What’s NEXT FOR BITCOIN

[IceLincoln]

Since the emergence of Trump as president elect bitcoin price has risen by more than 30%.
As the day goes by, it keeps showing strength.
According to fundstrat’s Tom Lee who says he sees bitcoin hitting $100k before the end of the year and $150K soon after. He said this few weeks ago.

Last night, Bitcoin reached a new all-time high above $97,800, in the last 24 hours, positions of overzealous traders who went short have been liquidated.
Now $100,000 is just around the corner.

Most altcoins did not react to the rise of the leading cryptocurrency, and as a result, BTC dominance increased to 60.6%.

He also says “bitcoin is becoming more and more a hallmark of this next administration and can help solve some of the deficit concerns”
We can all see that this Trump administration will favour us as crypto enthusiasts and the projection of bitcoin hitting 200K next year is feasible.

-  With the Appointment of pro-crypto officials as SEC Chair and U.S. Treasury Secretary under a new Trump administration.
-  Establishment of a national strategic Bitcoin reserve in the U.S.
-  Relaxation of industry regulations; 
-  Fulfillment of several of Trump’s campaign promises related to mining, stablecoins, and more.
These are key factors that will drive the price more bullish in the coming year.
With the establishment of the National Strategic reserve in the US, soon other countries will start adding bitcoin to their strategic Reserves.

We might even see more countries adopting Bitcoin as legal tender in the near future.

China has already started changing its mind about bitcoin, as it has lifted its ban and acknowledged bitcoin as a legal digital currency.

There’s still MORE that will happen with and around Bitcoin.

[COBRAS]

nex - 200k in 2025 year.

[Alpha Marine]

This is relatively just the beginning for bitcoin. I do not delude my self that I'll ever see bitcoin as a globally legal tender, but I know there's a lot in stor for bitcoin.
So many people expected bitcoin to just be something that will die down in a few year, but they've been proven wrong. The rest that expected bitcoin to keep crashing are surprised it's getting to 100k now With time more people are going to realise that bitcoin exactly what it says it is and they will start t embrace it.

Trump openly hated on bitcoin and crypto in 2019, but in 2024, he seems like the biggest fan of bitcoin.
Even if it is politically motivated, the fact that bitcoin is big enough to make politicians feel that can use it to sway votes is a win. All that's needed is just and bitcoin will keep getting bigger.

[finaleshot2016]

Everything is getting crazy! The $98,000 mark alone is wild, and now $100K is literally within touching distance. The Trump factor here is interesting too. If this administration is going full pro-crypto, with moves like appointing crypto-friendly officials and creating a national Bitcoin reserve, that's next-level bullish that will make people buy more bitcoin. Imagine other countries following suit and adding BTC to their reserves, this could really solidify Bitcoin as the global standard.

I’m still surprised that altcoins didn’t move much, though. Usually, you’d expect at least some of them to follow Bitcoin’s pump. Instead, BTC dominance is just climbing higher, it feels like we’re heading back to the 'Bitcoin is king' days. I’m holding too much ETH and SOL. Luckily, SOL is following in Bitcoin's footsteps, but ETH is taking a lot longer to catch up. Hopefully, I’ll see both of them on top soon.

[serjent05]

Everything looks possible during the hype and government attention is always there when there is profit to made.  Although there are lots of possible things when government and politics are involved especially on the adoption and acceptance of the masses, there is always a catch in this.  I will not fully celebrate that there are more and more countries getting interested in Bitcoin because whenever the government steps in, there is always this rules and regulation not saying the taxes they will implement from one's profit gain.  

Yes Bitcoin might be up to 150k before the bull run ends, but I hope countries who got interested and decided to take advantage of the opportunities and technology Bitcoin brings will be fair enough to implement laws and regulations that is crypto-friendly.

[Helena Yu]

The next is Bitcoin will be in jail because government keep buying Bitcoin which make the price rose really high, but in the end they will acquire almost all of Bitcoin and don't want to sell their coins, instead they will sell the ETFs version.

But, I'm thinking too much, maybe it would happen in the next decade(s).

[Gladitorcomeback]

Everything is getting crazy! The $98,000 mark alone is wild, and now $100K is literally within touching distance. The Trump factor here is interesting too. If this administration is going full pro-crypto, with moves like appointing crypto-friendly officials and creating a national Bitcoin reserve, that's next-level bullish that will make people buy more bitcoin. Imagine other countries following suit and adding BTC to their reserves, this could really solidify Bitcoin as the global standard.

