Very interesting to see all your comments, exspecially now that the price pumped hard due to Telsa buying.
Do you think that this might have a huge impact on the further sequence of events for this year?
I am still or rather more than before interested in your predictions.
Well how the time goes people are more optimistic and for a reason. I think Tesla is only the beginning of big companies investing in crypto. If we look globally the economic situation will be only harder with pandemic around and with printing more money. So investing money in crypto is a safer bet then keeping money in banks.
The frequency will actually decide on what is going to happen with the price more than "will it" because we know those huge companies will get into bitcoin for sure, we just do not know when. Let's say price reached 60k but dropped to 40k without anyone going in it with a huge sum, then some huge company buys 1 billion dollars worth of bitcoin and price becomes 50k+ again, and once again not many people invest and drops under 45k levels and some company buys again and this cycle continues that means the price won't be going too high nor too low neither, it will be around those same levels.
For that specific reason I feel like we are in a situation where we need companies to go in back to back in order to actually make the price go up, otherwise we are not going to have any increase and just ups and downs around the same prices for a very long period.