In the image below, we can observe that from 2012 until early 2020, the balance of bitcoins in the exchanges was growing, probably because people used it for speculative purposes or for exchanging goods. I myself entered Bitcoin in March 2020 and noticed that this thing had started being taken more seriously; lots of investors considered Bitcoin as a safe haven, there was a lot of panic during the quarantine, people felt safe with Bitcoin and it didn't disappoint them. A chaotic madness was dominating.
The Bitcoin supply was shortened while the demand for bitcoins keeps increasing and I'm afraid that the market price won't move similarly to how it did in the previous halvings. In this one, a country made a legal tender. El Salvador kicked the hornet's nest and the swarm is headed towards us!
I believe that if the supply from exchanges keeps decreasing, due to people's strong hands
or their “beliefs”, the $100,000 is a joke to what this future holds. The more strength these hands have, the more the demand. I created this in the Bitcoin Discussion, because I'm not speculating anything; I just want to share my view upon this and read your thoughts about this decade.