Topic: Top 5 reasons I see $100k in next 2 years (Read 859 times)

Sure right now a lot of DeFi is hype just to get in and out when coins explode. But DeFi itself is a very legitimate killer app of blockchain - putting financial products on the blockchain. It's not another ICO where teams raise millions off of an idea, DeFi is a very legitimate product and I think we'll see heavy use of it as time progresses. This in general benefits the crypto market, which also benefits bitcoin as it brings new people into crypto and therefore also Bitcoin. Plus it directly benefits bitcoin because people will be locking up bitcoin in these wrapped tokens as their entry way into Ethereum's DeFi products. I definitely think locking up Bitcoin into DeFi products will be part of the boom on this current market cycle. It might only be a few hundred thousand locked up bitcoin in DeFi, but still thats a lot!

People are looking at bitcoin differently nowadays because of the price and that makes me very happy, whenever the price increases there is a lot of people who come out of the woods and talk about how awesome bitcoin is, whenever it drops there are people who come in and say "is it dead? will it die?" and that upsets me a lot.

Let's hope that current situation continues a bit more, we really need people who are very much in love with bitcoin and that number of people increases or at least shows itself whenever the price increases like this, so we should keep these prices higher for a bit longer as well. We can't be so certain that bitcoin will continue to go up forever, eventually it will have a correction and go down a bit, but if we are strict about our future plans for bitcoin we can overcome that period easily.

I agree with reasons 1 - 4 but for the 5 it doesn't seem quite right for me.  I still see DeFi only HYPE and sooner or later it will sink.  Implementing DeFi in the general public is still very difficult because CeFi still controls the economic system, but let's hope DeFi can shift CeFi's dominance..

In my opinion, one of the most serious factors that influenced the fall of the cryptocurrency market in 2018 is the increased number of new fraudulent projects that fraudulently practically stole investment funds and withdrawn money from the cryptocurrency market. This situation first of all caused a huge distrust of cryptocurrency, and many investors took advantage of the possibilities of stable cryptocurrencies or fiat money to protect their capital from depreciation. Undoubtedly, at the present time, most investors already very carefully weigh their approaches to investing their funds and take into account the risks that they may face. That is why I am sure that the situation that is similar to 2017 and 2018 should not happen again.

Well, some of your drivers have a good point but for drivers 1 and 5 not sure though. You mentioned on the 1st one, the 2020 economic crisis will possibly lead Bitcoin to reach that amount but looking at the current situation we have now, some of the countries' economic status is now gradually recovered, and if this continues the crisis might end as soon.
For the 5th one, we don't know yet how DeFI can last long besides, DeFi is related to ETH not to Bitcoin.
But anyway, these are just speculation feel free to make your own presumption and look forward to it there's nothing wrong with dreaming after all, so yeah I'm with you waiting for $100k to happen.

The price doesn't need to crash all that easily next time it reaches 20k, it was just that one time and I am sure next time will not be the same. What people do not consider when talking about the ATH price is the fact that just a few months ago price was 1-3k range, the year started with 700 dollars per bitcoin, literally under 1k and at the peak it was 20k.

This caused a lot of people to have a lot of money, there were millions of people all around the world who got bitcoin under 10k and sold it above 15k in just few months, there was a rush towards selling everyone's bitcoin whenever they can. The difference today is that we have been at these prices for a long time, people who wants to buy already bought and people who wants to sell already sold, going to 20k wouldn't be a sudden shock to us anymore.

Im not against to your prediction but we need focus to the reality of the price of the bitcoin is very far from the price now . What ever the value of the bitcoin to the next few years as long as I earn money even not very high but not very low Im okay with that and Im not expecting too much to the bitcoin value. But if that's gonna happen those holder have more than 10 bitcoin in their wallet will become millionaire.

I would say 100k is too much, we are talking about something much bigger than what we are here and talking about trillions of dollars that would be rivaling all the big huge stock markets as a whole. What we need right now would be focusing on the 15k and 20k levels, do you guys think that 20k would be possible this year before 2021?

If that is possible that would be quite good, this time I am not going to sell at 20k and just going to wait. I am very happy about the fact that I sold at 20k and that is a great situation for me but this time if it happens I am going to wait, that would probably be a lot better. Just to prevent any bad mishap I would probably put a stop loss too. However for all of this to happen we first need to reach to 20k level to begin with and I wonder what you guys think about it.

I myself still cannot say that in 2023 Bitcoin will go to $ 100k,
because now Bitcoin still has not reached a new All time high, but indeed now bullish dominates,
of course makes us happy, but try to think wisely so as not to repeat mistakes like in last year.

$100k seems unrealistic in such a short time period. Given a few more years it might start trending up, but I'd think that all the bitcoins would need to be mined before this starts to happen. Once all bitcoins are mined then it becomes more of an asset like gold, but it would actually be rarer than gold in future because over time the amount in circulation will eventually fall as it gets lost or becomes otherwise unrecoverable in wallets.

