How to grow bitcoin price to $176,190.48?
Solution is simple, Putting up bitcoin as flow cash in the economic by rich bitcoin owners
I think a big drawback that stagnates the growth of bitcoin, is major amount of bitcoin are owned by handful of a rich person that are waiting some miracle on laws regularization and other handful of people, are waiting for it increase in value without, them having to do anything.
Very very accurate point. I think that this is also the reason why the trading volume of bitcoin is very low (close to stagnant) these days. I think that the majority of bitcoins are accumulated to little actors in the ecosystem, maybe miners, early adopters etc. They just hodling Bitcoins and just waiting for them to increase in value only with Marketing or news.
It is very difficult so this to happen. We need a real usage for cryptocurrencies that will increase the demand for them and eventually their price.