Pls don't misunderstand, just an assumption: if Bitcoin were to reach $500 again today, do you think people would still be willing to buy?
In my opinion, it would have two implications. Firstly, it would likely have ruined many people's investments and life savings, considering those who bought in at $10k, $20k, or even $100k.
Secondly, it would reinforce the skepticism of those who don't trust digital currencies due to their perceived unreliability. So, if it happens, would you still buy it?
There are some level of assumptions for Bitcoin price that we are not surposed to engage in it discussions, and for as much as we play cool with the volities in Bitcoin market it still give us some level of confidence,that Bitcoin price has stable at so level, Bitcoin can't drop below $20k in the next two three years ahead, and rather Bitcoin could go triple the current price and still counting so let not engage too much in this discussion.