Another reason that has not been mentioned just yet is the rate at which the US government is printing money, due to the covid19 pandemic taxes have gone down and expenses have gone up and the US government instead of raising an emergency tax like it was done in times of war decided to just print the money.

This is easier to accept for the population but the effects are more insidious over the long term, this means that inflation will kick with a vengeance during the next years which means an increase in the price of bitcoin beyond its current levels.