Why will Bitcoin worth increase further ?

[Mr_Brilliant$]

The month started huge and touched ATH. Keep waiting for more great market in the last two months of the year. You can almost be sure that it will touch ATH several times this month. November and December will be another important milestone for Bitcoin history. Review the Bitcoin price of the past years.

The decrease in supply against the demand of Bitcoin will be one of the reasons for the price increase. The adoption of Bitcoin by states around the world can further stimulate the price increase. The increase in the amount of accumulation for increasing the strategic Bitcoin reserve will be one of the reasons for the price increase.

A special section of retail investors is accumulating Bitcoin for the long term and they are holding it, this is the main reason for the price increase.

Whats your opinion ?

Yeah bro, The thing about Bitcoin is, every new cycle just keeps proving how strong its fundamentals are..  Supply keeps getting tighter and at the same time, more people both retail and institutions dey rush in trying to grab whatever little is left..  The crazy part is that most of the existing supply don already dey in cold wallets, meaning people no even wan sell again..  So, imagine that kind of scarcity mixing with rising demand, na simple economics price go naturally climb.

And like you mention, government adoption and companies adding BTC to their balance sheet go only push that momentum higher. People are beginning to understand that Bitcoin no be just digital money, it is a form of long term protection against inflation and bad monetary policies..  so it’s only a matter of time before the price goes wild again. Na why I always tell people make dem no sleep on this market, because when it finally moves, e no dey wait for anybody..

[DYOR+BTC]

Bitcoin is a digital assets whose price is regulated or propelled by the increase in the number of investment and decrease in assets selling which practice one of the law of demand which states that provided that all factors remained equal, as the price of a particular goods or service increase the quantity of asset demanded will reduce and if the price of the assets decrease the demand increase which also obey the principle of BUY THE DIP AND HOLD which means purchasing assets when the price temporarily drops then holding till the assets price increases before selling.

And with way the world is changing with regards to technological advancement, investment system is also changing then raising awareness on the technological investment pattern whose one of the advantage is easy accessibility, transparency and accountability when needed, the need for investing in Bitcoin because of the possession of all the above mentioned criteria becomes inevitably to some civilised nations with transparency in leadership system. And when more people begins to invest then the chances of price increment becomes possible

[Finebone]

No too much long story, Bitcoin will further increase in price because it has value and the value of Bitcoin is both financial and in solving problems of the financial sector.

If Bitcoin don't have value there won't be increasing demand globally. Bitcoin value will still stand the test if time and won't diminish with time.

Wetin you talk here na true, as we all know, Bitcoin get limited supply, and that limited supply create scarcity wey dy very important for any asset wey dy appreciate in value overtime, so any body wey dy reason well go suppose know say Bitcoin go keep on soaring.

Additionally, the total numbers of people using Bitcoin presently in the world 🌎 is not up to 10%, so i believe say in the future when the adoption rate don climb to like 30% of total world population, bro, Bitcoin fit rise up to a million dollar or more, so anyone wey no dy invest in bitcoin now dy do himself a great disservice because na opportunity no right thinking person supposed miss.

[Jubilee58]

The month started huge and touched ATH. Keep waiting for more great market in the last two months of the year. You can almost be sure that it will touch ATH several times this month. November and December will be another important milestone for Bitcoin history. Review the Bitcoin price of the past years.

The decrease in supply against the demand of Bitcoin will be one of the reasons for the price increase. The adoption of Bitcoin by states around the world can further stimulate the price increase. The increase in the amount of accumulation for increasing the strategic Bitcoin reserve will be one of the reasons for the price increase.

A special section of retail investors is accumulating Bitcoin for the long term and they are holding it, this is the main reason for the price increase.

Whats your opinion ?

Concerning bitcoin increase, there are some factors that are fueling the increase and growth of bitcoin, and historically, it is observed that every bull season marks bitcoin all time high and this particular season will not be different.
With bitcoin price today , it has already increased almost double of it's price in the last bull season, and with the bitcoin market trend, it is expected to surge further before the end of the year.

Bitcoin was created  with a limited supply, this is one of the factors behind the bitcoin increase and growth, as the demand for bitcoin increases, the total supply also reduces, and this is what makes bitcoin scarce over time and at the same time, help in the increase of bitcoin price.

