How come BTC is not at least $75,000 yet?

[Maestro75]

The rich
The rich will always go to the bank and borrow the savings of the  poor and become richer.

Alot of people do not know this about the influence of the rich on the banks. But I disagree that the poor take their money to the bank. The poor do not have enough cash to operate an account. The little they get are kept in their homes for daily feeding and they do keep it under their pillows or under their beds. Those who have savings in the bank are not poor. They are average or middle income earners.

[1715336720]

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[amishmanish]

How about the money that went into alts instead of BTC as another reason? It's possible that $75K would have been reached if there was only BTC.

I've seen a diagram showing the flow of money in different phases of a bull market and it's something like Fiat > BTC > Large Caps > Medium Caps > Low Caps/Gems then goes back to fiat/stable coins once the market turns bearish. The process is repeated market cycle.

That would raise the question that why wouldn't that money funnel into those alts considering that Bitcoin does not have the functionality to support smart-contracts at the same scale and ease that ethereum does.

Bitcoin is also an important part of the DeFi built on smart-contracts due to the sheer amount of liquidity that BTC users provide, yet the whole space is getting more and more decoupled. We would certainly start seeing more price oscillations between BTC and the rest of the crypto ecosystem. Frankly though, this whole space would have been a lot better if there was only BTC and ETH without all of these useless Alt-chains with VC backed PoS structures.

[Bitstar_coin]

How about the money that went into alts instead of BTC as another reason? It's possible that $75K would have been reached if there was only BTC.

I've seen a diagram showing the flow of money in different phases of a bull market and it's something like Fiat > BTC > Large Caps > Medium Caps > Low Caps/Gems then goes back to fiat/stable coins once the market turns bearish. The process is repeated market cycle.

You're somewhat right,  lot's of money is also going into metaverse, nft, defi and what have you these days so it is no longer just btc, many investors have diversified, they believe there is more money to be made in these macros projects than in btc,

besides, the price to buy 1 btc is already high and it will be hard to x5, x10 or so from it than from these low cap projects,  but these are just a small percentage of people compared to the vast majority of institutional investors in btc imo,
But I think this is not only the reason why btc isn't above $75k by now, probably this constant negative fud is also affecting it's growth somehow.

[Abiky]

You're somewhat right,  lot's of money is also going into metaverse, nft, defi and what have you these days so it is no longer just btc, many investors have diversified, they believe there is more money to be made in these macros projects than in btc,

besides, the price to buy 1 btc is already high and it will be hard to x5, x10 or so from it than from these low cap projects,  but these are just a small percentage of people compared to the vast majority of institutional investors in btc imo,
But I think this is not only the reason why btc isn't above $75k by now, probably this constant negative fud is also affecting it's growth somehow.

Exactly. Most investors are focused on "De-Fi", NFTs, and the metaverse, leaving Bitcoin behind in the dust. Of course, that doesn't mean interest into the pioneer cryptocurrency has declined. We've entered a bearish period as the hype has temporarily faded away. As soon as the next halving comes up, Bitcoin's price will never be the same as it is right now.

I'd say $75k is feasible due to BTC's extremely limited supply. It may not be worth that now, but it will be in the future. Remember, patience is key towards achieving success in this wild and crazy world of crypto. As long as you don't spend all of your Bitcoin, you will be fine. Just my thoughts

[BlackHatCoiner]

Pretty simple.

1. A lot of people(especially in 1st world countries like the US) are living comfortably thinking they they don't need bitcoin.
2. A lot of institutional money(or people in general) still think that bitcoin is a scam/fad.
3. Still, even today in 2022, only a very small majority of people(and bitcoin holders) actually knows it's importance. Most are here thinking that it's a get-rich-quick scheme.

I'm adding others too;

4. Some are afraid from the price fluctuations and consider it financially risky move, which is not true if you zoom out and see how it moves averagely.
5. Some believe altcoins are better than Bitcoin, which I don't want to opinionize as it's off-topic.
6. Some are misinformed.
7. And finally, there are people whose character doesn't fit in Bitcoin. Antithesis is a living example.

Granted we are sitting at a weird price today that in my opinion is heavily under the intrinsic value but you have to admit that if you zoom out you see a significant rise.

What's the intrinsic value we're under of? Based on what? S2FX?

[noormcs5]

Bitcoin is long term investment i think. People who lucky were they didn’t panic sell when bitcoin dropped and under $34k.Few years people interested in cryptocurrency investment increase day by day.For me,im very lucky to buy when bitcoin price under $34k and I'm long term holding bitcoin i hope bitcoin price will be more increase and more development i think bitcoin price will hit $75k+ next 1-2 years.

