WHAT EVENT DO YOU THINK WILL USHER BTC INTO THE NEXT BULLRUN?

[Wenbing]

1. Do you think such prediction models are realistic?

2. What major event do you think will usher BTC and the entire industry into the next bullrun?

3. Do you think Microstragy purchasing large units of btc will influence the price?

• Yes, price prediction can be built on realistic assessment. This of course does not mean the price would reflect the expectations of any model, but it's possible to build your model on sound technical and fundamental analysis.
The idea of having a model to mirror the price at every stage is impossible, but you can have something similar at different points.

• Who knows? The only certain future event in relation to Bitcoin is the halving, besides that no one can predict what would happen.

• Not really. Big institutions purchasing Bitcoin is a positive and can influence trader sentiment, but it's already so popular that no singular purchase should have a big impact on the price.

You mean if Tesla should buy more btc today it'll reflect on the general market massively?

[Upgrade00]

You mean if Tesla should buy more btc today it'll reflect on the general market massively?

No, I literally said the opposite that the value of Bitcoin has grown so much that the value cannot be hugely influenced by the purchase from a single institution or company.

There are a long list of companies which have held or hold Bitcoin in their balance sheet or have accepted it as a means of payment for the goods or services they offer; So Telsa announcing a Bitcoin purchase would surely create some traffic, but would not massively affect the price as you suggest.

[STT]

I already heard it in a small way and its down to currencies wishing to avoid inflation by raising their currency worth vs Dollar.   This is a new phase change to previous sell offs where countries were happy to have weak currency for the benefit of exports rather then imports and high prices from that.     If we progress away from favoring continual debt accumulation and weak currency it likely means we see the whole giant bond mountain of debt will unwind and this does mean BTC which has no such burden looks better comparatively;   all these factors are hard to see play out theoretically but lets just say the progression of prior debt based spending likely favors BTC and alternatives to centralized bank currencies.

[wiss19]

You mean if Tesla should buy more btc today it'll reflect on the general market massively?

No, I literally said the opposite that the value of Bitcoin has grown so much that the value cannot be hugely influenced by the purchase from a single institution or company.

There are a long list of companies which have held or hold Bitcoin in their balance sheet or have accepted it as a means of payment for the goods or services they offer; So Telsa announcing a Bitcoin purchase would surely create some traffic, but would not massively affect the price as you suggest.

A small impact is still acceptable for me and it's better than nothing at all however I don't think tesla are still into btc because their head Elon said that he dislikes the coin for a fact that it's not environment friendly but he is more into meme coins now.

Bull run can soon come op just be patient but I am only not sure if btc can instantly go to 100k after that as I think the price is still high and there are still ath's that we need to surpass (e.g 70-80k) before we ended up on the value you are assuming but to your other 3 questions, my response is the following; 1.) Realistic if what they are predicting is also realistic amounts. 2.) A major buying event 3.) Depends on the quantity. The larger the btc they buy the greater the impact.