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

[Untomabur]

I myself still cannot say that in 2023 Bitcoin will go to $ 100k,
because now Bitcoin still has not reached a new All time high, but indeed now bullish dominates,
of course makes us happy, but try to think wisely so as not to repeat mistakes like in last year.

[Emitdama]

I would say 100k is too much, we are talking about something much bigger than what we are here and talking about trillions of dollars that would be rivaling all the big huge stock markets as a whole. What we need right now would be focusing on the 15k and 20k levels, do you guys think that 20k would be possible this year before 2021?

If that is possible that would be quite good, this time I am not going to sell at 20k and just going to wait. I am very happy about the fact that I sold at 20k and that is a great situation for me but this time if it happens I am going to wait, that would probably be a lot better. Just to prevent any bad mishap I would probably put a stop loss too. However for all of this to happen we first need to reach to 20k level to begin with and I wonder what you guys think about it.

[Question123]

Im not against to your prediction but we need focus to the reality of the price of the bitcoin is very far from the price now . What ever the value of the bitcoin to the next few years as long as I earn money even not very high but not very low Im okay with that and Im not expecting too much to the bitcoin value. But if that's gonna happen those holder have more than 10 bitcoin in their wallet will become millionaire.

[FanEagle]

100k itself is very high price and surely it will fall many times reaching their if it ever reaches at that price. Because 2017 after reaching around 20k and then the way it crashed and took years before reaching 14k and now let us see when it can reach 20k next and from top when it happens to fall then how much time it will take to recovery will give us an idea if we can see price above 50k as well o not.

The price doesn't need to crash all that easily next time it reaches 20k, it was just that one time and I am sure next time will not be the same. What people do not consider when talking about the ATH price is the fact that just a few months ago price was 1-3k range, the year started with 700 dollars per bitcoin, literally under 1k and at the peak it was 20k.

This caused a lot of people to have a lot of money, there were millions of people all around the world who got bitcoin under 10k and sold it above 15k in just few months, there was a rush towards selling everyone's bitcoin whenever they can. The difference today is that we have been at these prices for a long time, people who wants to buy already bought and people who wants to sell already sold, going to 20k wouldn't be a sudden shock to us anymore.

[blckhawk]

What do you think of these five price drivers?

Well, some of your drivers have a good point but for drivers 1 and 5 not sure though. You mentioned on the 1st one, the 2020 economic crisis will possibly lead Bitcoin to reach that amount but looking at the current situation we have now, some of the countries' economic status is now gradually recovered, and if this continues the crisis might end as soon.
For the 5th one, we don't know yet how DeFI can last long besides, DeFi is related to ETH not to Bitcoin.
But anyway, these are just speculation feel free to make your own presumption and look forward to it there's nothing wrong with dreaming after all, so yeah I'm with you waiting for $100k to happen.

[Spaffin]

100k itself is very high price and surely it will fall many times reaching their if it ever reaches at that price. Because 2017 after reaching around 20k and then the way it crashed and took years before reaching 14k and now let us see when it can reach 20k next and from top when it happens to fall then how much time it will take to recovery will give us an idea if we can see price above 50k as well o not.

The price doesn't need to crash all that easily next time it reaches 20k, it was just that one time and I am sure next time will not be the same. What people do not consider when talking about the ATH price is the fact that just a few months ago price was 1-3k range, the year started with 700 dollars per bitcoin, literally under 1k and at the peak it was 20k.

This caused a lot of people to have a lot of money, there were millions of people all around the world who got bitcoin under 10k and sold it above 15k in just few months, there was a rush towards selling everyone's bitcoin whenever they can. The difference today is that we have been at these prices for a long time, people who wants to buy already bought and people who wants to sell already sold, going to 20k wouldn't be a sudden shock to us anymore.

In my opinion, one of the most serious factors that influenced the fall of the cryptocurrency market in 2018 is the increased number of new fraudulent projects that fraudulently practically stole investment funds and withdrawn money from the cryptocurrency market. This situation first of all caused a huge distrust of cryptocurrency, and many investors took advantage of the possibilities of stable cryptocurrencies or fiat money to protect their capital from depreciation. Undoubtedly, at the present time, most investors already very carefully weigh their approaches to investing their funds and take into account the risks that they may face. That is why I am sure that the situation that is similar to 2017 and 2018 should not happen again.

[Chrystora123]

snip..
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)
snip..

I agree with reasons 1 - 4 but for the 5 it doesn't seem quite right for me.  I still see DeFi only HYPE and sooner or later it will sink.  Implementing DeFi in the general public is still very difficult because CeFi still controls the economic system, but let's hope DeFi can shift CeFi's dominance..

[darewaller]

People are looking at bitcoin differently nowadays because of the price and that makes me very happy, whenever the price increases there is a lot of people who come out of the woods and talk about how awesome bitcoin is, whenever it drops there are people who come in and say "is it dead? will it die?" and that upsets me a lot.

Let's hope that current situation continues a bit more, we really need people who are very much in love with bitcoin and that number of people increases or at least shows itself whenever the price increases like this, so we should keep these prices higher for a bit longer as well. We can't be so certain that bitcoin will continue to go up forever, eventually it will have a correction and go down a bit, but if we are strict about our future plans for bitcoin we can overcome that period easily.

[thecodebear]

snip..
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)
snip..

I agree with reasons 1 - 4 but for the 5 it doesn't seem quite right for me.  I still see DeFi only HYPE and sooner or later it will sink.  Implementing DeFi in the general public is still very difficult because CeFi still controls the economic system, but let's hope DeFi can shift CeFi's dominance..

Sure right now a lot of DeFi is hype just to get in and out when coins explode. But DeFi itself is a very legitimate killer app of blockchain - putting financial products on the blockchain. It's not another ICO where teams raise millions off of an idea, DeFi is a very legitimate product and I think we'll see heavy use of it as time progresses. This in general benefits the crypto market, which also benefits bitcoin as it brings new people into crypto and therefore also Bitcoin. Plus it directly benefits bitcoin because people will be locking up bitcoin in these wrapped tokens as their entry way into Ethereum's DeFi products. I definitely think locking up Bitcoin into DeFi products will be part of the boom on this current market cycle. It might only be a few hundred thousand locked up bitcoin in DeFi, but still thats a lot!