What Will it Take For BTC to Reach $1000?
Let's discuss.
For sure spread of the word and better known of it from the people. This is happen to Chine and thanks God china is a big country. This made true your desire. Today bitcoin is a little much more than 1000 us dollar and hopefully will continue this way even for some or much more time.
The China is the biggest market for the bitcoin at the moment. If they use a lot, that is very good for the bitcoin price.
China is the biggest mining heaven in the word without any doubt but no one stopped anyone from investing this big in mining,they did that and they might reap the benefits later but i am not sure about their return of investment even with the current price of bitcoin. The price is bound to move further and if the Chinese invested then they know that the price would triple in future.
the problem is when they decide to dump the market
over 50% bitcoin mined and owned by chinese group
they can play with the market easily if they wish , so far they did it already i guess
that's what makes some people think that bitcoin is just an illusion.
So you think the price right now is being played by the chinese? Well i havent heard that 50% bitcoin mined by chinese people it is my first time to hear that well if it is really true i do agree that they could play with the price right now they could dump it ! Well if they are united and trying to play with the price but i think it is very rare to happen that they play the price of the bitcoin.