Top 5 reasons I see $100k in next 2 years

[milewilda]

The Crypto market is full of possibilities especially when halving effect takes over the market but that doesn't mean the bitcoin market has the chance of clinching $100k price range in 2 years even with the economic crisis and increase in money printing. About the companies using BTC as their reserve currency, I don't want us to build our hope on false information because no adequate information or evidence was provided that the information is indeed the truth. About Defi hype and locking away Bitcoin use, Defi is just a hype project and didn't have the capacity to lock away bitcoin uses. However, I hope people are informed about the danger in it.

Anyway, it is free to speculate and later on people will realize that there's more to it. We can give a lot of reasons why it will attain such level or decrease its value to this level. But one thing for sure, bitcoin will stay in the market for the next couple of years but we don't know exactly how much its worth would be. Try to be realistic as much as you can so you will not be disappointed if your expectations will not happen.

You understand my point cause the aspect of false speculation and not being realistic is the reason why I don't support the people mathematically making a prediction which could beguile beginners into deficit cause they are the most fragile which can be enticed by prediction and ROI which is what we see when twitter hacking happened.

People will surely soon realized that things arent really working on what those people had predicted.Sooner or later when they do lost up money then they would realize or know that those arent just unrealistic
kind of predictions. 6 digits price in a matter of 2 years? If we just base of on the 10 years of movement in price with btc or shall we say into the entire market then you can really able to picture out that
it wont really be that easy and also considering on the current economic situation globally then i cant really see that reaching these levels would be easy.This is why when someone do make out calls
or making speculations like these, i do automatically ignore and for those people who do get fooled on such belief then they'll surely realize it later on.

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[justdimin]

I do see that 100k is totally possible and it really could work out very well for the crypto world as well, if the price goes up, the more price goes up the more money will go into it, that is why I think there is a big chance that bitcoin would go up a lot because when it goes up it continues to go up. Like think of it this way, if bitcoin goes to 20k tomorrow, it would be easier to reach 30k after that as well, and even easier to reach 40k after that, it just gets easier and easier.

The only thing that hurts is the fact that sometimes people with a ton of bitcoin decides to take out profit and sell tens of thousands of bitcoin all at the same time which stops the going up and that causes the price to suddenly plummet to earth, as long as that doesn't happen 100k is totally possible.

[electronicash]

Basically, inflation + money printing that can go into Bitcoin + desire for hard money + institutional investors and companies getting more comfortable with the idea of bitcoin + halving + DeFi + obviously the ensuing retail frenzy that will result once price starts heading north of ATH = $100k+ peak by end of 2022.

Normal link to Medium article

Friend Link to Medium article in case you can't see it behind the pay wall.

What do you think of these five price drivers?
Do you think there are different main drivers of price this market cycle or you don't think some of these will pan out?

peak by 2022 seem a wait. but i believe on the top 5 list that will bring its price to its new ATH. adoption like companies coming to use BTC this time will make people come to bitcoin and eventually become an investor. new people coming into crypto means a flow of money from new comers too.

The DEFI and halving still is one of the cause that will drive the price to go incredible up.

[TIDOVEE]

Alright this is a little self promotion haha. I wrote an article on Medium so I'm gonna post a link.

But in case you don't want to read the article, here's the list of five big movers I see making Bitcoin go to $100k in the next two years.

1. The 2020 Economic Crisis + Money Printing
2. Institutional investors continue to tip-toe into the market
3. The recent Halving plus just normal market cycle dynamics (meaning we're naturally in the upswing part of the cycle now)
4. Companies switching to BTC as their reserve currency (just saw the first instance of it this month, I would guess more will follow with at least a few percent of their cash reserves)
5. DeFi (raising the whole market but also locking away Bitcoin for use in DeFi)

Basically, inflation + money printing that can go into Bitcoin + desire for hard money + institutional investors and companies getting more comfortable with the idea of bitcoin + halving + DeFi + obviously the ensuing retail frenzy that will result once price starts heading north of ATH = $100k+ peak by end of 2022.