Another factor that is behind bitcoin increase, is the institutional interest and the big investors, today in the cryptocurrency market, so many institutions are really interested in bitcoin, because they have been able to discover bitcoin potential, and are accumulating bitcoin as much as they can. So, this great interest among institutions, countries and individuals is really pushing up the bitcoin price.

Another thing to note about bitcoin is that, bitcoin is a decentralized cryptocurrency, and of which it is not influenced by any authority, and bitcoin was designed in special way by Satoshi Nakamoto, and considering how long bitcoin has been in the cryptocurrency market, the increase, demand and potential of bitcoin will remain unstoppable.

[Sammye3]

The decrease in supply against the demand of Bitcoin will be one of the reasons for the price increase. The adoption of Bitcoin by states around the world can further stimulate the price increase. The increase in the amount of accumulation for increasing the strategic Bitcoin reserve will be one of the reasons for the price increase.

A special section of retail investors is accumulating Bitcoin for the long term and they are holding it, this is the main reason for the price increase.

Whats your opinion ?

Scarcity in general increases the value of an asset relative to the demand and Bitcoin mining having gone far to be exhausted makes it more of a valuable asset in the future because i believe there would be a massive pump in the nearest future.
As speculations and market structure would be playing a big role in this as well, as the numbers of Bitcoin holders increases by the day and publicity being spread across the world.

In no time, we would be experiencing a breaking historical event in the future, I believe because Bitcoin has a lot of potential with its stability with volatility as it's decentralized and not controlled by a government or an individual.
Bitcoin's massive increase wouldn't be a surprise anymore and we hope for the best.

[Odohu]

By the way Bitcoin was design which is a fixed supply, it is bound to increase in value with time. Remember that the world population is increasing and so is the awareness of Bitcoin and even now we have seen how various big capitals and governments are working on keeping Bitcoin reserve, now add this to the fact that Bitcoin have a fixed supply and many are and will be lost... you will arrive at the simple conclusion that Bitcoin is destined to increase in value with time. Therefore, get your share of the pie and HODL!

[ruykeri]

Whats your opinion ?

I think Bitcoin is still in its early stages. Not only is the price increasing in the market, but also due to its strong economic foundation and low supply, the price of Bitcoin will be much higher in the future. With each halving, the mining reward of Bitcoin is halved . And the demand for Bitcoin continues to increase, which is why the price of Bitcoin continues to increase. Many countries in the world have started using Bitcoin as a reserve and the way the world's big companies are increasing their BTC holdings, there is no doubt that the price of Bitcoin will be much higher in the future. Although Bitcoin fluctuates in the short term, the price of Bitcoin increases in the long term.

https://x.com/saylordocs/status/1975512677779988941?t=tMeVAq4WIR1geDtwmQ0P-Q&s=19

[Byebyebtc]

It's quite a good way to start the year that bitcoin just created a new all time high, which has beam rays of belief and confidence to investors, they call it the greed zone. And it is very obvious now that bitcoin does not make deep retracement anymore, it does not even reach the equilibrium of the Fibonacci retracement tool which has been respected in the past bitcoin price action. And as a matter of fact it is failing to close the recent high with a full candle. So does this movements look suspicious to you? Because to an extent it is to me, what if market is creating pools of liquidity in the recent lows that will soon be swept befor the market creates a new all time high again? The fact is that nobody really know but even as that, the market has it's own ways so nothing should be surprising to us.

[cxtreenal]

The month started huge and touched ATH. Keep waiting for more great market in the last two months of the year. You can almost be sure that it will touch ATH several times this month. November and December will be another important milestone for Bitcoin history. Review the Bitcoin price of the past years.

The decrease in supply against the demand of Bitcoin will be one of the reasons for the price increase. The adoption of Bitcoin by states around the world can further stimulate the price increase. The increase in the amount of accumulation for increasing the strategic Bitcoin reserve will be one of the reasons for the price increase.

A special section of retail investors is accumulating Bitcoin for the long term and they are holding it, this is the main reason for the price increase.

Whats your opinion ?

Well the truth is we don't know what the market is planing on doing and sometimes I see predictions like this to be so unrealistic because I have also seen many not play along to what people say. The market these days get extremely manipulated by world events, news and sometimes whales and institutions in the market. But if everything plays along normally your prediction of bitcoin hitting ATH several times can be a thing of history but again there is an anticipation for the altseason and that might trigger the market to experience a bit of bearish move due to some trader making withdrawal to purchase altcoin projects.

