would realize or know that those arent just unrealistic
kind of predictions. 6 digits price in a matter of 2 years? If we just base of on the 10 years of movement in price with btc or shall we say into the entire market then you can really able to picture out that
it wont really be that easy and also considering on the current economic situation globally then i cant really see that reaching these levels would be easy.This is why when someone do make out calls
or making speculations like these, i do automatically ignore and for those people who do get fooled on such belief then they'll surely realize it later on.

I do see that 100k is totally possible and it really could work out very well for the crypto world as well, if the price goes up, the more price goes up the more money will go into it, that is why I think there is a big chance that bitcoin would go up a lot because when it goes up it continues to go up. Like think of it this way, if bitcoin goes to 20k tomorrow, it would be easier to reach 30k after that as well, and even easier to reach 40k after that, it just gets easier and easier.

The only thing that hurts is the fact that sometimes people with a ton of bitcoin decides to take out profit and sell tens of thousands of bitcoin all at the same time which stops the going up and that causes the price to suddenly plummet to earth, as long as that doesn't happen 100k is totally possible.

peak by 2022 seem a wait. but i believe on the top 5 list that will bring its price to its new ATH. adoption like companies coming to use BTC this time will make people come to bitcoin and eventually become an investor. new people coming into crypto means a flow of money from new comers too.

The DEFI and halving still is one of the cause that will drive the price to go incredible up.

All this speculations are looking feasible , with point 1, the economic crises will help more adoption of cryptocurrency and with that we should also prepare to see the government take taxes on it more serious especially at those countries & government that are yet to understand cryptocurrency.
Then do you mean, cryptocurrency note printing?
If yes, there will also have to be some amendment  in some of its general characters such as being only digital. And I think that will really help.

maybe one of the reasons you mentioned above could be the cause, if the economy continues to weaken and investment in other fields has decreased, maybe investors will put their money in crypto and make a sizeable growth in value.
hmm 100k $ I don't think it's impossible.maybe people in 2010 weren't sure that bitcoin could even touch 1k $ but the fact is it happened, it's crypto and anything can happen here even if it looks impossible.

Halving effect not here yet. Defi effect will lose its touch soon if not end of the year then maybe next year.

Peak in 2020 for sure not possible as halving happened too soon, we need at least one year so May 2021 is the earliest. 2022 is more likely if not even 2023.

The person/party who have a lot of bitcoin (whales) will have the same thing, they must take a profit from bitcoin they had. As long as they get profit they will not leave in this market, it means when they sell all bitcoin in any price and make bitcoin price down a lot but we will see as well bitcoin price will up drastically because they will buy back again.

So, I don't think that this thing has done by them, bitcoin's price will have high price if there are a lot of people who trust it and know that bitcoin is worths than anything. I see the five reason that has mentioned in the OP make more sense rather than your statement.

Here's some fresh kindling -

https://www.sec.gov/news/press-release/2020-191

The SEC are loosening the terms for being an accredited investor. It's not all net worth based now.

'The amendments allow investors to qualify as accredited investors based on defined measures of professional knowledge, experience or certifications in addition to the existing tests for income or net worth.  The amendments also expand the list of entities that may qualify as accredited investors, including by allowing any entity that meets an investments test to qualify.'

That may open up further investment into crypto fun. Not sure what sort.

The thing is, if you prepare yourself for $100k, even if it goes to $30k you may end up losing money. While everyone 3x their profits, you will be out there losing money because you expected $100k and just got $30k instead, which could end up with a loss.

However if you wait for $20k and end up with $30k you could either make a 2x profit or you could make a profit even more, and you would be happy. That is why people go with the "I will say I won't get it, if I end up getting it I will be happy, if I don't I would be ready" type of logic in many things, that is why I think we should have that thought here as well.

Still some people go with "shoot for the stars, if you miss you land on the moon" type of (astronomically wrong) thing, so maybe they are right? I don't know.

Many skeptics have a negative attitude towards halving and the results to which it leads. In my opinion, it is worth paying attention to halving 2020 as the reason for the future growth in the price of Bitcoin. In any case, in the fall of 2012, miners were paid 25 BTC per block. At the same time, a year after this event, bitcoin rose in price almost 407 times. And already in the summer of 2016, manners received 12.5 BTC after the halving. But again a year later, the maximum value of bitcoin reached $ 20,000. Based on this, I am convinced of a similar development of events after the halving of 2020 and we will achieve possibly high results in the summer of 2021.

https://www.forbes.com/sites/michaeldelcastillo/2020/08/26/fidelity-president-files-for-new-bitcoin-fund

We're going to see more and more of this in the coming years too. It's easy to forget how little involvement professional money still has in this space. It's a genuinely piddly amount despite the noise we give it. In another five years I expect most places to have some options for BTC.

