I’ll give you 6 reasons for thinking that it will.
- Historical Price Action – Bitcoin’s all-time high price is about $64k. You’re basically asking if BTC will come back to just below its previous all-time high. With every bull run, BTC has exceeded its past ATH by at least 3x. If we see another bull run, then we’ll definitely see that $60k mark.
- Mass Adoption – The adoption of Bitcoin by more people, businesses and governments around the world. This could increase the demand and value of Bitcoin, as well as its legitimacy and acceptance. PayPal has recently entered the crypto market issuing its own stablecoin and Block has long been working to integrate BTC into a payment system.
- Bitcoin Innovation – The innovation and development of the Bitcoin network and its technology. This could improve the scalability, security and efficiency of Bitcoin, as well as introduce new features and services that could attract more users and investors. One of these is the development of Bitmap Theory — so you can trade whole metaverses on BTC now.
- Bitcoin Regulation – Bitcoin is the only cryptocurrency the SEC will unequivocally state is a commodity. That means firms are free to list and hold the coin without worry of being sued.
- The Lindy Effect – This is a law that states, basically, that the longer a technology has been in existence, the more likely it is to continue in existence. Applied to BTC, it means that BTC is likely to last through 2025 and beyond.
- Blackrock – Blackrock is creating an ETF for bitcoin that will be HUGE. Billions and billions of dollars will be spent buying Bitcoin, making it one of the BEST cryptocurrencies to own.