What event could trigger new bull run and ATHs?

[kaya11]

I believe all of the reasons that OP stated on the original post are valid, it had certain impacts on the market big or small we can't deny it. Remember when Musk denied Bitcoin payments due to high fossil fuel usage for making transactions in the network, what damn reason and his company are burning way too much to produce his cars. Well the truth is the market was struck and got to where it is now. The current trends and global occurrences like wars etc are also factors, pandemic and other natural phenomenon. So much to add but the reason can also be unknown at certain times and people just go with the flow.

[dezoel]

While I agree that Tesla's investment intensified the bull run over the first quarter of 2021, it definitely did not start it.
Tesla is estimated to hold about 50,000 BTC.

I honestly think that the 1.5 billion dollars from Tesla itself wasn't a big deal, the news of it however was a big deal. People do not understand the difference of it, and I tried to explain it many times but most people ignore it. When a company wants to buy a huge sums of bitcoin they usually end up doing it over the counter, all those coinbase and binance like companies make so much bitcoin that they can't sell it all because it would destroy the market price and make it go down a lot, so they hold it until they find a big deal and when companies like Tesla end up saying they want to buy 1.5 billion dollars worth, those companies do a OTC deal to make it happen from the market price give or take, and that means it doesn't change the price at all since it doesn't happen inside the market, it happens over the counter.

However, the hype created around the news of it causes it to get so much attention inside the market that people keep on buying and buying and increasing the price.

[Betwrong]

~
I don't understand what drives demand for bitcoin or what starts these crazy bull markets it finds itself in every few years, and I only wish I knew what would start the next one.  I'm not even sure if anyone knows what caused the previous bull runs, because if I recall correctly, there wasn't anything besides the halvings to account for them.  Your guess is as good as mine.

MTE. Just look at my post above! I was kinda hoping that someone had the answers regarding the previous bull run, tbh, but, apparently, although it was interesting to read some theories here, no exact answers were given.

Yet I still think that although we can't be 100% right about anything where humans involved, because of the human factor, we can be pretty close, because today scientists are saying that that "Human behavior is 93 percent predictable". I mean, if we can predict whereabouts of the "spontaneous" humans, maybe we can predict their investment behavior too? To a certain degree, of course, but it's possible.

[Marvelman]

~
I don't understand what drives demand for bitcoin or what starts these crazy bull markets it finds itself in every few years, and I only wish I knew what would start the next one.  I'm not even sure if anyone knows what caused the previous bull runs, because if I recall correctly, there wasn't anything besides the halvings to account for them.  Your guess is as good as mine.

MTE. Just look at my post above! I was kinda hoping that someone had the answers regarding the previous bull run, tbh, but, apparently, although it was interesting to read some theories here, no exact answers were given.

I always thought that the latest bull run was due to a mixture of these three factors:
reduced supply after halvng,
the emergence of institutional investors,
and a general positive sentiment toward cryptocurrencies.

[Fatunad]

~
I don't understand what drives demand for bitcoin or what starts these crazy bull markets it finds itself in every few years, and I only wish I knew what would start the next one.  I'm not even sure if anyone knows what caused the previous bull runs, because if I recall correctly, there wasn't anything besides the halvings to account for them.  Your guess is as good as mine.

MTE. Just look at my post above! I was kinda hoping that someone had the answers regarding the previous bull run, tbh, but, apparently, although it was interesting to read some theories here, no exact answers were given.

I always thought that the latest bull run was due to a mixture of these three factors:
reduced supply after halvng,
the emergence of institutional investors,
and a general positive sentiment toward cryptocurrencies.

Its always been like that since those are main factors which we can presume the main reason of such pump or rally which its even with that basic economics class talking about supply and demand.

Also with those unexpected Fuds and Shills which is highly reactive when it comes to those things and this is what makes even more harder to predict on where price could possibly go.

Thing here is that you do know on how to ride and make benefit or profit out of those movements just like as always.

[rosebrand]

The law of damand states that the Higher the demand the higher the price of the commodity, what can possibly push the price of bitcoin back up is whales accumulating at this dip. If the rate of buys increase prices will moon and also the market works with the news of happenings in the crypto world, if there is good news there will be a higher demand and price will moon but if there is a bad news people will start selling off which will now make prices to drop low.

