Topic: Top 5 reasons I see $100k in next 2 years - page 5. (Read 862 times)

The 5th one here is only a unique for me now.
We all know that the first one, we really experienced this for past few years but a little less. The DeFi thing is kinda new and I am excited and curious how it can be trigger the Bitcoin price, well, it's still not 100% sure for now.
For me, the most common and have more posibility is the block halvings of Bitcoin, since this is one of the important event on Bitcoin for me.

Economic crisis, printing of more money causing dollars and other top currencies to drop it's value, the 4 year Bitcoin cycle, the Defi hype, and the very bullish predictions. These are just some of the things I've seen as the leading factor that drives Btc to reach new ATH.
However, I won't be too comfortable with the $100k range, though I already have a plan on saving like 50% of my wallet in case Btc are really hitting that range.



This statement always made sense and will convince investors to turn their beliefs that Btc might hit the $100k ATH. Though some also believes that the realistic range Btc would get next year is around $30k. Let's just see what happens next.

Doesn't matter, as long as that speculation locks away BTC supply. 0.18% of all existing BTC are already locked in DeFi contracts through assets like WBTC. That's 0.18% less BTC that can be dumped on the fiat market (realistically much more than that considering how little circulating BTC actually gets deposited to exchanges). With all the investor interest in DeFi platforms, I expect that proportion to rise significantly over the next year or two.

Just like altcoin bull markets, anything that sucks BTC supply away from the BTCUSD market is bullish for Bitcoin.

Fees are really high with defi and the more funds in it, the more lucrative it bnecomes to hack.
It looks like a lot of currencies are tryihng to roll out defi support so there's likely going to be one produced by someone with no idea what they're doing...

True bitcoin DEFI won't be possible until some sort of cross-chain compatibility occurs or the bitcoin chain is adapted to allow it directly. Also in order to earn interest with defi you have to have people happy to borrow it for that rate (rates have already dropped by half since I put funds in about half a year ago).

Bitcoin isn't like a bank account, you can't just reroute where the funds go if the CEO disapears or something. Giving the CEO and directors acccess to a multisig is a way to go, but every time one leaves - you'll have to generate a new multisig address. You'd also have to put plans in place in case a tragedy hit one of the offices and a large number of workers suffered injuries great enough to make it so shareholders/new management can't access the funds.


Same problem as before but potentially even more of a problem. You can probably expectg terms in that contract to say something along the lines of: "funds held by us may be lent to companies that we consider reputable" like most other places do and then if some funds get lost - what do you do about that? Especially if the company already nullifies its burden.

I dunno about that stuff. I just know DeFi seems to be coming into its own now after gradually gaining popularity the past couple of years.

Most ICOs being nothing more than white papers with no market for the product didn't stop the ICO boom from adding hundreds of billions of dollars to the crypto market cap in 2017. And DeFi seems a lot more legit and long-lasting than ICOs because it is actual financial products being put on blockchain, rather than just financing hype and hoping to get out quick after a big pump.

With already tens of thousands of Bitcoin tied up in DeFi and Bitcoin only just the past few months really becoming a popular collateral for DeFi, and if we say there's only 5-10 million Bitcoin that will touch the market during the run-up of the bull market, it's certainly possible that up to 10% of the available Bitcoin in the market could be tied up in DeFi in the next two years.

And I don't see a problem with companies securing Bitcoin assets. Bitcoin is inherently secure. Bitcoin is only not secure when it needs to be kept online in hot wallets, which is why exchanges have problems. A company putting a few percent of their cash reserves in Bitcoin for the long term would be holding all that off-line with extremely secure access. They won't be giving access to random employees. Or they'll store it in some institutional custody service where they don't have to worry about it at all. Ability of companies to safely store Bitcoin is not a problem.

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.

Defi and the companies using it as reserves imo is mostly speculation at this stage..

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.

Those are presumptions but we cant really totally point out fingers that those thing will surely happen specially in talks of institutional money would flow to crypto which is unlikely to happen -
or there might be a small percentage but going all in would be impossible.

Economic Crisis, Halving, DeFi .. All of those things might correlate on market movement but it wont be a precise thing for someone to make it as a solid reference towards his
investment

100k in 2 years would be still a far-off price.

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)

Basically, inflation + money printing that can go into Bitcoin + desire for hard money + institutional investors and companies getting more comfortable with the idea of bitcoin + halving + DeFi + obviously the ensuing retail frenzy that will result once price starts heading north of ATH = $100k+ peak by end of 2022.


Normal link to Medium article

Friend Link to Medium article in case you can't see it behind the pay wall.


What do you think of these five price drivers?
Do you think there are different main drivers of price this market cycle or you don't think some of these will pan out?