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.
One of the main reasons why the price of Bitcoin can be increased in the future is due to new initiatives being launched. We talked about the spot ETF that was launched before the halving event and we see how the hype around it made BTC price get to an ATH of $73k.
When new initiatives emerge, new whale investors come on board and new demands more than before comes, we would see the price of Bitcoin increase significantly.
Yes, that's true, but you have to pay attention to current events such as the ongoing economic crisis, inflation, war and various other events which caused the price of bitcoin to return to $60K which made some people panic to sell it.
The halving process is still ongoing, we just have to see what investor response is like because regarding the ups and downs of Bitcoin, it can be seen from the strength of supply and demand, the more demand for Bitcoin prices, the better. it will make the price of Bitcoin higher.