[fullhdpixel]

There is a rumour that Amazon is going to accept Crypto as payments due to their job advert for a  “digital currency and blockchain product lead” for the platform’s payments team.

This could be the catalyst that brings it into the $40k's, but will need something like an ETF confirmation to bring it into 6 figures. I think something like the Wisdom Tree ETF will take it above 100K

I was assuming they were after making their own blockchain system and not accept crypto. I do not of course know what they are going to do, I have zero clue and I am sure even 99% of all the amazon workers do not know what is going to happen neither, only the people at the top. However, considering the technology blockchain brings and what kind of business amazon doing I feel like it could help them a ton.

Think about all those data that goes through amazon actually being on blockchain and distributed p2p? That would make sure that they are running on all cylinders every single second without any down moment ever, even amazon servers sometimes goes down and they are known to be the best out there, so blockchain helping them out could be something they could test out, not too much but maybe like in a small scale at first and see how it goes? I am just spit balling here of course.

[Shenzou]

The news about amazon possibly starting to accept bitcoin as a payment and their silence to deny the news, has made people think about if it is going to be happening and made a lot of investors go into it, because i am sure if big companies start accepting other will do the same and we will see more and more of the crypto industry developing and we will see bitcoin reaching some high prices.

[LUCKMCFLY]

For now as the market is going I see that many influencers are beginning to contribute, in the case of Elon Musk spoke well of BTC and has caused a good impact on BTC, however it is likely that events such as possible definitive vaccines for Covid-19 or Possible announcements by rulers to adopt BTC can be of great help to BTC.
Since El Salvador began with the adoption of BTC, then Paraguay and after seeing the delegation of El Salvador in the Olympics with the announcement of BTC, things have started to improve, for now I see these small details that do make a difference. It is necessary to emphasize that for now Elon Musk is trying to regain his influence or that his followers trust him again.

[Twinkledoe]

Wow! When the OP created this thread 3 years ago, at that time, the btc price was only at about $9k level and look at what we have now. Even if there is correction happening, we somehow achieved again the $40k level. If he bought some btc and hold that long, his stash is now more than fourfold.

The news about amazon possibly starting to accept bitcoin as a payment and their silence to deny the news, has made people think about if it is going to be happening and made a lot of investors go into it, because i am sure if big companies start accepting other will do the same and we will see more and more of the crypto industry developing and we will see bitcoin reaching some high prices.

They are denying right now but I believe, the plans of accepting crypto maybe in the pipeline. Someone just leaked it early so they are denying it. Once they actually announce about btc acceptance, I guess, this will create positive boost in the market.

[Smartvirus]

Hello, got thinking what most of newbies are awaiting so eagerly right now... When the new bull run will begin and will it break current records?

Or more specifically what could trigger such viral bull run?

Could it be the single billionaire whale entering the market?
Could it be the fiat-to-crypto major exchange pairings?
Could it be the major company, such as TESLA or Facebook or Amazon introducing their own coin?
Could it be the some major company such as Ebay or Amazon accepting crypto payments?

What is your idea? what could push it? 

For sure thses thing might offer some relevance to the topic but then, I really wish, it ain't about these things, these companies or the whales that comes to determine which way the market would go at certain point in time. Its Achnasheen in era that is gradually becoming so real that I ain't comfortable with.  Before hand, the market has been moving on its own and the major constraints to these movements where not exactly pinned down to be related to some big company or investors or whatever but know, it seems, crypto investors has so handed the market into the hands of the whales that they feel, they could manipulate the market which ever time they want. They don't limit there options to fake news in order to make this happen and isn't cool. We ought to take this influence back from them else, it would just be the ways making profits off us at every point in time.

[Dread Pirate Roberts]

News about regulation and about big companies will adapt or support bitcoin seems to have a very good impact on the price of bitcoin. now bitcoin depends on adaptation of many parties. like a few days ago about amazon . even though it has been claimed that it is fake news, the market has a positive impact on it. imagine if it's true. surely the price of bitcoin now will continue rising.

[sunsilk]

I've looked at the date when OP has made this thread and no one replied for that year what will trigger the next bull run. And here we go, looks like some of his question did came into reality but with a bit of modification.

Like about Tesla and Amazon, these two were the reasons why we're up a bit lately but eventually the rumor about Amazon was also verified that it wasn't true.

And with his first question about a single billionaire, I guess that it could be portray by Elon Musk.

