What will have the biggest impact on the Bitcoin price?

[aso118]

It surely would be nice to find that graph. Ans surely I'd say that the biggest POSITIVE impact on Bitcoin's price would happen if pension funds would invest in Bitcoins. However, we could think also at Black Swans even - like for instance Satoshi Nakamoto suddenly putting on sale his 1 Million Bitcoins. This also would have one of the biggest impact on Bitcoin's price...

Pension funds usually have a clear mandate about where they can deploy their funds. In spite of how Bitcoin and other cryptocurrencies have grown, they are a risky asset class. Maybe when we have more regulations, a well developed market with crypto-ETFs, then maybe some pension funds could consider investing in cryptocurrencies. Until then, it will be a strict no-no.

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[crzy]

The attitude of governments to bitcoin.

I see this as the biggest impact on the price movements of bitcoin though a lot of factors to be consider but over the past months many countries are banning bitcoin and you can feel the price drops so fast. But the good thing is they ended up regulating bitcoin, I am hoping for the support of every government on this kind of technology.

[HoaNguyen]

The price of Bitcoin or other cryptos in the cryptocurrency market today is heavily influenced by news in the media as well as by governments. Although the rate of Bitcoin is very high, it will increase steadily, but it will drop very quickly if there is negative news about it. This makes sick people take advantage of it to write bad news about Bitcoin to reduce the Bitcoin exchange rate.

[pitiflin]

Just imagine what would happen if only 20% of the money invested in Gold, could find it's way into Bitcoin for instance. Gold is just one of the precious metals.

20% of gold that will ever be mined will account to 7.5 trillion dollars*20%, that will be 1.5 trillion dollars. Do you think that will ever happen? I definitely don't see such a ridiculous thing happening.

Just imagine what will happen if people stopped saving money in Banks at low interest rates and rather invested that into Bitcoin. 

But people won't. They trust banks just because they are centralized. People apparently don't like decentralization even though they like it.

[blue_nexus15]

Market psychology is a very important factor in the value of bitcoin. So the bad news with bitcoin made many investors confused and sold bitcoin at extremely low prices, which is why the number of bad news is constantly coming up and especially coming from China. Now you understand why China is always the country that holds the most bitcoins.

[traderethereum]

The price of Bitcoin or other cryptos in the cryptocurrency market today is heavily influenced by news in the media as well as by governments. Although the rate of Bitcoin is very high, it will increase steadily, but it will drop very quickly if there is negative news about it. This makes sick people take advantage of it to write bad news about Bitcoin to reduce the Bitcoin exchange rate.

they don't realize that what they do could make the other people which don't have a good knowledge in cryptocurrency especially in bitcoin become afraid and worry and they selling their bitcoin with fast and this will impact to the price that will get down too fast. although the bitcoin price increases steadily, it seems if the price is down, we can see that the price is down too far and people become panic.