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Once the next DIP happens we will certainly touch below $100K but my concern, if the US finally passes the deal on making reserves for the next four years it will certainly have an impact in what we get as the DIP, a complete tone of 200,00 Bitcoin in a year is a big buy that is supposed to affect the market even if all won't be purchased at once. This could only be the scenerio were Bitcoin won't go below $100K in the next bear run.
I doubt the that the USA adoption of bitcoin or any other government savings of bitcoin is required for bitcoin to go above $100k and never return to $100k again. We should not expect that bitcoin needs government in order to save it or to make it more likely to go up without as many or as large of downward corrections.
You’re definitely not wrong for questioning the validity of the claims that government adoption or savings are really what’s needed for Bitcoin to surpass and maintain a support level of $100k, and this is due several factors and reasons.
We all know that Bitcoin is a decentralized currency under a decentralized system, and this decentralized nature of the asset simply implies that the value and Adoption of the asset isn’t solely dependent on the government or any other centralized system or entity, but rather, its growth is been driven by several other factors.
Yes government adoption and savings can indeed provide an additional boost to bitcoin’s value and growth overtime but that doesn’t in anyway imply that it’s a prerequisite for the growth or success of Bitcoin.
The major drive of the consistent growth and adoption of Bitcoin over the years have primarily been the organic demands, as well as technological advancements and innovations.
So it’ll definitely be wrong to assume or think that government adoption of Bitcoin is the actual thing that Bitcoin needs to attain greater heights in the future, because Bitcoin made it this far without the support or adoption of the government and I’m pretty sure it has the potential of attaining even more greater heights with or without the government.