Bitcoin the king of the crypto market is now in the longest bear market in bitcoin history. Many people now believe that Bitcoin will never able to reach its all-time high ($20.000).
On the other hand, many traders and analysts predicate that Bitcoin will surpass the $100,000 milestone in the net bull run.
Please share your views what are the key factors of the next bull run and will fuel the price above $100,000.
I am a believer of Bitcoin and believes that in the next 5 years Bitcoin will be accepted by most of the big firms.
We are all too in a haste to make some drastic predictions for Bitcoin without really considering the factors that will make this happening. For bitcoin to really reach that price of $100,000 we really need mass adoption, we need people from diverse background to start using Bitcoin as a utility token. I.E payment of goods and services, payment of salaries and many more.
As companies use BTC for this, the beneficiaries will gradually be getting use to the system till it becomes massively adopted and every adoption stage will have its price value, so our target now is to seek for BTC adoption and then that value will be nothing for BTC to achieve in future.