Is it posible that bitcoin will reach $100,000/bitcoin in 2021? thinking there are 7 billion people worldwide and the cap for BTC is 21 MILLION.
I don't think it's likely.
If fiat suddenly became worthless over the next 4 years then yeah, $100k would be definitely possible. But meaningless at the same time because there would be no point of measuring bitcoin's value in fiat anymore. It's simply not "real" value.
But most likely fiat isn't going to become worthless just in 4 years, or at least the main fiat currencies. Even with the crazy rises that we've experienced this year we're only up 10x. To have a 20x rise would be completely out of this world. There's just no way that it's going to happen.
During a hype period everybody is throwing around big numbers.
The fact is that bitcoin has a great potential, but to utilize it it doesn't have to go to those insane numbers. We all want it though ofcourse.
I'm thinking a bear market will start again after hitting 10k or so. dropping as low as 2-3k again.
Completely agreed. Bearish market conditions = people panicking and saying that bitcoin has no future. Bullish = people saying bitcoin is going to go to 1 million soon. The truth is usually found in between.