Reaching $100,000 in just two years is definitely a big exaggeration, look at the current price, which since the end of 2017 is still below $12,000, but at the end of 2017 there were many people who used arguments similar to your arguments to say that the price would reach $30,000 in 2018, then last year I also saw something similar and the price did not reach more than $15,000 last year.
So now is a forecast of $100,000 for 2 years from now? the price of bitcoin can't even reach more than $ 20,000 since 2 years and are you dreaming of $100,000?I s a great exaggeration
Topic: Top 5 reasons I see $100k in next 2 years - page 4. (Read 862 times)
To be honest, I don't see how these five reasons mentioned here could trigger Bitcoin price go all over to $100k. Nothing of this isn't connected to Bitcoin and it isn't influencing it. All this seems very exaggerated to me and definitely not convincing.
All of them could be a factor of the market change but I see more for these two have a huge impact on it.
If we all come into using crypto and increases its demand, it eventually makes the price rise. $100k ain't possible but it really needs more time than we think that it boom within 2 years. Definitely, it will be surprising to see and maybe we can't witness that time to come for a chance that we have passed already before it shows.
Adoption is what we meant for but simply we can't think that it works so easily. We become optimistic with $100k and really worth to wait but I'm not sure if we all have that patience.
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4. Companies switching to BTC as their reserve currency (just saw the first instance of it this month, I would guess more will follow with at least a few percent of their cash reserves)
5. DeFi (raising the whole market but also locking away Bitcoin for use in DeFi)
5. DeFi (raising the whole market but also locking away Bitcoin for use in DeFi)
If we all come into using crypto and increases its demand, it eventually makes the price rise. $100k ain't possible but it really needs more time than we think that it boom within 2 years. Definitely, it will be surprising to see and maybe we can't witness that time to come for a chance that we have passed already before it shows.
Adoption is what we meant for but simply we can't think that it works so easily. We become optimistic with $100k and really worth to wait but I'm not sure if we all have that patience.
Bitcoin price to reach 50K does not seems possible at this moment but as we have seen in the past anything can happen in crypto. But I do not see $100K within two years. It may take few more years, probably after the next halving we may see this price increase.
Many people don't see the price of bitcoin will go this far as todays price remember bitcoin is worthless and less adopted and those people who doubt that it will not get a huge success regrets that they didn't buy bitcoins when the price is cheap.
Remember the pizza scenario and I'm sure the one who pays 10,000 bitcoins for just a pizza is regrets and possible count his earnings if he wish to hold that huge volume for year 2017 or even today since he could possibly earn millions of dollars with that volume.
So let's not close the possibilities since every year give another milestone on bitcoins and cryptocurrency.
All of them could be a factor of the market change but I see more for these two have a huge impact on it.
If we all come into using crypto and increases its demand, it eventually makes the price rise. $100k ain't possible but it really needs more time than we think that it boom within 2 years. Definitely, it will be surprising to see and maybe we can't witness that time to come for a chance that we have passed already before it shows.
Adoption is what we meant for but simply we can't think that it works so easily. We become optimistic with $100k and really worth to wait but I'm not sure if we all have that patience.
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4. Companies switching to BTC as their reserve currency (just saw the first instance of it this month, I would guess more will follow with at least a few percent of their cash reserves)
5. DeFi (raising the whole market but also locking away Bitcoin for use in DeFi)
5. DeFi (raising the whole market but also locking away Bitcoin for use in DeFi)
If we all come into using crypto and increases its demand, it eventually makes the price rise. $100k ain't possible but it really needs more time than we think that it boom within 2 years. Definitely, it will be surprising to see and maybe we can't witness that time to come for a chance that we have passed already before it shows.
Adoption is what we meant for but simply we can't think that it works so easily. We become optimistic with $100k and really worth to wait but I'm not sure if we all have that patience.
Bitcoin price to reach 50K does not seems possible at this moment but as we have seen in the past anything can happen in crypto. But I do not see $100K within two years. It may take few more years, probably after the next halving we may see this price increase.
Alright this is a little self promotion haha. I wrote an article on Medium so I'm gonna post a link.
But in case you don't want to read the article, here's the list of five big movers I see making Bitcoin go to $100k in the next two years.
1. The 2020 Economic Crisis + Money Printing
2. Institutional investors continue to tip-toe into the market
3. The recent Halving plus just normal market cycle dynamics (meaning we're naturally in the upswing part of the cycle now)
4. Companies switching to BTC as their reserve currency (just saw the first instance of it this month, I would guess more will follow with at least a few percent of their cash reserves)
5. DeFi (raising the whole market but also locking away Bitcoin for use in DeFi)
But in case you don't want to read the article, here's the list of five big movers I see making Bitcoin go to $100k in the next two years.