We can't blame these whales they want to make profit, they always do this ever since, but I don't think they dump will all their shares they have a market to protect, they don't want new investors to think that it's the end of Bitcoin, this is what happens when a big portion of the supply is in the hands of the few, they can always manipulate the market.

The current situation motivates the price of one BTC to reach 100 thousand dollars more than ever before, as BTC is now known as a valid competitor for storing value by the most powerful financial institutions in the world. When the BTC price rises, more people are talking about the cryptocurrency, and there is a lot of media coverage, which contributes to the occurrence of FOMO and people resort to storing bitcoin.

I remember the dude who bought pizzas for 10k bitcoins talked about the situation and he wasn't really all that worried about it, he mined a ton of them, he bought them even cheaper and he made a profit of them, that wasn't last of his coins neither, he sold a lot of them even later but before the 2017 peak times, so 10k for pizza wasn't his only mistake, he sold tens of thousands of bitcoin way before it meant anything, he spent few dollars and made few hundred dollars, when he could have been a millionaire, even more.

So, that is why I think we should not look at it like if we made a profit or not, even when you make a profit, you might be missing out on the future profit, you could buy at $10k and sell at $20k, but the price might have go to $30k and you might have missed money to be made.

Hype is the main reason why a lot of investors or traders are keep losing money, they keep believing on false speculations from those self proclaimed guru. There is nothing wrong in speculation but make sure that a certain speculation should be attainable and possible especially if you will follow it. It is better to learn technical analysis than to speculate without prior data and information. The price is made of candlesticks which represents the emotions of the traders and investors, if you able to read chart then you will have an idea on where the price will go. Unlike in speculation the price is just basing on guess and hype.

Even though that there is a popular phrase which is the market is full of possibilities, $100,000 for me is too much expectation and 2 years is not enough to achieved it. Right now even though we are in uptrend, the price of the bitcoin have having a hard time to stay above $12,000 and it is now in the line of breaking down where its price is now in the support levels.

Governments pushing the fiat currency to be a lot less valuable is a cool part of why bitcoin and gold will go up. I know that not many people have followed gold in the previous months here because this is mainly a bitcoin place, but you should have seen gold, it has been doing awesome and it has gone up a lot. Plus in some nations things are a lot worse and that means in those nations crypto and gold got even more attention as well.

When people do not see profit in fiat and think that it is getting less and less valuable they actually do end up with investing into other stuff. I personally believe crypto is the better option of all the available things. This doesn't mean it will hit 100k in 2 years but it just means there is that possibility of it going really high.

I believe that this will happen, if something that this pandemic brought us is the need to be cashless and do not rely on fiat on our everyday transactions, here in our country our government strictly enforced staying at home and only those who needs to go out could go out with quarantine pass, and they highly recommend to every stores to do cashless transactions to avoid contact, so after this pandemic Cryptocurrency cashless transaction will play a big role when we get back to normal.

In the world of cryptocurrency all price predictions are possible, but it also affects the decisions some people take to hold or sell them. people with thousands of bitcoins will certainly have a bad effect on the bitcoin market when they decide to sell it, and a panic sell will occur so the market will dump even deeper.

it is all market manipulation by whales and they get a lot of profit from the manipulation.

100k may be achieved, but the estimated time required is unknown, as market manipulation continues. flash pump and dump will occur suddenly.

I have the opposite view on manipulation and the market, even whales live in the sea which adheres to the tides and waves far greater then any of the occupants.    The tide change is a saying that applies to many things including natural markets, if we say the market rises because of whales we should see that as weakness and sooner or later it will collapse as its a fake construct.
    This is what critics of Bitcoin expect and project is the basis of all crypto trading, that its inflated and false serving no purpose without utility to it.    Its just not true, Bitcoin fills some need for digital transactions online without requiring an intermediary between countries, people or companies.   If it has a backbone of actual use, utility given uniquely then this is what really drives BTC base line worth.   Tons of speculation can occur but its not the engine for driving us upwards imo.

Sorry but which government has this urging?Pushing Fiat to be less valuable for Bitcoin?have not read any articles about this Mind to please share me?
Why would Cryptonians Move into Gold when the physical form of this is lowering when time to sell than the price when you bought?
What?Nations that is worse form Gold and Crypto are gaining attention?where did you Get this idea?
Where in the world that people are looking for profit in Fiat?fiat is not an investment(of course asside from stupid banks that offers 1-5% annually )
Fiat Supposed to be invested in Businesses to make grow and that is far different in investing in crypto.

