There will be always skeptics, even if btc hits again 1000$, they will say that its another bubble and that it will pop too and die.
$1000 is still nothing. It could be squashed flat and the rest of the world wouldn't care less at that price level.
Ok but last time it didnt even hit 1000$ it was probably 870$ or something, because the mt gox guys have manipulated the prices with fake accounts.
Plus back then there were less bitcoins.
Now if it hits 1000$ that would be a 14,556,000,000$ market cap, which is not peanuts.
Its far bigger than any other newbie project in any sort of fintech, so the world would start to grab attention by then.
After it hits 100 billion $, then it will start to be really serious.
Imagine the capital that needs to be solidly into bitcoin to push the price to 100 billion..... does it feel like that kind of money is running into bitcoin, or even close? No way in hell this thing is going anywhere for a long time.
I always thought the halving will be the catalyst, however, I think the number of coins mined has nothing to do with the current price. So halving will do nothing, if anything it will tank after the halving.
There will be nothing new in bitcoin land unless bitcoin itself improves in a way that a whole lot of people will value. I see nothing on the horizon that is that type of improvement. Nothing. It will happen, but I think we are 5-10 years from anything significant changing.