Bitcoin dropped to 33,000$ and many people have sold their holding at that point because of the overall fear in the market. Now those people would be regretting as bitcoin is now 43,000$. People need to understand that at the macro level the bitcoin is bullish and it will remain bullish. The corrections will come in between and sometimes the correction can last for 3 months, 6 months or even a year. The reason for these corrections is that bitcoin is usually move parabolic upwards and people who bought bitcoin at lower price, they book their profits and then buy back again at lower prices.

[isaac_clarke22]

~

I kind of half-agree with this. Maybe they knew that Bitcoin is top of all in crypto but since it is kind of too expensive right now to buy, they're turning their money to these whatever trends you mentioned. I do not agree that it literally "gets left in the dust", otherwise it's a shitcoin right now and there are still many strong holders out there regardless of the trends in here.
Who knows where Bitcoin will be in the next halving as well? I kind of forgot of that as well.

[Kasabus]

Bitcoin is long term investment i think. People who lucky were they didn’t panic sell when bitcoin dropped and under $34k.Few years people interested in cryptocurrency investment increase day by day.For me,im very lucky to buy when bitcoin price under $34k and I'm long term holding bitcoin i hope bitcoin price will be more increase and more development i think bitcoin price will hit $75k+ next 1-2 years.

Bitcoin dropped to 33,000$ and many people have sold their holding at that point because of the overall fear in the market. Now those people would be regretting as bitcoin is now 43,000$. People need to understand that at the macro level the bitcoin is bullish and it will remain bullish. The corrections will come in between and sometimes the correction can last for 3 months, 6 months or even a year. The reason for these corrections is that bitcoin is usually move parabolic upwards and people who bought bitcoin at lower price, they book their profits and then buy back again at lower prices.

Investors should know that a correction aside from creating an ideal time to buy high-value assets at discounted prices, it will also push the price of bitcoin to move even higher after a correction is done. So we should not be fearful every time it happens. Instead, it's good to become greedy when we see good opportunities to invest again in the market so we can maximize the profits once the bullish season will be here soon.

[Botnake]

Bitcoin is long term investment i think. People who lucky were they didn’t panic sell when bitcoin dropped and under $34k.Few years people interested in cryptocurrency investment increase day by day.For me,im very lucky to buy when bitcoin price under $34k and I'm long term holding bitcoin i hope bitcoin price will be more increase and more development i think bitcoin price will hit $75k+ next 1-2 years.

Bitcoin dropped to 33,000$ and many people have sold their holding at that point because of the overall fear in the market. Now those people would be regretting as bitcoin is now 43,000$. People need to understand that at the macro level the bitcoin is bullish and it will remain bullish. The corrections will come in between and sometimes the correction can last for 3 months, 6 months or even a year. The reason for these corrections is that bitcoin is usually move parabolic upwards and people who bought bitcoin at lower price, they book their profits and then buy back again at lower prices.

People are more convinced to invest when the market is stable and bitcoin is in a good momentum because they will fear if the market will suddenly fall. So they are most likely to invest when prices are its peaks. That's the mindset of weak hands. But for those strong hands, this correction is even a better opportunity to buy more while the market is still crashing. And even if the market falls even deeper, there's no need to worry as long as we are filling our bags with established coins in the market.

[dunfida]

Bitcoin is long term investment i think. People who lucky were they didn’t panic sell when bitcoin dropped and under $34k.Few years people interested in cryptocurrency investment increase day by day.For me,im very lucky to buy when bitcoin price under $34k and I'm long term holding bitcoin i hope bitcoin price will be more increase and more development i think bitcoin price will hit $75k+ next 1-2 years.

Bitcoin dropped to 33,000$ and many people have sold their holding at that point because of the overall fear in the market. Now those people would be regretting as bitcoin is now 43,000$. People need to understand that at the macro level the bitcoin is bullish and it will remain bullish. The corrections will come in between and sometimes the correction can last for 3 months, 6 months or even a year. The reason for these corrections is that bitcoin is usually move parabolic upwards and people who bought bitcoin at lower price, they book their profits and then buy back again at lower prices.

Investors should know that a correction aside from creating an ideal time to buy high-value assets at discounted prices, it will also push the price of bitcoin to move even higher after a correction is done. So we should not be fearful every time it happens. Instead, it's good to become greedy when we see good opportunities to invest again in the market so we can maximize the profits once the bullish season will be here soon.

Greedy when there's bloods on the streets or simply seeing that those panic sellers had done their stuffs but this is only applicable into those people who do see these times to be the best opportunity on making such

step but not all would really be that confident on doing so thats why i couldnt really blame them off on not to make out specific movements on times like this but rather making out some move whenever the market

been showing off some sort of increase even on small scale but most of the time it is been the main indication for these people to buyback and not on the time where price is falling down.

