Arguably, the most significant driver of Bitcoin value is its future price speculation. There have been several speculations of BTC price by top crypto influencers, while some have come to pass but it appears that the 100k price milestone appears elusive.
The $60k prediction came to pass but BTC has since lost more than 65% of its ATH price.
Do you think that BTC will ever rise to and above 100k in the near future? Wil it be before or after the next Bitcoin halving or this price would never come?
What's your opinion?
Don’t be too rush in reaching another all time high for bitcoin. We will get there eventually. However, just because we are in a deep bearish market, bitcoin price will stop moving forward? The market condition is only temporary, and so the current price of bitcoin too. History has proven that a lot of times. And as expected by a lot, a new all time is reach after bitcoin halving as it always bring good benefits to all bitcoiners, most particularly bitcoin miners.
I'm pretty sure Bitcoin will hit $100k for sure, but I don't know when that will happen. Certainly not in the near future, because right now
the bear market isn't over yet, so there's still a possibility that Bitcoin will fall even lower. Bitcoin still needs time to recover, so we really
have to be patient waiting for the Bitcoin price to reach new ATH. But what you say is true, it seems we have to wait for the next Bitcoin
halving to see Bitcoin price increase. Because based on the history of Bitcoin movement, it is proven that after the Bitcoin halving the market
usually becomes bullish and Bitcoin will reach the new ATH price. So our task now is just to be patient holding the Bitcoins we have until
the bull market comes, and the price of Bitcoin can reach $100k as we want. Especially if we have extra money, we can continue to collect as
much Bitcoin as possible in a bear market situation like now, so when the price of Bitcoin pumps we can generate large profits.