Yes, we cannot say anything about the exact time when the price of Bitcoin will increase or decrease, but we can guess. When the price of Bitcoin was $20,000, we heard many speculations that it would increase to $40,000 or more, and over time it actually increased. Again, after a long time, when we heard speculations that the price of Bitcoin would be $100,000, it was hard for many to believe, but the price has increased.
People's confidence in Bitcoin is gradually increasing, which is why people are willing to buy more Bitcoin. The price of Bitcoin will increase further in the future. Those who are buying Bitcoin have become more committed to holding their Bitcoin. Especially with the way Michael Saylor has emphasized the importance of saving Bitcoin, there is no doubt that the price of Bitcoin will increase several times in the future. Bitcoin holders like Michael Saylor and Nayeb Bukili are all buying Bitcoins as they can afford.
https://www.financemagnates.com/cryptocurrency/will-bitcoin-reach-1-million-btc-miner-ceo-shares-ambitious-2030-prediction/It is difficult to predict what level the value of Bitcoin will reach once a global Bitcoin reserve is established. However, we can roughly estimate that there is a high possibility that the value of Bitcoin will reach 1 million in the next few years.
This might be the next target for Bitcoin holders. $1 million sounds too ambitious and unattainable. But as you said, we have seen it rise several times that have answered the doubts about Bitcoin.
Everyone who holds Bitcoin might have a different price target to achieve. But when it reaches $1 million, everyone will cheer again.
We don't know when Bitcoin will reach it, and we don't know how long we can hold Bitcoin. It could be inherited, not by us but by our loved ones.
