in 2013 it went up to $1000 which was huge high at that point and suddenly fell, and it took another 4 years to go to that price again.... same scenario here it went up to $20 000 in no time which is not natural at all. and suddenly has fallen down to $7000 now. i hope if its to hit $20 000 ever again, it will take another 5-10 years. whats your thought
Many exchanges are closed for new people, don't enable them to open accounts because they simply don't have strong servers that can hold that much load, Canda issuing their ETFs. To me this doesn't sound like we will wait few years, you above all have roobinhood entering the market and many more exchanges. You have many popular youtubers and influencers over social media who are talking about crypto or have at least one time said something about it which raises the knowledge about crypto in general. This is why I will say that we should see this year price hitting 20k if not more. You have many people that are encouraging others to "HODL" and buy the dip which is funny when I think of it, but at least it keeps price for not dumping even more.
Surge is happening, it will be good specially if some big countries start to offer some more regulation this year which will have good impact on the market overall since some people are still skeptic about crypto.