1. The 2020 Economic Crisis + Money Printing
2. Institutional investors continue to tip-toe into the market
3. The recent Halving plus just normal market cycle dynamics (meaning we're naturally in the upswing part of the cycle now)
4. Companies switching to BTC as their reserve currency (just saw the first instance of it this month, I would guess more will follow with at least a few percent of their cash reserves)
5. DeFi (raising the whole market but also locking away Bitcoin for use in DeFi)
I just don't see these five list can help Bitcoin catapult to $100k in just two years DeFi is evolving it will take some time and there maybe more that can be added to help Bitcoin reach to that level but I doubt it will be in two years time maybe in five years provided we move fast in adoption.
The issue of inflation is also something that enhances the use of bitcoin, the fact of thinking in many countries that at any moment there will be a worldwide collapse of the economy, but the main thing is the fact that adoption will increase every time more.
The first one is not a long term thing, the 2020 crisis and the money printing is affecting the bitcoin price right now as we speak but it wouldn't be a long term thing, the markets will eventually adjust and the price will show for it, hell the increase to 12k is probably thanks to that and I doubt it would have any further deal.
Second one is more important, the likes of JP Morgan and Chase and stuff would make bitcoin go over 100k in a heart beat if they want to get into bitcoin in a big deal.
Third one should show in the next 6 months or so, if it really goes up that means it was halving, if it doesn't that means it didn't, we will see soon. Fourth one is a big ask, I mean would it work? It could but it is a big "if" right now. And defi is just a hype right now that will die down, it is not as big as people think it is.
Second one is more important, the likes of JP Morgan and Chase and stuff would make bitcoin go over 100k in a heart beat if they want to get into bitcoin in a big deal.
Third one should show in the next 6 months or so, if it really goes up that means it was halving, if it doesn't that means it didn't, we will see soon. Fourth one is a big ask, I mean would it work? It could but it is a big "if" right now. And defi is just a hype right now that will die down, it is not as big as people think it is.
We already seen some effect from some factors, bitcoin price has been surge from its lower price and until it has been traded above $10.000 and I think that $10.000 is the first step for bitcoin touch its privious all time high.
There is some speculations as well who stated if bitcoin price touch its privious all time high again at least we will see the next price that will be achieved is $75.000 and $100.000, so based on that if these factors that you mentioned has given many investor and new comers aware $100.000 is reasonable price to be achieved.
There is some speculations as well who stated if bitcoin price touch its privious all time high again at least we will see the next price that will be achieved is $75.000 and $100.000, so based on that if these factors that you mentioned has given many investor and new comers aware $100.000 is reasonable price to be achieved.
Top 5 reasons I see $100k in next 2 years
I totally agree with you. And if for some reason it will not happen in 2 years it will happen in 3.
All of them could be a factor of the market change but I see more for these two have a huge impact on it.
If we all come into using crypto and increases its demand, it eventually makes the price rise. $100k ain't possible but it really needs more time than we think that it boom within 2 years. Definitely, it will be surprising to see and maybe we can't witness that time to come for a chance that we have passed already before it shows.
Adoption is what we meant for but simply we can't think that it works so easily. We become optimistic with $100k and really worth to wait but I'm not sure if we all have that patience.
Quote
4. Companies switching to BTC as their reserve currency (just saw the first instance of it this month, I would guess more will follow with at least a few percent of their cash reserves)
5. DeFi (raising the whole market but also locking away Bitcoin for use in DeFi)
5. DeFi (raising the whole market but also locking away Bitcoin for use in DeFi)
If we all come into using crypto and increases its demand, it eventually makes the price rise. $100k ain't possible but it really needs more time than we think that it boom within 2 years. Definitely, it will be surprising to see and maybe we can't witness that time to come for a chance that we have passed already before it shows.
Adoption is what we meant for but simply we can't think that it works so easily. We become optimistic with $100k and really worth to wait but I'm not sure if we all have that patience.
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We're mostly optimistic here so let me not kill that vibe. Two years meaning 2023 right? If that's the timeframe then i would say it's very possible but first we'll have to cross the trading price of $50k. Achieving that will be a catalyst for further growth. Maybe if bitcoin can achieve the trading price of $50k in or before 2022 then there won't be much doubt of bitcoin trading above $100k in the next year which would be just a 100% increase.
Sometime in March bitcoin was trading around $3.5k+ using that to compare with its current price that's almost 2x rise right. That's just to show the possiblity of something similar happening when we achieve the trading price of $50k.
Sometime in March bitcoin was trading around $3.5k+ using that to compare with its current price that's almost 2x rise right. That's just to show the possiblity of something similar happening when we achieve the trading price of $50k.
Number 1 and number 5 for me is the huge movers of today. The instability in the world's largest economies kept a lot of investors and traders thinking of the next big thing, and as such it became the reason to number 2. They are now trying to gauge the market and see how deep the rabbit hole goes, and should they find some form of a leverage on any position, they'd take it gladly just so they can make some money while the rest are still figuring out what to do. As for number 5, there's just a ton of hype surrounding DeFi right now and it seems that everyone wants to be a part of it as proved by the volume and total locked amount within the last 7 days. I myself do not understand DeFi and its entirety to be honest but I'm starting to get more curious about it each day.