Normal link to Medium article

Friend Link to Medium article in case you can't see it behind the pay wall.


What do you think of these five price drivers?
Do you think there are different main drivers of price this market cycle or you don't think some of these will pan out?

All this speculations are looking feasible , with point 1, the economic crises will help more adoption of cryptocurrency and with that we should also prepare to see the government take taxes on it more serious especially at those countries & government that are yet to understand cryptocurrency.
Then do you mean, cryptocurrency note printing?
If yes, there will also have to be some amendment  in some of its general characters such as being only digital. And I think that will really help.

[naikturun]

maybe one of the reasons you mentioned above could be the cause, if the economy continues to weaken and investment in other fields has decreased, maybe investors will put their money in crypto and make a sizeable growth in value.
hmm 100k $ I don't think it's impossible.maybe people in 2010 weren't sure that bitcoin could even touch 1k $ but the fact is it happened, it's crypto and anything can happen here even if it looks impossible.

[slaman29]

peak by 2022 seem a wait. but i believe on the top 5 list that will bring its price to its new ATH. adoption like companies coming to use BTC this time will make people come to bitcoin and eventually become an investor. new people coming into crypto means a flow of money from new comers too.

The DEFI and halving still is one of the cause that will drive the price to go incredible up.

Halving effect not here yet. Defi effect will lose its touch soon if not end of the year then maybe next year.

Peak in 2020 for sure not possible as halving happened too soon, we need at least one year so May 2021 is the earliest. 2022 is more likely if not even 2023.

[Ridwan Fauzi]

The only thing that hurts is the fact that sometimes people with a ton of bitcoin decides to take out profit and sell tens of thousands of bitcoin all at the same time which stops the going up and that causes the price to suddenly plummet to earth, as long as that doesn't happen 100k is totally possible.

The person/party who have a lot of bitcoin (whales) will have the same thing, they must take a profit from bitcoin they had. As long as they get profit they will not leave in this market, it means when they sell all bitcoin in any price and make bitcoin price down a lot but we will see as well bitcoin price will up drastically because they will buy back again.

So, I don't think that this thing has done by them, bitcoin's price will have high price if there are a lot of people who trust it and know that bitcoin is worths than anything. I see the five reason that has mentioned in the OP make more sense rather than your statement.

[gentlemand]

Here's some fresh kindling -

https://www.sec.gov/news/press-release/2020-191

The SEC are loosening the terms for being an accredited investor. It's not all net worth based now.

'The amendments allow investors to qualify as accredited investors based on defined measures of professional knowledge, experience or certifications in addition to the existing tests for income or net worth.  The amendments also expand the list of entities that may qualify as accredited investors, including by allowing any entity that meets an investments test to qualify.'

That may open up further investment into crypto fun. Not sure what sort.

[el kaka22]

The thing is, if you prepare yourself for $100k, even if it goes to $30k you may end up losing money. While everyone 3x their profits, you will be out there losing money because you expected $100k and just got $30k instead, which could end up with a loss.

However if you wait for $20k and end up with $30k you could either make a 2x profit or you could make a profit even more, and you would be happy. That is why people go with the "I will say I won't get it, if I end up getting it I will be happy, if I don't I would be ready" type of logic in many things, that is why I think we should have that thought here as well.

Still some people go with "shoot for the stars, if you miss you land on the moon" type of (astronomically wrong) thing, so maybe they are right? I don't know.

[whyrqa]

Many skeptics have a negative attitude towards halving and the results to which it leads. In my opinion, it is worth paying attention to halving 2020 as the reason for the future growth in the price of Bitcoin. In any case, in the fall of 2012, miners were paid 25 BTC per block. At the same time, a year after this event, bitcoin rose in price almost 407 times. And already in the summer of 2016, manners received 12.5 BTC after the halving. But again a year later, the maximum value of bitcoin reached $ 20,000. Based on this, I am convinced of a similar development of events after the halving of 2020 and we will achieve possibly high results in the summer of 2021.

