I feel like 5 years is good enough time for $100k, I just checked and the halving is just 190 days away however the next halving after that looks like will be in 2024, so I don't know if it will be enough or not but eventually in 5 years it means 2 halving on top of this price which would be already at least 40-50 thousand dollars easily, if there are any hypes and improvements etc on top of that $100k looks possible.
I would say by 2024 or so having a $50k+ price would be so realistic that I would be super pissed if it is not happening, however if it is going to happen then I would totally see it as what it should be and not getting lucky about the price, like back in 2017 when we were at $20k I saw it as shocking and unexpected, $50k by 2024 sounds like what it should be.
Yes. The halving would definitely have a positive effect on Bitcoin's price over the long term. We've seen how Bitcoin went all the way from being worth cents to thousands of dollars in just a few years since inception. As the pioneer cryptocurrency becomes scarcer over time, demand will increase (hopefully) making its price rise across the crypto market. Even if Bitcoin doesn't touch $100k within 5 years from now, it could very well get past its latest ATH of $20,000 per coin. A substantial increase in the number of institutional investors, as well as, mainstream Lightning Network payments, could lead Bitcoin towards new ATHs in a blink of an eye. Given how fast Blockchain develops in just a short amount of time, anything's possible.
While $100k sounds fair enough for a couple of years from now, the ultimate goal for Bitcoin would be to reach $1 million USD. That would make many early adopters (like you and me) extremely wealthy in just a short amount of time. While it's not about the money, most people seem to care about this more than Bitcoin's real use cases within the mainstream world. Despite this, Bitcoin will not be able to grow further in price if it lacks demand across the market. Matters become worse when there is a reduction in block reward, while prices remain the same or lower than they were before. If that happens, then it'll become an unprofitable journey for miners supporting the BTC blockchain.
Nonetheless, I'm hoping that by 2025, we'll be able to experience $100k per Bitcoin. Exciting years will come ahead, as new improvements and upgrades are adopted by the Bitcoin community. The Lightning Network, Dandelion Protocol and even Schnorr Signatures, will make Bitcoin bigger, faster, and stronger than ever before. Rest assured that these same upgrades, will gather the attention of people within the mainstream world starting a frenzy of "FOMO" greatly benefiting Bitcoin's price within the future. Just my thoughts