5000USD may never happen, you'll realize later that if the price steps on $500 or probably 700$, a lot of users are going to dump their coins hoping they could buy more when the price is dragged down.
And we can speculate also about returning of BTC to 100$ also because we really don't know what is going to happen. What is regulations becomes very unpleasant for bitcoin? Or even better new coins can take over..
Sure, but there should be some limit for how wild the speculation may be in order not to be considered sci-fi section. To me $5k is a sci-fi section at the moment.
To every normal thinking human being. 5k is Sci-fi. How can anyone expect the price to go times 10 for... no reason at all.
That doesn't make sense to me nor should it. Let's hope the price becomes stable.
There are a few reasons I can think of that might help bitcoin on another moonshot.
1. Supply will half in next couple of months
2. Investors from falling stock markets looking for new investments.
3. Negative interest rates and capital controls imposed by banks on the fiat system.
4. Some kind of debt default or bankruptcy causing another global crisis
all four reasons are valid to fuel a rise, but let's have a closer look:
1. halving - it applies only to the coins not yet mined. There are actually enough coins already in circulation to keep the price surpressed arbitrary long. Halving will fuel some growth, but it shouldn't bring us beyond $500-600.
2. new investors - fine, but you have to somehow attract them. Is halving alone sufficient? Not sure? What else do we have (or have we done) to attract them?
3 and 4. are for now too distant future, to have direct influence on the price in the short term perspective. 3 or more years, maybe in case of NIRP. Global meltdown would hit Bitcoin collaterally, as we are not yet ready with the adoption, as we should be for such an event.