My opinion is that from the first point to the fifth point, these five points affect the price of bitcoin which can go up or down. but to get to 100k in the next 2 years I don't think it's possible.

   Dondonk never say never, stranger things happened with Bitcoin. It was harder to get from $0 to $1000, than to go from here point
now to $100k, it's just x10.
   I believe that anything is possible. We are seeing how crypto-communities grow quickly, how new trends are being created, more
people show interest for Blockchain technology, and except these 5 reasons there are more good ones why Bitcoin price can reach
$100k in the next couple of years.

There's a lot of indicators to be consider and even if there's a good news when there's no demand, the effect of it is low and its hard to push the price up to $100k in the next two years considering the people is just recovering from the big fall this year. More pump is coming, but I think we will just see the price of $30k in the next two year.

Well, DeFi project already made a pump up to $30k in just a short period of time (YFI Token), Let's see if the price will hold on that level and go for more peak. I hope Bitcoin is next and made a good run again, just like this aside from the hype. :D

yes I agree, maybe if you look at the price who will reach 100k $ first, it is yfi because he made a new history of dicrypto as the highest priced coin, breaking the highest btc record around 19600 $.
If you look at the comparison with the current BTC, the ratio is 1 in 3.

Every year the market faces a lot of ups and down, we are still struggling because of the pandemic, and two years is such a short time for Bitcoin to reach that price, I don't want to be like McAfee who create a hype without an insight if the price he predicted is possible, we need to have an insight but those five points you mentioned is not yet in full blast i figure it would be five years or more.

Dont like first reason in the list. How can economy crisis stimulate bitcoin price to grow till $100k ? Usually it happens in different way. Covid-19, that cause economic crisis drop the price far below $5k, but some one think that the price will grow. Strange.

Lets wait for second covid-19 wave and first symptoms of flu and how the price will react.

I think the second wave of covid19 is already happening and we have already achieve high numbers of covid19 positive. But I do not see any connection between covid19 and bitcoin market price.

Most of us are in lock down and others had been stop from work which is not good because not all that stop working still receiving salary especially in private sectors that has the policy of no work no pay. Of course we need to be prepared of this virus for us not to get infected and the preparation include the financial capacity.

However even with pandemic bitcoin continue to rise and this is not becuase of the influence of the virus rather it is because more people tend to buy crypto and trade to profit. This is the reason of the bitcoin increase and everyone else wanted to earn. Getting high demand for bitcoin will relatively will make bitcoin market price to go high.

The top reason why I see bitcoin going up (even if not to 100k) in the next 2 years is the fact that every single day 900 bitcoins not getting mined thanks to the halving. By calculation we are talking about that is 10 million dollars, we are talking about 10 million dollars gone every single day, that is 300 million dollars a month and about 3.6 billion dollars a year.

There is really no way that market could handle that much missing money to be covered with all the new sellers, sure people could keep selling but with about 3.6 billion less money on sell side of things, the price has to go up, I don't know how much but it has to go up. After all we are talking about actually being on the buy side and how it could just stay the same and still make it bigger.

I believe that in the end we are talking about a situation where bitcoin is going 10x and whenever we talk about a situation like that we have to realize that it is not easy, it will take time and it is definitely a big task. Obviously this is bitcoin and technically speaking it could be 1 cent tomorrow or 1 million, this is just technically speaking as you might imagine because we all know both of them will not happen tomorrow, but this is just to prove that suddenly you can't buy a house for 1 dollar and that house you bought for 100k will not become 100 billion neither of those will ever happen and honestly it could never happen even technically speaking. Yet with all this in mind, bitcoin doesn't look like it is going to 100k, we need to set a bit more realistic goal.

2 Years is too short for 100k$ mate,we can't even make $20k again for how more than 3 years now and here you go looking for this High value?
Yeah we are all positive in regards to crypto but at least we have limitation in our speculations.
I will take at least $50k in 2022 or maybe in 2023 the Longest.

Well regarding pandemic 2021 may have already vaccine(Hoping and praying) so we can get back to our normal living and market will do the same.
How time flies ,it is Half a year that we are in this Covid traps,but still struggling ang staying strong.

Maybe I was blind because I'd never see it and even felt it just like the others. Even we believe that it seems possible but I can't imagine how it fastly recovers. Currently, we are still at $10k-$12k range, how it comes possible in just 2 years. Maybe I have blown out if that will come. No, I don't believe in magic and for sure, there is no magic in crypto than the others think.

