Quote from: tabas on April 30, 2024, 08:58:07 AM

Quote from: Smilevictorobinna on April 29, 2024, 11:57:18 AM

There are certain occurrences that can reduce or bring down the economy of a particular Nation there by also making there currency lose value in the world market for example war.

And there are also certain occurrences that can increase or rise the economy of a particular Nation there by also making there currency gain more value in the world market for example emergence of good and intelligent government.

Therefore I believe there are certain occurrences that will increase the price of Bitcoin to a very magnificent price.

for me adoption of Bitcoin as world digital currency.

I will also love to hear from everyone in this forum what you think can occur in the future that will increase the price of Bitcoin to it magnificent price.

It's too plain and common to say that we need massive adoption for Bitcoin's price to increase. Yes, we all knew about that but it's all there and we have to recognize what are those factors, the main one for this bull run to come is about the halving. So, that's the first one and the next one are the Bitcoin spot etfs that will drive more demand to it and they're also happening. There might be need for some positive news that will report the massive buying of many but at this time, we have to wait. It's said that next month, we migth see some actions while being stagnant currently with the prices.

I believe the occurrences that OP meant are know as volatilities. These volatilities become responsible for affecting the price of BTC when the market demand and supply chain gets affected, so that, it is called a dip or pump in the market prices. Varying events like the halving, whale movements, new initiatives like the spot ETF and new investor demands, also do much to cause the price of Bitcoin to either increase, decrease or be stagnant for a while.