In my opinion, it is possible for bitcoin to reach $100k, as I've read other's speculation about bitcoin it can hit a new all time high record this year. That's true it is on demand and supply since other huge insitutions also acquired bitcoin which gives a huge impact on the price. Although many assumptions on bitcoin at what price it will cross by end of the year I’m still on positive vibes on this bull run season will take longer.
I believe that needs to continue for a while before bitcoin could be at a level where it could reach to 100k, because at the end of the day if we can't get those huge companies to keep investing their money into bitcoin, how could we get the price to 100k?
We can't possibly do that ourselves, we are going to end up having a bit of a trouble, and because of that the reality is companies are required for price to reach to 100k, and this is going to be something quite easy for us since we are going to end up with companies coming in if we are lucky, 100k is nothing if they keep investing billions, we never had that kind of power before but with this kind of investment we will definitely need. I guess it all depends on wall street to get in, if they do, 100k is nothing, if they don't we will have a long way down to levels we can hold our own.