I'm an optimistic person but I was not the kind of person who been thinking that high. Really far from reality.

If the vaccine actually works and people grow some sort of immunity towards the virus, that means I feel like things could actually go back to how it was but even stronger. You know why? Because life was life before that, but now everyone has a different meaning of life, people are realizing that home is not as bad as they imagined and we are talking about a lot more people staying at home, making their own food, having their own understanding of spending time, basically all things are changing.

This means I feel like there could be some sort of increase in savings in the future, people will probably try to minimize their life because they were forced to minimize for a while and most people didn't hated it, so I guess they will continue even after the vaccine and could have some money saved up.

According to Bloomberg's analyses, bitcoin may takes 5 years from now to reach the price of 100k and I suppose this is quite possible. I myself believe by 2025, the price of btc will be from 70k-120k.
https://blockchain.news/news/bitcoin-price-reach-100000-2025-btc-increasingly-digital-gold-bloomberg

even just 3 of these reason may become rightful?for sure we will Hit that value even in 1 year period of time.i am not losing my faith in bitcoin and also with some of my coins in holding.

Lets pray for faster development and market reaction,More investors and the PayPal adoption hope to lead the way.

In my opinion, $100k is possible, whether in happens in the next to 2-3 years, remains to be seen. I think with the way companies and institutions putting their money in bitcoin as reserves tells a lot already. And this could really set a trend that its hard to ignore, specially if you are in the fintech or IT industry, somehow you need to get yourself involved in bitcoin, whether accepting it as payment method or just putting your cash into bitcoin as treasury reserves assets, because in the end, it will be a win-win for the company. And this trend will grow in the next coming years that will push the price to 6 digits.

Let's see if you prediction happen after two years from now but now 20k dollars is our target and once it will reach again that value we gonna move on the next target value for the bitcoin everything have process and there's a chance that you will see $100k but the year we will not sure about that because bitcoin sometimes dumping fast but if it's continue rising the probability to happen that is also rise.

To address a couple things here that people have said:

1) Just because Bitcoin hasn't broken $20k yet after 3 years and it has been hanging around $10k for a while, that says nothing about it not being able to hit $100k at the end of this market cycle. Just look at last market cycle, bitcoin was in the mid to high hundreds(!!) in late 2016, and hit $20k by the end of the market cycle. Because is still under $20k now because it is still the buildup part of this market cycle. Whenever Bitcoin passes the ATH from the previous cycle it explodes, so unless for some reason the market dynamics are suddenly completely different now (and I see no reason to think that), a jump from $20k to $100k during a period of say 18 months is not at all unrealistic.

2) Some people seem to have a problem with the first reason: "The 2020 Economic Crisis + Money Printing". Do you not get that governments around the world are printing vast amounts of money precisely because of the pandemic created economic crisis? This is when free money floods the world. The money has to go somewhere, and a little bit of it goes into Bitcoin, pushing the price up. Yes the short term immediate effect was the panic crash in March, and that crash is long since gone, Bitcoin is now well above where it was before the panic crash and is nearly back at the very brief 2019 high. The other side of this is that fiat currencies expect increased inflation as a long term consequence of this, also this keeps interest rates low, which means more borrowing, which means more money and debt being moved around. High inflation + high debt, this is what bitcoin was made for!

Hopefully that covers what seems to be the two main gripes that people have in these comments.

Right now I think Bitcoin is looking right on pace to peak again by end of 2022, and I expect the peak to likely be in the $80k - $120k range, so, roughly $100k.

In fact I am enjoying the hike now towards 14k in the near future so wanting that dreamy high on the price of bitcoin which is too close to 2-3 years 100k is hard to believe for me, the company and also the government should adopt more that has been planned of course This can be said that it needs help from several very influential aspects so it could also depend on the market conditions that are bullish.

Everyone can dream any valuation and there is no one stopping from doing so :D.
The reason why the market took a long time recovering from the last correction is not a big surprise as everyone knew that is how the market usually work and that is how it is set up by Satoshi in the form of halving every 4 years.

The expectation about a vaccine in the near future is another dream, you need to adapt to the changing situation and live accordingly until the virus vanishes on its own or we find a vaccine.

$100k seems unrealistic in such a short time period. Given a few more years it might start trending up, but I'd think that all the bitcoins would need to be mined before this starts to happen. Once all bitcoins are mined then it becomes more of an asset like gold, but it would actually be rarer than gold in future because over time the amount in circulation will eventually fall as it gets lost or becomes otherwise unrecoverable in wallets.