Everyone can dream any valuation and there is no one stopping from doing so .
The reason why the market took a long time recovering from the last correction is not a big surprise as everyone knew that is how the market usually work and that is how it is set up by Satoshi in the form of halving every 4 years.

The expectation about a vaccine in the near future is another dream, you need to adapt to the changing situation and live accordingly until the virus vanishes on its own or we find a vaccine.

In fact I am enjoying the hike now towards 14k in the near future so wanting that dreamy high on the price of bitcoin which is too close to 2-3 years 100k is hard to believe for me, the company and also the government should adopt more that has been planned of course This can be said that it needs help from several very influential aspects so it could also depend on the market conditions that are bullish.

To address a couple things here that people have said:

1) Just because Bitcoin hasn't broken $20k yet after 3 years and it has been hanging around $10k for a while, that says nothing about it not being able to hit $100k at the end of this market cycle. Just look at last market cycle, bitcoin was in the mid to high hundreds(!!) in late 2016, and hit $20k by the end of the market cycle. Because is still under $20k now because it is still the buildup part of this market cycle. Whenever Bitcoin passes the ATH from the previous cycle it explodes, so unless for some reason the market dynamics are suddenly completely different now (and I see no reason to think that), a jump from $20k to $100k during a period of say 18 months is not at all unrealistic.

2) Some people seem to have a problem with the first reason: "The 2020 Economic Crisis + Money Printing". Do you not get that governments around the world are printing vast amounts of money precisely because of the pandemic created economic crisis? This is when free money floods the world. The money has to go somewhere, and a little bit of it goes into Bitcoin, pushing the price up. Yes the short term immediate effect was the panic crash in March, and that crash is long since gone, Bitcoin is now well above where it was before the panic crash and is nearly back at the very brief 2019 high. The other side of this is that fiat currencies expect increased inflation as a long term consequence of this, also this keeps interest rates low, which means more borrowing, which means more money and debt being moved around. High inflation + high debt, this is what bitcoin was made for!

Hopefully that covers what seems to be the two main gripes that people have in these comments.

Right now I think Bitcoin is looking right on pace to peak again by end of 2022, and I expect the peak to likely be in the $80k - $120k range, so, roughly $100k.

Let's see if you prediction happen after two years from now but now 20k dollars is our target and once it will reach again that value we gonna move on the next target value for the bitcoin everything have process and there's a chance that you will see $100k but the year we will not sure about that because bitcoin sometimes dumping fast but if it's continue rising the probability to happen that is also rise.

In my opinion, $100k is possible, whether in happens in the next to 2-3 years, remains to be seen. I think with the way companies and institutions putting their money in bitcoin as reserves tells a lot already. And this could really set a trend that its hard to ignore, specially if you are in the fintech or IT industry, somehow you need to get yourself involved in bitcoin, whether accepting it as payment method or just putting your cash into bitcoin as treasury reserves assets, because in the end, it will be a win-win for the company. And this trend will grow in the next coming years that will push the price to 6 digits.

even just 3 of these reason may become rightful?for sure we will Hit that value even in 1 year period of time.i am not losing my faith in bitcoin and also with some of my coins in holding.

Lets pray for faster development and market reaction,More investors and the PayPal adoption hope to lead the way.

According to Bloomberg's analyses, bitcoin may takes 5 years from now to reach the price of 100k and I suppose this is quite possible. I myself believe by 2025, the price of btc will be from 70k-120k.
https://blockchain.news/news/bitcoin-price-reach-100000-2025-btc-increasingly-digital-gold-bloomberg

If the vaccine actually works and people grow some sort of immunity towards the virus, that means I feel like things could actually go back to how it was but even stronger. You know why? Because life was life before that, but now everyone has a different meaning of life, people are realizing that home is not as bad as they imagined and we are talking about a lot more people staying at home, making their own food, having their own understanding of spending time, basically all things are changing.

This means I feel like there could be some sort of increase in savings in the future, people will probably try to minimize their life because they were forced to minimize for a while and most people didn't hated it, so I guess they will continue even after the vaccine and could have some money saved up.

Maybe I was blind because I'd never see it and even felt it just like the others. Even we believe that it seems possible but I can't imagine how it fastly recovers. Currently, we are still at $10k-$12k range, how it comes possible in just 2 years. Maybe I have blown out if that will come. No, I don't believe in magic and for sure, there is no magic in crypto than the others think.

I'm an optimistic person but I was not the kind of person who been thinking that high. Really far from reality.

2 Years is too short for 100k$ mate,we can't even make $20k again for how more than 3 years now and here you go looking for this High value?
Yeah we are all positive in regards to crypto but at least we have limitation in our speculations.
I will take at least $50k in 2022 or maybe in 2023 the Longest.

Well regarding pandemic 2021 may have already vaccine(Hoping and praying) so we can get back to our normal living and market will do the same.
How time flies ,it is Half a year that we are in this Covid traps,but still struggling ang staying strong.