What would continue to drive the market up higher from here? Serious question.
What always did.
Bitcoin is an excellent store of value. Can't be confiscated. There are 16,4 million bitcoins currently in circulation. There will be only 21 million. There are more than 7 billion humans on this planet. Central banks are printing new money in hundreds of billions every month. This is more than enough to drive bitcoin price to really insane levels.
Yes yes, those are all valid reasons long term for the price of bitcoin to rise to great new heights in the future.
So let me rephrase my question.
What specifically will be so earth shattering for Bitcoin within the next 6 months that price will rise from here to "insane levels"?
You guys do realize that the total crypto market hit a high of $116B, and now with even this mega pump we are only back up $92B? Not even back to over $100B, nor do I see that happening within 6 months.
If you believe in the exponential trend theory of bitcoin, the price should be around $4,500 now. The exponential trend fell largely out of favor during the long bear market but was popular in the earlier days.
So, a sharp, 50%+ rise may just be a return to the trendline.