What's going to push bitcoin to 200k?

[WAndreas]

Before China banned mining in 2021, more than 65% of Bitcoin’s hash rate came from China.

And if they suddenly agree to cryptocurrency, the impetus will come not only from creating a bitcoin reserve, but also from making the country open to mining. I think so.

 

[idajsursahdutu]

And if they suddenly agree to cryptocurrency, the impetus will come not only from creating a bitcoin reserve, but also from making the country open to mining. I think so.

It seems that cryptocurrencies have been opened in Hong Kong, China, but I think it will take a long time for their country to fully open up to cryptocurrencies.

 

[rankmasterx]

Bitcoin could reach $200K if more companies and institutions start using it, making it more popular. Clear rules and global economic issues like inflation could also push people to invest in Bitcoin. Finally, its limited supply means as demand grows, the price could rise significantly.

 

[WAndreas]

It seems that cryptocurrencies have been opened in Hong Kong, China, but I think it will take a long time for their country to fully open up to cryptocurrencies.

Hong Kong has been using them since June 1, 2023, but so far this has not made any headway into mainland China.

 

[idajsursahdutu]

Hong Kong has been using them since June 1, 2023, but so far this has not made any headway into mainland China.

Yes, but I think China will gradually relax its control over cryptocurrencies in the next few years.

 

[WAndreas]

Yes, but I think China will gradually relax its control over cryptocurrencies in the next few years.

I'm also of the same opinion. I think it will happen pretty quickly. And, most likely, it could be next year already.

 

[Sungurbey97]

Trump will take office on January 25. and all traders are waiting for that day

 

[WAndreas]

Trump will take office on January 25. and all traders are waiting for that day

Judging by the events that are happening now and moving the price, a lot more could happen before he gets to the White House.

 

[WAndreas]

David O. Sacks said bitcoin would enable the separation of money from the state by making it resistant to censorship by regulators.

 

[WAndreas]

The US is currently in possession of about 200k confiscated bitcoins if you believe. They could be transferred to the bitcoin reserve.

 

[zombiewalk]

Microstrategy buying and strategic reserve is pushing to BTC to 200k. Its pre-ordained

 

[WAndreas]

Microstrategy buying and strategic reserve is pushing to BTC to 200k. Its pre-ordained

It looks like the question with further upside is becoming a stalemate after the events of the past week.

 

[learnandearnwithseo]

Elon Musk accepting it again for Tesla.

Amazon integrating crypto on its platform as payment medium .

Same way any other big company allowing payments in crypto.

 

[natsuko]

That’s an interesting take, and the idea of a global race around Bitcoin reserves does have some merit. If major economies like China decide to reverse their stance, it could create a significant domino effect. On top of that, the next halving in 2024 could tighten supply further, setting the stage for a major price surge. However, geopolitical moves aren’t always predictable, so it’s wise to factor in other drivers like institutional adoption and regulatory clarity in major markets.

 

[Jiozseo]

Bitcoin could reach $200K through widespread institutional adoption, reduced supply from halving events, and growing use as a hedge against inflation.

 

[WAndreas]

Same way any other big company allowing payments in crypto.

Lamborghini, Porsche, Bentley, Rolls-Royce are also officially available for cryptocurrency. And for quite some time now. Has this given rise to a movement?

If major economies like China decide to reverse their stance, it could create a significant domino effect.

In this game, China may turn out to be one of the domino knuckles. It could be. But Trump has gotten a waiver from the frs so far.

Bitcoin could reach $200K through widespread institutional adoption, reduced supply from halving events, and growing use as a hedge against inflation.

That's a great idea! Now we just need to make it all work.

 

[Walter9988]

Time.
Just wait.
With time BTC with definitely hit 200k mark.
If everything goes well, we could see that figure in next 5-6 months.

 

[satyr85]

Inflation

 

[helinah]

Our motivate can push to reach 200k BTC

 

[Wankeyme]

Nothing in this cycle

What about now? Everything has changed.