[ali1177]

I think big companies like amazon when they will start accepting bitcoin could start bull Run in cryptocurrency market because Amazon has large users from all over the world when people buy bitcoin the demand of bitcoin will rise exponentially then we can see huge money in cryptocurrency Market.

[Vishnu.Reang]

IMO, the next bull run won't be solely dependent on any one event. There will be multiple events, occurring near simultaneously. This can be recognition as legal tender by multiple countries, eCommerce giants like Amazon/Ebay accepting BTC or sovereign countries adding Bitcoin to their forex reserves. My medium-term (2-3 years) forecast is $250,000 per coin, and in order to reach there we need multiple triggers. The challenges remain at the same time, and one thing that bothers me is the increased hostility from the Biden administration after Democrats won the POTUS elections in 2020.

[Ozero]

The news about amazon possibly starting to accept bitcoin as a payment and their silence to deny the news, has made people think about if it is going to be happening and made a lot of investors go into it, because i am sure if big companies start accepting other will do the same and we will see more and more of the crypto industry developing and we will see bitcoin reaching some high prices.

In order for good news for cryptocurrency to work properly, in addition to the content of this news, the time when such news appears is also important. In my opinion, in these summer months, almost any good news cannot give the same impetus for price growth that the same news could have provided in November-December. Therefore, good news now can raise the price of the cryptocurrency, however, it is unlikely to lead to large sustainable growth with the achievement of new price records. I am still calmly awaiting the second half of autumn. This is always a good time for cryptocurrency.

[Obito]

A positive news that can reach other countries is going to be the biggest reason for a possible bull run and ATH, something like what Tesla announced of their purchase of bitcoin worth 1.5 billion dollars, a similar news like that can possibly cause another uptrend.

[Betwrong]

Wow! When the OP created this thread 3 years ago, at that time, the btc price was only at about $9k level and look at what we have now. Even if there is correction happening, we somehow achieved again the $40k level. If he bought some btc and hold that long, his stash is now more than fourfold.

The news about amazon possibly starting to accept bitcoin as a payment and their silence to deny the news, has made people think about if it is going to be happening and made a lot of investors go into it, because i am sure if big companies start accepting other will do the same and we will see more and more of the crypto industry developing and we will see bitcoin reaching some high prices.

They are denying right now but I believe, the plans of accepting crypto maybe in the pipeline. Someone just leaked it early so they are denying it. Once they actually announce about btc acceptance, I guess, this will create positive boost in the market.

Yeah, they are denying, but it looks like people don't believe them much. OR, maybe Martin Leo Rivers, the author of the article in Forbes called "Bitcoin Didn’t Care About Tesla, And It Doesn’t Care About Amazon Either" is right saying that "bitcoin’s price swings are largely influenced by technical indicators–patterns and trends on charts–as opposed to fundamental events"? Of course "largely" doesn't mean "solely", and the author himself admits that significant, credible news do impact bitcoin’s short-term price, but I'm still wondering is he right about "largely"?

[herurist]

Usually, it's the halving that makes the bullrun kick which they call cycle every 4 years already. Since the beginning the halving is what always happens.
But the length of 4 years also makes the prices at its bottom. Billionaires and major companies come in because they know when is the right time to dive into the market and blogs make it appear like they are the ones pulling the market up to trigger the bull run. 

it's true that halving always kicks in and it's very significant if you look that way, but apart from halving actually if we look closely there are several supporting factors such as the entry of a company or a developer that makes pumps so that btc can also rise drastically, just a few examples last month where musk claimed to buy $1.5B Btc which made a drastic spike because apart from the adoption of course the supporters of musk did the same thing so that it made a spike to the new ath

[Oasisman]

The news about amazon possibly starting to accept bitcoin as a payment and their silence to deny the news, has made people think about if it is going to be happening and made a lot of investors go into it, because i am sure if big companies start accepting other will do the same and we will see more and more of the crypto industry developing and we will see bitcoin reaching some high prices.

Not as easy as you think. Though there are few business men and big companies accepting Bitcoin, but there were also those who's trying to manipulate Bitcoin's price by creating FUD and not accepting Bitcoin as a means of payment.
Best example is Elon. That man's inconsistency towards Bitcoin is a clear sign of manipulation.
However, we're still optimistic about Bitcoin's global adoption, especially merchants accepting Bitcoin.