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

[Sanitough]

Humans for you, since btc is not government approved yet some people don't trust it enough to buy even when the price is ridiculously cheap, even among those who bought, some sell at the slightest correct made by fud, to prefer to stay in fiat despite how it deprecate in value,
Before the majority of people realize they are missing out on this opportunity btc price would be very high by then, I wish I have zillion cash to buy enough and seat back to watch the rest of the people fighting over what is left

That will always be the case if they keep on prioritizing on increasing their fiat rather than accumulating bitcoin. Even with the inflation hike, people still prefer to use fiat because that is the only currency approved by the government, so they tend not to think anymore other options that can hedge inflation. This is the sad truth. People become poorer and poorer because of their attitude towards change.

[isaac_clarke22]

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Yeah, I wasn't looking that much in the current Bitcoin price lately and was just surprised that we're now back in 40k. Kind of slow but hey we're getting there. Previously, I was eyeing on Bitcoin to be around 100k by the end of the year, but it won't matter if we don't reach it just yet.
In the end, a lower price was my opportunity to buy even more. I ain't whale though .

[molsewid]

That will always be the case if they keep on prioritizing on increasing their fiat rather than accumulating bitcoin. Even with the inflation hike, people still prefer to use fiat because that is the only currency approved by the government, so they tend not to think anymore other options that can hedge inflation. This is the sad truth. People become poorer and poorer because of their attitude towards change.

I am not that really concern about the legal adoption of bitcoin worldwide because bitcoin exists and keep on proving its worth even if it is not accepted widely but as I keep on reading in this thread it all boils down on the fact that people are still afraid to jump off and invest in crypto because this platform is not approved by governments. And to be honest this thing is quite true, in my case I do experience a lot keep on asking me about this platform but at the end they are being afraid that they may get scam or lose, which of course I didn't make any conscious effort to explain it to them furtherly.

[freedomgo]

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Yeah, I wasn't looking that much in the current Bitcoin price lately and was just surprised that we're now back in 40k. Kind of slow but hey we're getting there. Previously, I was eyeing on Bitcoin to be around 100k by the end of the year, but it won't matter if we don't reach it just yet.
In the end, a lower price was my opportunity to buy even more. I ain't whale though .

Even myself i was not expecting this $40k now, but i'm glad bitcoin has reached another price resistance level. But honestly, this is not my focus at this moment as im still enjoying buying from this bearish market. I think if we can take more advantage with the current market condition, seeing the prices are still in dips, then we can make huge profits by then by the time bitcoin will hit another new ATH once the market starts to become stable again. And $75k will be realized soon.

[adzino]

The USD is losing value. The EUR is losing value. All national coins are inflationary, energy prices are through the roof and still BTC is only $36,500! People should buy BTC like crazy, this is something I don't understand, they keep using the crappy FIAT instead. FIAT will all make you poor! Don't come crying here after when BTC hits $100K, but FIAT is the worst investment someone can make these days. BTC is still cheap as peanuts considering its potential, too bad people don't see it, have fun staying poor and keep making those bankers rich. Unbelievable.

Like you said, if people cared about inflation, then they should buy BTC "like crazy". But they aren't because they don't actually care. I bet most of the people don't even know what inflation is and what it can do to the economy. They just sit and watch. When the price of everything will become unaffordable, all they will do is blame their country while still not doing anything to save themselves against inflation. Even if they do invest in bitcoin, they will go back to fiat to take their profit. So...

[bounceback]

It seems someone is reading this and we've just passed $40,000! That's the spirit folks, let's go to the Moon! I still believe 2022 can be the year of the Bitcoin!

After dropping to its lowest level this year to $30k but today bitcoin has gone up to $41k price and the current price hike must have benefited those who bought bitcoin at that low price, early 2022 put bitcoin on a bit of a slump but I believe and will say so same with you because I believe if this year bitcoin price will bounce back to $50k-$60k.

[Baofeng]

It seems someone is reading this and we've just passed $40,000! That's the spirit folks, let's go to the Moon! I still believe 2022 can be the year of the Bitcoin!

After dropping to its lowest level this year to $30k but today bitcoin has gone up to $41k price and the current price hike must have benefited those who bought bitcoin at that low price, early 2022 put bitcoin on a bit of a slump but I believe and will say so same with you because I believe if this year bitcoin price will bounce back to $50k-$60k.

Yes, we have a good bounce in the last 24 hours, a break out run that we didn't expect, but we sure gonna take this one. And maybe this is the start of the ascend to $50k again, so everyone is getting excited with this run. As we might think that the bulls are back in the market again after hitting lows of $32k early this year. A bounce of $50k-$60k might be just a conservative estimates. If everything is set then we might see the price going to $70k++ at the end of the year.

[Lucius]

It seems someone is reading this and we've just passed $40,000! That's the spirit folks, let's go to the Moon! I still believe 2022 can be the year of the Bitcoin!

I read it back in 2018, and it came from a man who back in 2014 had a very good vision of what would happen in the years to come - it will be interesting to see if he is right this time as well. Maybe he'll contribute a few billion dollars to make it happen

Billionaire venture capitalist and bitcoin investor Tim Draper is sticking by his prediction that bitcoin will reach $250,000 by the end of 2022 or early 2023 despite the cryptocurrency’s wild swings in value and the turmoil around its environmentally unfriendly energy usage.