[gentlemand]

https://www.forbes.com/sites/michaeldelcastillo/2020/08/26/fidelity-president-files-for-new-bitcoin-fund

We're going to see more and more of this in the coming years too. It's easy to forget how little involvement professional money still has in this space. It's a genuinely piddly amount despite the noise we give it. In another five years I expect most places to have some options for BTC.

[smyslov]

I do see that 100k is totally possible and it really could work out very well for the crypto world as well, if the price goes up, the more price goes up the more money will go into it, that is why I think there is a big chance that bitcoin would go up a lot because when it goes up it continues to go up. Like think of it this way, if bitcoin goes to 20k tomorrow, it would be easier to reach 30k after that as well, and even easier to reach 40k after that, it just gets easier and easier.

The only thing that hurts is the fact that sometimes people with a ton of bitcoin decides to take out profit and sell tens of thousands of bitcoin all at the same time which stops the going up and that causes the price to suddenly plummet to earth, as long as that doesn't happen 100k is totally possible.

We can't blame these whales they want to make profit, they always do this ever since, but I don't think they dump will all their shares they have a market to protect, they don't want new investors to think that it's the end of Bitcoin, this is what happens when a big portion of the supply is in the hands of the few, they can always manipulate the market.

[Salamstar]

What do you think of these five price drivers?
Do you think there are different main drivers of price this market cycle or you don't think some of these will pan out?

The current situation motivates the price of one BTC to reach 100 thousand dollars more than ever before, as BTC is now known as a valid competitor for storing value by the most powerful financial institutions in the world. When the BTC price rises, more people are talking about the cryptocurrency, and there is a lot of media coverage, which contributes to the occurrence of FOMO and people resort to storing bitcoin.

[wiss19]

I remember the dude who bought pizzas for 10k bitcoins talked about the situation and he wasn't really all that worried about it, he mined a ton of them, he bought them even cheaper and he made a profit of them, that wasn't last of his coins neither, he sold a lot of them even later but before the 2017 peak times, so 10k for pizza wasn't his only mistake, he sold tens of thousands of bitcoin way before it meant anything, he spent few dollars and made few hundred dollars, when he could have been a millionaire, even more.

So, that is why I think we should not look at it like if we made a profit or not, even when you make a profit, you might be missing out on the future profit, you could buy at $10k and sell at $20k, but the price might have go to $30k and you might have missed money to be made.

[DevilSlayer]

The Crypto market is full of possibilities especially when halving effect takes over the market but that doesn't mean the bitcoin market has the chance of clinching $100k price range in 2 years even with the economic crisis and increase in money printing. About the companies using BTC as their reserve currency, I don't want us to build our hope on false information because no adequate information or evidence was provided that the information is indeed the truth. About Defi hype and locking away Bitcoin use, Defi is just a hype project and didn't have the capacity to lock away bitcoin uses. However, I hope people are informed about the danger in it.

Anyway, it is free to speculate and later on people will realize that there's more to it. We can give a lot of reasons why it will attain such level or decrease its value to this level. But one thing for sure, bitcoin will stay in the market for the next couple of years but we don't know exactly how much its worth would be. Try to be realistic as much as you can so you will not be disappointed if your expectations will not happen.

You understand my point cause the aspect of false speculation and not being realistic is the reason why I don't support the people mathematically making a prediction which could beguile beginners into deficit cause they are the most fragile which can be enticed by prediction and ROI which is what we see when twitter hacking happened.

Hype is the main reason why a lot of investors or traders are keep losing money, they keep believing on false speculations from those self proclaimed guru. There is nothing wrong in speculation but make sure that a certain speculation should be attainable and possible especially if you will follow it. It is better to learn technical analysis than to speculate without prior data and information. The price is made of candlesticks which represents the emotions of the traders and investors, if you able to read chart then you will have an idea on where the price will go. Unlike in speculation the price is just basing on guess and hype.