[Vaculin]

You're somewhat right,  lot's of money is also going into metaverse, nft, defi and what have you these days so it is no longer just btc, many investors have diversified, they believe there is more money to be made in these macros projects than in btc,

besides, the price to buy 1 btc is already high and it will be hard to x5, x10 or so from it than from these low cap projects,  but these are just a small percentage of people compared to the vast majority of institutional investors in btc imo,
But I think this is not only the reason why btc isn't above $75k by now, probably this constant negative fud is also affecting it's growth somehow.

Exactly. Most investors are focused on "De-Fi", NFTs, and the metaverse, leaving Bitcoin behind in the dust. Of course, that doesn't mean interest into the pioneer cryptocurrency has declined. We've entered a bearish period as the hype has temporarily faded away. As soon as the next halving comes up, Bitcoin's price will never be the same as it is right now.

I'd say $75k is feasible due to BTC's extremely limited supply. It may not be worth that now, but it will be in the future. Remember, patience is key towards achieving success in this wild and crazy world of crypto. As long as you don't spend all of your Bitcoin, you will be fine. Just my thoughts

For me, its my own way of diversifying my portfolio so i also tried my luck with De-Fi and NFTs, but that does not mean that i'm leaving bitcoin behind. It will always be my top investment, and i think others are also seeing that way. However, bitcoin is not yet reaching the $75k target price because of the correction that started last december, but i don't see it as more of a threat, but its kinda more of a great opportunity to enter the market. No worries,  there's a lot of bitcoin analysts who have predicted that bitcoin will achieve that goal price, and we are heading there. Just trust the process.

[lienfaye]

For me, its my own way of diversifying my portfolio so i also tried my luck with De-Fi and NFTs, but that does not mean that i'm leaving bitcoin behind. It will always be my top investment, and i think others are also seeing that way. However, bitcoin is not yet reaching the $75k target price because of the correction that started last december, but i don't see it as more of a threat, but its kinda more of a great opportunity to enter the market. No worries,  there's a lot of bitcoin analysts who have predicted that bitcoin will achieve that goal price, and we are heading there. Just trust the process.

I wont deny that I also had an interest on these new trend (Defi, NFTs and Metaverse) and already tried investing on it just to see if I can gain something while waiting for Bitcoin to recover. Its fine to try other investments if you want to maximize your earnings as long as you know what you're getting into and aware of the risk. But Bitcoin will always be my top priority thats why I did my best to accumulate before $40k value is reached recently. Hence I can just watch now and see if Bitcoin can climb up to another ath for this year.

[ShowOff]

I wont deny that I also had an interest on these new trend (Defi, NFTs and Metaverse) and already tried investing on it just to see if I can gain something while waiting for Bitcoin to recover. Its fine to try other investments if you want to maximize your earnings as long as you know what you're getting into and aware of the risk. But Bitcoin will always be my top priority thats why I did my best to accumulate before $40k value is reached recently. Hence I can just watch now and see if Bitcoin can climb up to another ath for this year.

It doesn't matter if you try to invest in altcoins if it is for the purpose of maximizing the potential profit you can achieve, especially if you have considered the risks. Apart from bitcoin, I tend to prefer ETH and BNB or other altcoin that have been around for a long time. But for sure, bitcoin is a top choice that should not be missing from our portfolio.

So far $75K for bitcoin is still an achievable hope for the future. We almost reached it in November last year, but failed because it only reached $69K. We still have hope to continue to be optimistic about the future, although it is not completely predictable but in the long run bitcoin almost always provides commensurate returns for holders who believe in it.

[Abiky]

Exactly. Most investors are focused on "De-Fi", NFTs, and the metaverse, leaving Bitcoin behind in the dust. Of course, that doesn't mean interest into the pioneer cryptocurrency has declined. We've entered a bearish period as the hype has temporarily faded away. As soon as the next halving comes up, Bitcoin's price will never be the same as it is right now.