I myself still cannot say that in 2023 Bitcoin will go to $ 100k,
because now Bitcoin still has not reached a new All time high, but indeed now bullish dominates,
of course makes us happy, but try to think wisely so as not to repeat mistakes like in last year.

I would say 100k is too much, we are talking about something much bigger than what we are here and talking about trillions of dollars that would be rivaling all the big huge stock markets as a whole. What we need right now would be focusing on the 15k and 20k levels, do you guys think that 20k would be possible this year before 2021?

If that is possible that would be quite good, this time I am not going to sell at 20k and just going to wait. I am very happy about the fact that I sold at 20k and that is a great situation for me but this time if it happens I am going to wait, that would probably be a lot better. Just to prevent any bad mishap I would probably put a stop loss too. However for all of this to happen we first need to reach to 20k level to begin with and I wonder what you guys think about it.

Im not against to your prediction but we need focus to the reality of the price of the bitcoin is very far from the price now . What ever the value of the bitcoin to the next few years as long as I earn money even not very high but not very low Im okay with that and Im not expecting too much to the bitcoin value. But if that's gonna happen those holder have more than 10 bitcoin in their wallet will become millionaire.

The price doesn't need to crash all that easily next time it reaches 20k, it was just that one time and I am sure next time will not be the same. What people do not consider when talking about the ATH price is the fact that just a few months ago price was 1-3k range, the year started with 700 dollars per bitcoin, literally under 1k and at the peak it was 20k.

This caused a lot of people to have a lot of money, there were millions of people all around the world who got bitcoin under 10k and sold it above 15k in just few months, there was a rush towards selling everyone's bitcoin whenever they can. The difference today is that we have been at these prices for a long time, people who wants to buy already bought and people who wants to sell already sold, going to 20k wouldn't be a sudden shock to us anymore.

Well, some of your drivers have a good point but for drivers 1 and 5 not sure though. You mentioned on the 1st one, the 2020 economic crisis will possibly lead Bitcoin to reach that amount but looking at the current situation we have now, some of the countries' economic status is now gradually recovered, and if this continues the crisis might end as soon.
For the 5th one, we don't know yet how DeFI can last long besides, DeFi is related to ETH not to Bitcoin.
But anyway, these are just speculation feel free to make your own presumption and look forward to it there's nothing wrong with dreaming after all, so yeah I'm with you waiting for $100k to happen.

In my opinion, one of the most serious factors that influenced the fall of the cryptocurrency market in 2018 is the increased number of new fraudulent projects that fraudulently practically stole investment funds and withdrawn money from the cryptocurrency market. This situation first of all caused a huge distrust of cryptocurrency, and many investors took advantage of the possibilities of stable cryptocurrencies or fiat money to protect their capital from depreciation. Undoubtedly, at the present time, most investors already very carefully weigh their approaches to investing their funds and take into account the risks that they may face. That is why I am sure that the situation that is similar to 2017 and 2018 should not happen again.

I agree with reasons 1 - 4 but for the 5 it doesn't seem quite right for me.  I still see DeFi only HYPE and sooner or later it will sink.  Implementing DeFi in the general public is still very difficult because CeFi still controls the economic system, but let's hope DeFi can shift CeFi's dominance..

People are looking at bitcoin differently nowadays because of the price and that makes me very happy, whenever the price increases there is a lot of people who come out of the woods and talk about how awesome bitcoin is, whenever it drops there are people who come in and say "is it dead? will it die?" and that upsets me a lot.

Let's hope that current situation continues a bit more, we really need people who are very much in love with bitcoin and that number of people increases or at least shows itself whenever the price increases like this, so we should keep these prices higher for a bit longer as well. We can't be so certain that bitcoin will continue to go up forever, eventually it will have a correction and go down a bit, but if we are strict about our future plans for bitcoin we can overcome that period easily.

Sure right now a lot of DeFi is hype just to get in and out when coins explode. But DeFi itself is a very legitimate killer app of blockchain - putting financial products on the blockchain. It's not another ICO where teams raise millions off of an idea, DeFi is a very legitimate product and I think we'll see heavy use of it as time progresses. This in general benefits the crypto market, which also benefits bitcoin as it brings new people into crypto and therefore also Bitcoin. Plus it directly benefits bitcoin because people will be locking up bitcoin in these wrapped tokens as their entry way into Ethereum's DeFi products. I definitely think locking up Bitcoin into DeFi products will be part of the boom on this current market cycle. It might only be a few hundred thousand locked up bitcoin in DeFi, but still thats a lot!