Post
Topic
Board Speculation
Re: Bull Run in Bitcoin
by
lizarder
on 04/03/2022, 06:36:07 UTC
I sometimes think that bitcoin and crypto market are now matured and we may not see extended bull or bear runs. Bitcoin will reach a hunderd thousand dollars or more but it won't be a parabolic move. What are your thoughts on this ?
Bitcoin will definitely exceed $100k but it won't be a parabolic move it might even taker longer to get there and this where they hodlers play a role to make this achievable. Once the demand exceeds supply there will always be room for inflation just like the Russian and Ukraine adoption lately caused a spike in price. Crypto also obey the laws of economics
nothing is impossible bitcoin reaches $100k, but not in the current state, considering the world chaos is not in a normal state for bitcoin, although this doesn't specifically affect bitcoin, if demand exceeds supply, bitcoin will strengthen at a higher price , because there is no balance, the law of economics shows, that every increase in demand, then the strengthening of prices tends to follow greater