What's going to push bitcoin to 200k?

[WAndreas]

I think I know a driver that could send bitcoin to 200k in early 2025. And that driver is China. When they banned mining, the hash rate dropped by half. That could speak volumes. They currently have cryptocurrency under a complete ban. But if the U.S. does start creating a bitcoin reserve, China won't be able to stay away. This could result in a technology race. Which will propel bitcoin into a new orbit.
What do you think?

 

[Crytononame]

I think I know a driver that could send bitcoin to 200k in early 2025. And that driver is China. When they banned mining, the hash rate dropped by half. That could speak volumes. They currently have cryptocurrency under a complete ban. But if the U.S. does start creating a bitcoin reserve, China won't be able to stay away. This could result in a technology race. Which will propel bitcoin into a new orbit.
What do you think?

If China's competing with the US, why is there the dollar on Forex but no yuan? Bro, the Chinese communists will never let their money roam free overseas. That's why they kicked all the crypto bros out of the country. Thanks for not shooting them.

 

[XenProxy]

It has barely broken 100k yet. Looks like the market is pushing against it. I think once all the BTC has been mined, then BTC will increase and stabilize

 

[Dj Co2]

Nothing in this cycle

 

[WAndreas]

If China's competing with the US, why is there the dollar on Forex but no yuan? Bro, the Chinese communists will never let their money roam free overseas. That's why they kicked all the crypto bros out of the country. Thanks for not shooting them.

Why not? CNH designation. But, in fact, that's not the point, it's the opportunity to earn extra money. If cryptocurrency is strong, they will simply be forced to accept it in order not to leave the market.

It has barely broken 100k yet. Looks like the market is pushing against it. I think once all the BTC has been mined, then BTC will increase and stabilize

It has now exhausted its drivers, new ones are needed.

 

[bitoshi]

while bitcoins remain, it seems to me that the maximum will be 120k if all countries still recognize it as a legal currency, then 200k will be

 

[WAndreas]

while bitcoins remain, it seems to me that the maximum will be 120k if all countries still recognize it as a legal currency, then 200k will be

It's probably enough here if one China agrees to use them. Judging by how much the price has moved on the assumption of creating a Bitcoin reserve after the election.

 

[seomaster5]

I think I know a driver that could send bitcoin to 200k in early 2025. And that driver is China. When they banned mining, the hash rate dropped by half. That could speak volumes. They currently have cryptocurrency under a complete ban. But if the U.S. does start creating a bitcoin reserve, China won't be able to stay away. This could result in a technology race. Which will propel bitcoin into a new orbit.
What do you think?

They will not reverse that decision.

 

[WAndreas]

They will not reverse that decision.

If some accept, others will have nowhere to go.

 

[Crytononame]

Why not? CNH designation

The Yuan you see on Forex is a special 'offshore' version. And here's the kicker: its rate can't deviate more than 2% from what the CCP sets daily. Break the rules and you're out

 

[WAndreas]

The Yuan you see on Forex is a special 'offshore' version. And here's the kicker: its rate can't deviate more than 2% from what the CCP sets daily. Break the rules and you're out

Bro, but then the question was whether the yuan is even in forex. Yes, it's a slightly different yuan, but it is there. Did I cheat?)

 

[Crytononame]

Bro, but then the question was whether the yuan is even in forex. Yes, it's a slightly different yuan, but it is there. Did I cheat?)

Yeah, bro, you kinda cheated. The yuan isn’t actually on the Forex market—it’s only fully convertible currencies there. Offshore yuan (CNH) is available with brokers, sure, but so are any other currencies if there’s demand. They’d probably trade shell currencies too if people wanted them!

 

[WAndreas]

Yeah, bro, you kinda cheated. The yuan isn’t actually on the Forex market—it’s only fully convertible currencies there. Offshore yuan (CNH) is available with brokers, sure, but so are any other currencies if there’s demand. They’d probably trade shell currencies too if people wanted them!

No, bro, it's just a misunderstanding, I guess. But, listen, the yuan that is traded on the stock market is also outside of China. In other words, it's the same yuan that's traded on the forex. No?

 

[Deleted member 250950]

China won't be able to stay away

Completely disagree infact china never follow any country accept china itself

There won't be any day which came true when china accept crypto (Chinese government never let rule anybody them) which includes, any country, any people, any currency etc…

Bitcoin took 14 years to almost complete 100K mark
Bitcoin will take atleast another 5 years to complete 200K mark

Nevertheless its crypto (not delusional world)

Expect the unexpected things in crypto space

POV :- countries like chine, south Korea, India never accept Bitcoin ever just because of the government propaganda

Thanks!

 

[WAndreas]

There won't be any day which came true when china accept crypto (Chinese government never let rule anybody them) which includes, any country, any people, any currency etc…

And if it starts to affect China's economy? What if the U.S. manages to cover part of its national debt with bitcoin? It is most likely that other countries, including China, will follow suit. Why not?

 

[Deleted member 250950]

And if it starts to affect China's economy? What if the U.S. manages to cover part of its national debt with bitcoin? It is most likely that other countries, including China, will follow suit. Why not?

Just want to add this that china is second enormous country in the world which has more power than united states in terms of production, supply & demand to fulfill the entire world

95%+ products still made by china which we use in even in regular lifes (even that m include the cell & the computer from where you typing this thread)

China never follows any other county suit at any condition whatsoever (infact everyone knows but nobody want to admit that) include digital currencies cummuntiy

 

[WAndreas]

China never follows any other county suit at any condition whatsoever (infact everyone knows but nobody want to admit that) include digital currencies cummuntiy

But it is precisely because they are adopting new technologies and innovations everywhere that they have been able to achieve such results. And they have proven time and again that they can respond flexibly to changes in the economic and financial sphere, protecting their interests. And if (suddenly) they decide on cryptocurrency, this could be a new driver for the way up. I think so.

 

[Deleted member 250950]

But it is precisely because they are adopting new technologies and innovations everywhere that they have been able to achieve such results. And they have proven time and again that they can respond flexibly to changes in the economic and financial sphere, protecting their interests. And if (suddenly) they decide on cryptocurrency, this could be a new driver for the way up. I think so.

Of course, they adopting new technologies to grow their own country so that they can top of all markets

But adopting any currency will not just grow country instead that will rule adopted country (which china never let this happen ever)

If you look into chinese history you’ll definitely agree with me after that.

 

[WAndreas]

If you look into chinese history you’ll definitely agree with me after that.

Yes, of course, I don't mind, that's the way it used to be. There was a time when everyone was separated from China by a concrete wall. But that's history. How will events develop in the future? Probably - yes, I agree, as history suggests, but I will not completely deny the rejection of cryptocurrencies (although they are treated quite harshly at the moment). I realize that the translator still distorts the sentences, but I think you get the gist.

 

[Deleted member 250950]

If we just talk about the price prediction while keeping aside the countries' adoption things then I would say the crypto market is manipulating the market anything can happen at any time in just a fraction of sec or minutes

Even 500K - 1 million possible if whales decided to take the Bitcoin on top

We retailers can invest and trade crypto wisely in the same way as any other stock aspect