For the price of btc to double (55k usd to 110k usd) it has to go from its current market cap of USD 1 trillion to USD 2 trillion. Then to double again (110k usd to 220k usd) it needs a 4 trillion market cap. Where is all this money coming from?
What money are you talking about here.? I thought we are talking about the price of bitcoin and how to double it with doubling also the market cap. And there are so many big investors who tend to buy and hold bitcoin, and big companies who invested into it. Why ask where is it coming from?
The people in 2021 saying btc will go to 10 mil or 100 mil etc what mathematics are they basing their predictions on? Or are they just making numbers up?
Others predicted the price of bitcoin as 1mil to 100mil but they definitely saying it that it will happen few years from now. Some just speculated it based on the previous history of btc, some also used technical analysis as their basis.