as per title how you recon the market is affected by individuals in countries like turkey, venesuella, brasil, argentina, russia, china, india (etc) which currently experience major currency devaluations against the dollar? normally it would be rather common practice to hold dollars as a hedge against the central bank's fiat denominations. though in countries like india they prefer gold. so now that an alternative is present how much buying pressure would it create to perhaps affect the bitcoin trend?
That is exactly the only reason I believe bitcoin will definitely be higher than what it is right now.
Bitcoin will worth a lot more in the future for sure just because of two things. One is the mining will cost more because of halving, however this has nothing to do with our current topic in hand.
National currencies always devalues, look at house prices 50 years ago and look at them now. Look at the car prices, salaries, school costs, you look at ANYTHING and dollar lost value against it, burgers cost more today than 10 years ago. Now why wouldn't bitcoin be worth more against dollar over time ?