I am having some troubles - especially with your last line.

You are recognizing that BTC prices are not far from $100k.. but also seeming to suggest a need for some kind of exponential event.

Remember BTC prices have already made it to $69k.. and thus $100k is ONLY about a 45% increase from that $69k price.  Yes, we are currently at a bit more than $44k, so $100k would be right around 125% price rise from here...

Yeah, such price appreciation up to $100k would not be a cake walk,  but I would not presume bitcoin to be incapable of decently correction minimized price jumps of 5x-20x within relatively short periods of time.  Current market cap does not cause those kinds price runs to be out of the question, even if such price runs are likely to be lower chance events... in other words, it seems that people who speculate about $100k as being some kind of outrageously high price for bitcoin in which everyone is too rich to sustain it, seem to be failing refusing to recognize that people had similar ideas about $10k - especially in 2015, 2016 and 2017.. and even when many faces were melted.. bitcoin got to $10k and even doubled $10k for a short period of time without a whole hell of a lot of effort - even though it took another 5-7 years before $10k became a not too likely to be seen again bottom.... good luck to anyone still waiting for BTC prices in the $10k arena, even though not that long ago, $10k was a pretty difficult to imagine price for a lot of folks - beyond the seemingly bitcoin delusional.