Hi everyone,
There's a lot of talk about
BTCBitcoin potentially reaching 100,000 USD in the next year. What do you think? Can BTC hit 100k in 2024?
Looking forward to your thoughts.
We are all looking forward to Bitcoin reaching that high and historical level ($100,000) but let me tell you, if anyone tells you that it will "certainly" reach that level, that person is deceiving you. No one knows what the market would do and Bitcoin has not hit that level before to warrant us being empathetic about it, so any price calling can never be professional, the market doesn't work like that. It is all about our wish and hope now, and we pray that it hits that level so that we can make more money.
However, my concern is the fact that Bitcoin is not showing so much seriousness in this regard and what I see now as more concerning is the fact that lack of liquidity could be an issue. I've raised this issue many times but people think I was being overbearing about it, but well, let's see how things go. My reason for the concern is the fact that liquidity is not just coming from thin air, it comes from the pocket of some people. If there are no new adopters of Bitcoin who can inject their capital, it then becomes an issue. And in contrast to how people expect it, they believe that some whales will push it toward the $100,000 automatically, but nothing is magical here.
Wait a minute, which whale doesn't like money and wouldn't have bought Bitcoin at a low price? Haven't those guys thought that these investors are not new to investment environment and market psychology? Didn't they know that they know the beauty of buying low and the danger of buying at a high price? This is what many will not consider despite being a concern because the love of Bitcoin has blinded them.