Supply and demand is certainly the key here as demand is increasing globally, especially in countries with a poor economy. And bitcoin is deflationary, not enough coins minted, with less being produced after each halving event
if the time comes that bitcoin is still the major coin,the price will be better due to the demand in the market internationally. Once the government of major countries accepts the use of cryptocurrency it will be the next big thing.
Big countries are hard to convince because they also have interests, they have banks to protect which is the opposite of crypto since we are
decentralized here. Everyone should continue promoting crypto, educating people so the government will see that we are still supporting despite
our bad image to some who does not fully understand what crypto is for.
The proper regulation will lead to adoption and i think in time we can achieve that with our government being positive with crypto, and when
big countries adopt, everything will follow and we will have a constant growth.
Cryptocurrencies have been created as an alternative to the overly regulated world of traditional finance, which generates an increasing concentration of capital and power in the hands of banks and large corporations year after year.
In essence, the digital currency market is as close as possible to perfect competition. Such a model implies a free exchange, free of coercion and without extraterritorial coercion, on the will of the interacting parties.
If digital money is spread as much as possible, banks will lose their power over people. Nowadays, banks are parasites that do not produce anything, but only rob people. In essence, banks should help countries develop, not rob from, for the sake of their profits.
Cryptographically protected digital currencies in distributed networks are clearly not in a position to "win". However, the actions of major players in the world of traditional finance can create certain obstacles to the growth of the cryptographic industry, in particular the development of its infrastructure. In the future, the trend towards regulatory barriers in the form of KYC/AML, various limits and other tricks for governments and banks to make it difficult to purchase cryptographic assets through popular payment methods may be expected to increase.