Even though that there is a popular phrase which is the market is full of possibilities, $100,000 for me is too much expectation and 2 years is not enough to achieved it. Right now even though we are in uptrend, the price of the bitcoin have having a hard time to stay above $12,000 and it is now in the line of breaking down where its price is now in the support levels.

[bearexin]

Governments pushing the fiat currency to be a lot less valuable is a cool part of why bitcoin and gold will go up. I know that not many people have followed gold in the previous months here because this is mainly a bitcoin place, but you should have seen gold, it has been doing awesome and it has gone up a lot. Plus in some nations things are a lot worse and that means in those nations crypto and gold got even more attention as well.

When people do not see profit in fiat and think that it is getting less and less valuable they actually do end up with investing into other stuff. I personally believe crypto is the better option of all the available things. This doesn't mean it will hit 100k in 2 years but it just means there is that possibility of it going really high.

[smyslov]

I believe that this will happen, if something that this pandemic brought us is the need to be cashless and do not rely on fiat on our everyday transactions, here in our country our government strictly enforced staying at home and only those who needs to go out could go out with quarantine pass, and they highly recommend to every stores to do cashless transactions to avoid contact, so after this pandemic Cryptocurrency cashless transaction will play a big role when we get back to normal.

[taufik123]

-snip-
The only thing that hurts is the fact that sometimes people with a ton of bitcoin decides to take out profit and sell tens of thousands of bitcoin all at the same time which stops the going up and that causes the price to suddenly plummet to earth, as long as that doesn't happen 100k is totally possible.

In the world of cryptocurrency all price predictions are possible, but it also affects the decisions some people take to hold or sell them. people with thousands of bitcoins will certainly have a bad effect on the bitcoin market when they decide to sell it, and a panic sell will occur so the market will dump even deeper.

it is all market manipulation by whales and they get a lot of profit from the manipulation.

100k may be achieved, but the estimated time required is unknown, as market manipulation continues. flash pump and dump will occur suddenly.

[STT]

I have the opposite view on manipulation and the market, even whales live in the sea which adheres to the tides and waves far greater then any of the occupants.    The tide change is a saying that applies to many things including natural markets, if we say the market rises because of whales we should see that as weakness and sooner or later it will collapse as its a fake construct.
    This is what critics of Bitcoin expect and project is the basis of all crypto trading, that its inflated and false serving no purpose without utility to it.    Its just not true, Bitcoin fills some need for digital transactions online without requiring an intermediary between countries, people or companies.   If it has a backbone of actual use, utility given uniquely then this is what really drives BTC base line worth.   Tons of speculation can occur but its not the engine for driving us upwards imo.

[carlisle1]

Governments pushing the fiat currency to be a lot less valuable is a cool part of why bitcoin and gold will go up.

Sorry but which government has this urging?Pushing Fiat to be less valuable for Bitcoin?have not read any articles about this Mind to please share me?

I know that not many people have followed gold in the previous months here because this is mainly a bitcoin place, but you should have seen gold, it has been doing awesome and it has gone up a lot.

Why would Cryptonians Move into Gold when the physical form of this is lowering when time to sell than the price when you bought?

Plus in some nations things are a lot worse and that means in those nations crypto and gold got even more attention as well.

What?Nations that is worse form Gold and Crypto are gaining attention?where did you Get this idea?

When people do not see profit in fiat and think that it is getting less and less valuable they actually do end up with investing into other stuff. I personally believe crypto is the better option of all the available things. This doesn't mean it will hit 100k in 2 years but it just means there is that possibility of it going really high.

Where in the world that people are looking for profit in Fiat?fiat is not an investment(of course asside from stupid banks that offers 1-5% annually )
Fiat Supposed to be invested in Businesses to make grow and that is far different in investing in crypto.