[Ararbermas]

The USD is losing value. The EUR is losing value. All national coins are inflationary, energy prices are through the roof and still BTC is only $36,500! People should buy BTC like crazy, this is something I don't understand, they keep using the crappy FIAT instead. FIAT will all make you poor! Don't come crying here after when BTC hits $100K, but FIAT is the worst investment someone can make these days. BTC is still cheap as peanuts considering its potential, too bad people don't see it, have fun staying poor and keep making those bankers rich. Unbelievable.

people don't have trust when it comes decentralized because of some reason that's why until now they don't see the real value of bitcoin.. Probably that's what it is, i mean we should be thankful that we've been here in crypto and we all knows how it works and how it can give us good return after all the efforts. Let them suffer from the inflation. Lol

[oHnK]

Yes, we have a good bounce in the last 24 hours, a break out run that we didn't expect, but we sure gonna take this one. And maybe this is the start of the ascend to $50k again, so everyone is getting excited with this run. As we might think that the bulls are back in the market again after hitting lows of $32k early this year. A bounce of $50k-$60k might be just a conservative estimates. If everything is set then we might see the price going to $70k++ at the end of the year.

As long as the fud didn't be spreaded by the whales, I'm sure the price of Bitcoin will touch at 75.000 USD. We know that the yesterday we got recovery price movement because of the good news which come from one of the mining company has added their cryptocurrency about 8.595 BTC. The  Marathon Digital Holding has announced their proportion yesterday, so far we will look the market got the new all time high since the bearish for two weeks ago.

Source: https://www.globenewswire.com/news-release/2022/02/04/2379299/0/en/Marathon-Digital-Holdings-Announces-Bitcoin-Production-and-Mining-Operation-Updates-for-January-2022.html

[DanWalker]

The USD is losing value. The EUR is losing value. All national coins are inflationary, energy prices are through the roof and still BTC is only $36,500! People should buy BTC like crazy, this is something I don't understand, they keep using the crappy FIAT instead. FIAT will all make you poor! Don't come crying here after when BTC hits $100K, but FIAT is the worst investment someone can make these days. BTC is still cheap as peanuts considering its potential, too bad people don't see it, have fun staying poor and keep making those bankers rich. Unbelievable.

You are absolutely right, inflation is rising, commodity prices are rising but bitcoin prices are not rising yet.

If you look closely at Bitcoin but it is not stable yet, Bitcoin has crossed the ATH several times in a row, just as people were going through an extreme economic crisis during the entire Corona outbreak. So you can't say the price of Bitcoin hasn't gone up.

Yes, it is true that Bitcoin has not reached $75k yet, because adequate adoption is still needed. And there is no rush here, soon it will break $75k.

[HenryRomp]

It will be soon! Give it some time.

[Gamerholic]

I think this is a very strange question - after all, bitcoin is freely traded on a large number of exchanges, both centralized and decentralized. The market determines its price at the time. I think there are many factors - the increase in complexity, legalization in a number of countries, the entry of large institutional investors into the market. All these factors will eventually lead bitcoin to a price level of 75 thousand or more. The year has just begun. Let's see...

[e_abrams]

I just hope it will be this year. A whole year and more of bearish market sounds daunting to me, at least at the moment. Or maybe I am just too much of a pessissist, I don't know.

[glendall]

It seems someone is reading this and we've just passed $40,000! That's the spirit folks, let's go to the Moon! I still believe 2022 can be the year of the Bitcoin!

the many negative sides of bitcoin make it difficult for bitcoin to rise to 75k $, not to mention negative news, rejection after rejection, thus making bitcoin only spin around 40-65k later, every bitcoin owner expects bitcoin every year to have a new high value, but all in market surveillance and uncertainty price

[jerry0]

Do people here really want btc to be half a million or million dollars?  One issue seem to be if that is the case, wouldn't there be so much rich people then?  Also if say it hits half a million, wouldn't everything be more expensive?  Thus a million dollar home might be double that of even more?

[Cling18]

Keep in mind that our need of Bitcoin is situational since we all have different crypto status in each country. We can't totally eliminate fiat in exchange for cryptocurrency because we couldn't force everyone to adopt Bitcoin, especially those who aren't knowledgeable about it. People will always choose what they trust and believe and we can't blame them for that. If you're earning profit through crypto investment, others might also earn enough through fiat.

[oudomopo]

I think you created this Subject because maybe you haven't checked Bitcoin since November. Bitcoin's all time high is 68,000. Right now the price of Bitcoin is 42,000 because, Bitcoin lost half of its value since Mid-November and the lowest price since the drop was almost 31,000. So Bitcoin is expected to reach that milestone probably at the end of Spring. We are in a recession right now because of Infiltration and slow economy.

[eaLiTy]

Do people here really want btc to be half a million or million dollars?  One issue seem to be if that is the case, wouldn't there be so much rich people then?  Also if say it hits half a million, wouldn't everything be more expensive?  Thus a million dollar home might be double that of even more?

That is what everyone is waiting for, a speculative market where holding is the best way possible to become rich. What i am curious is how long we will see these users who are asking to hold the coins and never spend and what happens if it reaches the target they are looking, they will dump the coins and continue the same process of getting the coins at the bottom and then starts preaching again about the importance of holding  .

[pushups44]

In hindsight, especially as we approach the next halving of 2024, I agree people will be kicking themselves for not buying more bitcoin, especially when it was under $40,000. However, this market is extremely volatile and with looming rate hikes it should be of no surprise that the price is not $75,000 or higher. Also, the S2F model looks like it's getting severely tested with the reality of the law of diminishing returns.

I agree though that we'll blast way past $75,000 by 2025!