I'd say $75k is feasible due to BTC's extremely limited supply. It may not be worth that now, but it will be in the future. Remember, patience is key towards achieving success in this wild and crazy world of crypto. As long as you don't spend all of your Bitcoin, you will be fine. Just my thoughts

For me, its my own way of diversifying my portfolio so i also tried my luck with De-Fi and NFTs, but that does not mean that i'm leaving bitcoin behind. It will always be my top investment, and i think others are also seeing that way. However, bitcoin is not yet reaching the $75k target price because of the correction that started last december, but i don't see it as more of a threat, but its kinda more of a great opportunity to enter the market. No worries,  there's a lot of bitcoin analysts who have predicted that bitcoin will achieve that goal price, and we are heading there. Just trust the process.
[/quote]

The bear market is what's affecting Bitcoin's ability to go to $75k right now. No one said Bitcoin was going to make you "rich" overnight. Good things only happen to those who're willing to wait a considerable amount of time (patience). Sooner or later, Bitcoin will reach a price of more than $75k due to the way it was designed. An extremely-limited supply along with ever-increasing demand on the market will lead us towards untold riches in the future. I'd say this is the best opportunity to buy more Bitcoin before everything goes back up again. We're in a period of "stagnation" as hype has temporarily faded away.

Ultimately, it's not about the price per coin but rather its usefulness. As long as Bitcoin remains decentralized, censorship-resistant, and enables "banking to the unbanked", nothing else matters. Just my opinion

[Rengga Jati]

I am also wondering how the price is still right here.  
But,t his is the cycle of Bitcoin price, moreover influenced by many news around here around the world.
Bitcoin is not really following the cycle like in previous years.
We can see some increases in only a few days and will drop more than the rising percentage after only a day

But, I personally still have high trust in Bitcoin, one day, it will rise up again passing $70k. We are also still expecting the BTC price to hit $100K, aren't we?
Patience may be the key. We can expect it for the next bullrun 

[ALLON2017]

Because its not needed as much as it has in the past. Now You can buy nearly all altcoins with fiat or bnb and other coins Before you couldn’t needed mainly  bitcoin, Risky investing in btc nowadays. Id say it wont be long before Binance unpairs it with BNB. Better off investing in the Binance coin.

[nur rochid]

I am also wondering how the price is still right here.  
But,t his is the cycle of Bitcoin price, moreover influenced by many news around here around the world.
Bitcoin is not really following the cycle like in previous years.
We can see some increases in only a few days and will drop more than the rising percentage after only a day

But, I personally still have high trust in Bitcoin, one day, it will rise up again passing $70k. We are also still expecting the BTC price to hit $100K, aren't we?
Patience may be the key. We can expect it for the next bullrun 

The development of cryptocurrency is increasingly known to the public. if currently only 5% of the people are using it, then there is still a big possibility for the bitcoin price to increase as the target you are talking about. imagine if 25% of the world's population has used it, and plus government regulations that favor the development of crypto, I don't think anything is impossible

[so98nn]

Most of the crowd is not in the game yet. We think that worlds most population is using the bitcoin in first place but they are not really. There is still long journey for bitcoin. Government is also majorly disturbing the flow of bitcoin usage by their schemes like national digital currency and confusing peeps.

However, this will change. This will be a gradual change and once it goes to next stage you will be asking how the heck bitcoin got this much price.  So stay tuned and stick to it!

[LUCKMCFLY]

The rich
The rich will always go to the bank and borrow the savings of the  poor and become richer.

Alot of people do not know this about the influence of the rich on the banks. But I disagree that the poor take their money to the bank. The poor do not have enough cash to operate an account. The little they get are kept in their homes for daily feeding and they do keep it under their pillows or under their beds. Those who have savings in the bank are not poor. They are average or middle income earners.

I think you are right, poor people relate to banks because there are loans that must be paid not to save money, they rarely do things like that. because it is difficult for them to meet their daily needs, let alone have a relationship with the bank, which may take up their time, where most of them are laborers, although the company may pay for it through the bank, all the money will be taken immediately. So indeed those who have savings in the bank can be sure who have more money than their salary or business.

Well, not only poor people relate to the poor, I know many businessmen who have a lot of money and they have it in banks, of course not only in local banks, but also in other countries and in banks, I think that those who have money in banks it is because they do what they think is correct, because for them the bank gives more security and confidence, for them they do not care that the bank demands a specific amount that they can subtract, because this stems from the ignorance of not know BTC or crypto, and yet many who know do not trust it, so this is already a matter of judgment.

[noormcs5]

Most of the crowd is not in the game yet. We think that worlds most population is using the bitcoin in first place but they are not really. There is still long journey for bitcoin. Government is also majorly disturbing the flow of bitcoin usage by their schemes like national digital currency and confusing peeps.

However, this will change. This will be a gradual change and once it goes to next stage you will be asking how the heck bitcoin got this much price.  So stay tuned and stick to it!

When you see how many people actully know about bitcoins and then how many people actually invested in bitcoin, then we will come to know that still a lot of people are unaware of bitcoins. Once you see these people buying bitcoins and entering the crypto market, we will see a big increase in marketcap and also increase in the price of bitcoins. $75,000 will be very less price of bitcoins as bitcoin has limited supply and the demand wil be very high.