What are the economic and political dynamics that can positively drive bitcoin price to and above the critical price of USD20,000? Is this possible before the end of the first quarter of 2018?
In terms of political dynamcis I would say the recent statement be SEC and CFTC.
Furthermore Putin's statement to Blockchain Technology. This however doesn't mean russia is going to support the crypto space in any way officially.
Japan and South Korea are the leading nations in terms crypto adoption.
The recent statement by Germany and the EU Commission I see as positive as well. They know if they want to get left behind they'll have to go with crypto as well.
In terms of economics this was discussed several times. We know the legacy system is in big trouble and many markets overvalued and pumped by the nations' QE.
Bitcoin reaching 20k at the end of Q1 will not happen! If we reach that level at the end of the year I would already be very satisfied. We had 2 years of a crazy run. Therefore I think we shouln't complain and always asking for more in a short time frame.
On the other hand it's possible we are close to an exponential rise of s-curve adoption the next 1-2 years. So anything can happen.