Quote from: CageMabok on Today at 12:53:00 PM

Quote from: Kadal Ijo on August 03, 2023, 01:17:35 PM

Of course everyone thinks that the next bull run can touch $100k or more, I'm also optimistic that the next bull run can reach $100k, if you look at the current market conditions, of course we have to be realistic that a bull run will be difficult to happen in the near future, as long as there are no strong trigger factors so it will be hard to see $100k in the near term, naturally it's possible that $100k price will occur in at least 3 years.

It's not just about timing, it's also about pushes and triggers that can happen to Bitcoin in the market, because in general it's still very realistic to expect a $100K price in Bitcoin as long as it's not in the near future. Now everyone is still seeing that the price of Bitcoin is still not close to the $35K range and is still struggling to continue to be in the $30K range, which means that right now we need rich people who believe in Bitcoin to buy as much Bitcoin as possible so that the price increase can be seen immediately significantly.

Most likely they are already doing so, it is just they are not telling the world what they are doing as they are still trying to accumulate as many coins as they can, but you can be sure that once they are comfortable with their bitcoin on their wallets they will begin to tell to anyone that is willing to listen what they are doing, and once the halving takes place those news will get more and more common, and that is when the price will begin to increase as the demand for bitcoin increases while the supply available to the miners gets reduced.