Try not to depend on this expectation, seeing bitcoin at $30k is sufficient for most financial specialists to begin selling revenue driven which is a significantly an excellent return, before the few individuals who are happy to hold up till $50k gets the chance to see it, there would have been enormous dumping that will make it begin cycling once more, and presumably will dip under $6k at that point.

Thus, before bitcoin can truly achieve that, it would be the point at which we have numerous individuals holding it for utility reason and not for speculation. I likewise question if forbidding of miners from china will have that enormous impact since china isn't the main nation mining bitcoin, those miners also will  simply move to other Asian nations to proceed with their gainful mining business.