That's an interesting point! The post-halving bull runs have historically been significant, and it's true that Bitcoin's value has shown a consistent upward trend over the long term. However, what factors do you think will most influence whether Bitcoin can reach $100,000 by the end of this year? Are there specific market conditions, adoption rates, or regulatory changes that you believe will play a crucial role?
Also, considering the volatility of the crypto market, what risks should we be aware of that might prevent Bitcoin from achieving these high expectations?
Looking forward to hearing your thoughts!
Considering what has happened in the past during the Covid-19 pandemic, when bitcoin dropped to $3k or thereabout. I think the only thing that will prevent bitcoin price from getting to $100k is world war III or a global pandemic that is threatening the global existence of humanity. If nothing like this happens, then I don't see anything that will prevent bitcoin from getting to $100k. Even though we don't rely on past occourance 100% to determine future performance, but most times, history helps us to project the future. Secondly the level of adoption from government and institutional organizations will also help to push the price of bitcoin to $100k. The more money that keeps flowing into bitcoin has a great role to play in driving the price upward to $100k and above.