Top 5 reasons why we will NOT see BTC to 100K USD in next 2 years:
1.Governments and central banks trying to destroy Bitcoin.
2.Institutional investors won't touch Bitcoin with a 10-meter stick,If the governments and central banks forbid them to buy BTC.
3.DeFi is related to ETH,not to Bitcoin.
4.Money printing and inflation are pumping the crypto prices because the fiat currency prices go down.This isn't actual cryptocurrency adoption.It's just hedging the risks of fiat prices going down.
5.The 2020 economic crisis might end in 2021.This is just a suggestion.
6.The BTC halving is gone and it doesn't have any impact over the Bitcoin price.
1.Governments and central banks trying to destroy Bitcoin.
2.Institutional investors won't touch Bitcoin with a 10-meter stick,If the governments and central banks forbid them to buy BTC.
3.DeFi is related to ETH,not to Bitcoin.
4.Money printing and inflation are pumping the crypto prices because the fiat currency prices go down.This isn't actual cryptocurrency adoption.It's just hedging the risks of fiat prices going down.
5.The 2020 economic crisis might end in 2021.This is just a suggestion.
6.The BTC halving is gone and it doesn't have any impact over the Bitcoin price.
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Between the 5 that you mentioned, I think the 3rd is the most obvious reason why your speculation can become true in the next 2 years 
.If you will see the history of the past 2 halvings, after it happened it went sideways for a period of time and after that it created a parabolic move towards the upside pushing its price to its new ATH. There is a chance that it can happen in the next 2 years too if history repeats itself but still there is a chance that it will not.
With regards to the DeFi, it is too early to say that DeFi can affect the market in general because it has been implemented few months ago and what we are experiencing right now is just pure hype of it. Like what happened to ICO 3 years ago where projects are becoming a successful ones and bounty hunters are very happy but as the scammers swarm the ICO community, success of projects are going lower and lower. It may happen to DeFi too.
The fifth.
We're yet to see how long this Defi trend would last. But I'm with you with the other points that you have mentioned. Leaning forward to see $100k in the near future.
We're yet to see how long this Defi trend would last. But I'm with you with the other points that you have mentioned. Leaning forward to see $100k in the near future.
Defi and the companies using it as reserves imo is mostly speculation at this stage..
Defi is already here, billions are already entering, but I doubt it can sustain it's run.I dont think defi has been around long enough to assume it's secure and I don't know how well companies can do at securing assets in bitcoin. A couple of rogue employees could land them with nothing quite quickly.
Or just hackers breaking it and then stealing money, and I think we have one case already, wherein there was no audit whatsoever in the code that make investors lost their money. DeFi Meme Coin YAM Succumbs to Fatal ‘Rebase’ Bug, Makes Plans for ‘YAM 2.0’.Your points are strong enough but I think it is too far bitcoin to reach $100k in next 2 years. We know that from 2015-2020, bitcoin increased a lot but practically all the things have a system and limitation according to situation and time.
Anything that goes up too fast then it tends to fall at higher pace as well. But just like now how bitcoin is gradually rising with testing 12k range zone and falling back and slowly keep rising will help in long run. So 100k in 2 years is till unknow for the matter but only thing is that it should be stable every time it creates a new ATH.
100k in 2 years would be still a far-off price.
Was $20k not a far-off price in 2015 when Bitcoin was in the $200s?
Was $1100 not a far-off price in 2011 when Bitcoin was in the single digits?
Projecting a 10x increase over two years for Bitcoin during a bull run is not a far off price.
But we also need to realize that Bitcoin undergoes a big dip and has a hard time reaching another all time high in the last two years, we can't tell if somewhere along the way if Bitcoin will encounters that will make a big turn around again, I'm not being negative but we have to face the real picture that two years is such a short time for Bitcoin to reach that very high price I'm ok with $40 k.
Your points are strong enough but I think it is too far bitcoin to reach $100k in next 2 years. We know that from 2015-2020, bitcoin increased a lot but practically all the things have a system and limitation according to situation and time.
4 and 5 are mostly in the beginning stages right now. They could still stop and pretty much remove their effects on the current market. 3 is a given, heck, even I am pretty hyped up with what the halving would bring on the current uptrend of the market. 2 is still at tight ropes right now, especially since if the economy could suddenly bounce back, which is either unlikely or going to take a long time. as for 1, well, they basically have no other choice and path other than that right now. It'd probably be better for them to just let it happen, but by being prepared for it, at least they can minimize their losses. Still though, even with this, other safe haven assets still exists like gold, which is relatively safer so it's still up to debate whether they'd choose Bitcoin over others.
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