Post
Topic
Board Speculation
Re: What if BTC won't see ATH again?
by
Gallar
on 22/07/2023, 08:48:53 UTC

So, let's collect here the reasons why there will be ATH for BTC.
Name one (at least) reason, please.

In my opinion, bitcoin still has a very big chance, to be able to reach a new ATH, in the years to come. Why do I think like that, it's all because the trend and popularity of bitcoin among people is getting higher and much in demand. So if this continues to run smoothly, in the future it is certain that in terms of market demand for bitcoin will be even higher, and so the price of bitcoin will automatically increase.

So basically I agree with this opinion.
Quote
1. "More than 90% of the people in this world has not yet bought bitcoin, do not worry, the adoption is still continuing. You will still see bitcoin at $100000 ane more."



Quote
3. "We might see multiple ATH in the future once fiat explode. Bitcoin is the alternative and safe haven for people to escape inflation."
But I don't agree with this opinion. What does fiat mean by exploding, I think for now, this opinion is excessive. Because after all, fiat will definitely exist, because it is the most absolute payment system in many countries. Indeed bitcoin can be an alternative for a payment, but if it is to replace fiat money as a whole, in my opinion this will definitely have pros and cons and will definitely be difficult. Even though at this time, there is a country of El Salvador that has successfully adopted bitcoin as a means of payment. But still the previous currency is still used.