If btc goes to 100k it will "only" have (more or less) doubled from its ATH.
From there it will need to rise another 100k in order to double again. I don't say this is not a good investment, but first of all crypto owners are spoiled, until up to now we were used to 10-fold, 20-fold + increases, so doubling the money has not been really special.
But this smaller reward ratio is paired with a much bigger risk ratio, since btc's swings in a correction period will also get bigger.
For hodlers who are in from the very beginning, it won't matter much probably, but where will btc find new buyers when it has reached 100k and needs to go up another 100k in order to double again in price?
And the fear of FOMO will also become smaller, as people will at one point accept, that the train has left the station.
Of course, should btc show convincing signs that it could reach 1 Million very quickly, then the whole picture changes.
indeed we cannot predict the price of bitcoin 10 years from now, whether the price of bitcoin at that time will reach $ 200k or bitcoin will be lost forever.
at this time we can only think about the price of bitcoin in the future, but we think that the price of bitcoin will be more expensive in the future because we see a lot of transactions happening in the crypto market so we conclude that the price of bitcoin can continue to rise from year to year.
those who buy bitcoin at the price of $ 56k because they think that the price of bitcoin will continue to rise from year to year as has happened before.
if the price of bitcoin reaches $ 100k then there will be less beginners to buy bitcoin because the price of bitcoin is already very expensive, they think that to get a very large profit is very difficult because from the price of bitcoin $ 100k to $ 200k it might be very difficult and if it can reach $ 200k it will take a very long time.