The influence of whales in the market will always be there, whether institutional or informal. You have to understand the reality of Bitcoin amidst this continuous rise and fall of the market price. The most reliable reason for the increase in price is its limited supply. The other factors that affect the price of Bitcoin are temporary and affect the market for a very short time. The price of most altcoins fluctuates based on Bitcoin. It would be a wrong decision to withdraw for the alt season. Where the foundation of most alts is very shaky.

[kasablings]

Bitcoin worth will definitely increase in time, because is an asset that has value and as time goes by the community of bitcoin grows larger the value will also increase too.bitcion is an asset and also a currency on its own so it will always appreciate its value as times goes by.

[Yorubek]

Whats your opinion ?

I think Bitcoin is still in its early stages. Not only is the price increasing in the market, but also due to its strong economic foundation and low supply, the price of Bitcoin will be much higher in the future. With each halving, the mining reward of Bitcoin is halved . And the demand for Bitcoin continues to increase, which is why the price of Bitcoin continues to increase. Many countries in the world have started using Bitcoin as a reserve and the way the world's big companies are increasing their BTC holdings, there is no doubt that the price of Bitcoin will be much higher in the future. Although Bitcoin fluctuates in the short term, the price of Bitcoin increases in the long term.

https://x.com/saylordocs/status/1975512677779988941?t=tMeVAq4WIR1geDtwmQ0P-Q&s=19

It is true that the price of Bitcoin is increasing and will increase significantly in the future due to strong economic fundamentals and low supply. Every four years, Bitcoin halving occurs, which reduces the amount of Bitcoin that miners receive as a block mine fee reward by half, resulting in fewer new Bitcoins coming into the market. As supply decreases and demand increases, the price of Bitcoin is increasing day by day and will double in the future. The whole world is becoming aware of the use of Bitcoin and the process of purchasing is increasing day by day and holding it for the future, making it possible to protect against inflation as well as make long-term profits.

[cxtreenal]

By the way Bitcoin was design which is a fixed supply, it is bound to increase in value with time. Remember that the world population is increasing and so is the awareness of Bitcoin and even now we have seen how various big capitals and governments are working on keeping Bitcoin reserve, now add this to the fact that Bitcoin have a fixed supply and many are and will be lost... you will arrive at the simple conclusion that Bitcoin is destined to increase in value with time. Therefore, get your share of the pie and HODL!

Limited supply and decentralized design have a high probability of price increase. Fiat currency depreciates due to inflation. Sometimes the government system of the country creates inflation for the state financial backup and loots a huge amount of money from the people. The root of the increase in the price of every product is the effect of a weak economy. This may not be understandable to many ordinary people.

Bitcoin can strategically be linked to a country's monetary system and form a strong and stable financial system. Some states in the United States, known as the capital of Bitcoin, have approved the bill for Bitcoin as a strategic reserve. It is likely to be effective soon. Therefore, the possibility of increasing the price of Bitcoin is high. A large number of people are holding Bitcoin around the world and this amount is gradually increasing.

[Pi-network314159]

A special section of retail investors is accumulating Bitcoin for the long term and they are holding it, this is the main reason for the price increase.

Whats your opinion ?

Actually Bitcoin increase or decrease is determined by demand and supply and this demand signifies the number of buyers in the market while this supply signifies those that are  selling. so generally If sellers in the market are above the buyers of Bitcoin then the market will automatically decrease. And vise versa the price increase when the buyers are more than the seller. And in this process there are things that trigger people to buy or sell. It could be number of competitor, rumor and Regulation etc. this factor trigger demand and supply, and this causes Bitcoin to rise or fall.

[WhoYouCantKill]

I concur. The recent rise in the price of Bitcoin is caused more by strong gathering and insufficient supply. As many institutions and governments as well reveal interest, demand continue to grow as new supply stays fixed. History also shows that the recent months of the year mainly bring bullish momentum. Therefore yes, if the pattern keep up, new all-time highs are always possible before the end of the year.

[Mighty97]

I agree. Strong demand and a lack of supply are the main causes of the recent increase in the price of Bitcoin. Demand keeps rising while the fresh supply remains constant as more organizations and governments show interest. Additionally, history demonstrates that bullish momentum is primarily generated in the latter months of the year. Thereby it is mostly thinkable to get new all-time heights before the year comes to an end when the pattern continues