Sometimes, I wonder, what if most countries decide to buy and store Bitcoin as reserves to sell it later? Each big country can at least buy 500k Bitcoins or so very easily, and with that, they would acquire a big chunk of the total circulating supply of Bitcoin. What will happen then? And then, if they all start dumping their holdings at once when the price starts crashing, it's going to be devastating.

I’m still surprised that altcoins didn’t move much, though. Usually, you’d expect at least some of them to follow Bitcoin’s pump. Instead, BTC dominance is just climbing higher, it feels like we’re heading back to the 'Bitcoin is king' days. I’m holding too much ETH and SOL. Luckily, SOL is following in Bitcoin's footsteps, but ETH is taking a lot longer to catch up. Hopefully, I’ll see both of them on top soon.

Most altcoins are moving extremely slowly. SOL, as you mentioned, is still doing surprisingly well. Those who are heavily invested in altcoins must be worried about the conditions because usually we expect altcoins to move at a higher pace than Bitcoin in a bullish market but this time around, things are completely different.

[Ziskinberg]

The next is Bitcoin will be in jail because government keep buying Bitcoin which make the price rose really high, but in the end they will acquire almost all of Bitcoin and don't want to sell their coins, instead they will sell the ETFs version.

If they buy it all and hold onto it without selling, there’s no way adoption will grow. And forget about ETFs, they’re not heading in that direction. Their focus is just on regulation and squeezing tax revenue from it, plain and simple. The reason they’re interested in Bitcoin is already clear: they want it as a strategic reserve. But even that goal, like the US supposedly planning to acquire 1 million Bitcoin, is still up in the air.

What we’re really seeing now isn’t them buying but the hype going through the roof, causing people to jump into FOMO mode.

[FortuneFollower]

The next is Bitcoin will be in jail because government keep buying Bitcoin which make the price rose really high, but in the end they will acquire almost all of Bitcoin and don't want to sell their coins, instead they will sell the ETFs version.

If they buy it all and hold onto it without selling, there’s no way adoption will grow. And forget about ETFs, they’re not heading in that direction. Their focus is just on regulation and squeezing tax revenue from it, plain and simple. The reason they’re interested in Bitcoin is already clear: they want it as a strategic reserve. But even that goal, like the US supposedly planning to acquire 1 million Bitcoin, is still up in the air.

What we’re really seeing now isn’t them buying but the hype going through the roof, causing people to jump into FOMO mode.

Yeah, we will be able to judge the situation maybe in a year or two, but for now - it's all foggy and smoky, with the promises made from all the corners.

[betswift]

Everything is getting crazy! The $98,000 mark alone is wild, and now $100K is literally within touching distance. The Trump factor here is interesting too. If this administration is going full pro-crypto, with moves like appointing crypto-friendly officials and creating a national Bitcoin reserve, that's next-level bullish that will make people buy more bitcoin. Imagine other countries following suit and adding BTC to their reserves, this could really solidify Bitcoin as the global standard.

Sometimes, I wonder, what if most countries decide to buy and store Bitcoin as reserves to sell it later? Each big country can at least buy 500k Bitcoins or so very easily, and with that, they would acquire a big chunk of the total circulating supply of Bitcoin. What will happen then? And then, if they all start dumping their holdings at once when the price starts crashing, it's going to be devastating.

Don't think that would happen simply to due how countries view BTC for now - too much of a gamble for them now, not tested too.
They've got other tools to play around with to achieve pretty much the same results - profit, from taxes, regulations, etc.

[Ever-young]

i'm exiting with next year 2024 100k and 2025 is more than 200k

We are just a few hundred from reaching $100k. Which reaching their is already certain and evictable; it's just a matter of days before we achieve that price. 
 
$200k for 2025 is what I really don't know how possible it is for us to hit that price; I can't recall how long it has taken since the $100k level was speculated. It's not as if bitcoin can't get there, but it's just that I like to go on low expectations and be hit by surprise than to have high hope and be hit by disappointment. For 2025, I assume we can cross to $150k before the end of the bull run, which we are just at the tip of.

[FortuneFollower]

i'm exiting with next year 2024 100k and 2025 is more than 200k

We are just a few hundred from reaching $100k. Which reaching their is already certain and evictable; it's just a matter of days before we achieve that price. 
 
$200k for 2025 is what I really don't know how possible it is for us to hit that price; I can't recall how long it has taken since the $100k level was speculated. It's not as if bitcoin can't get there, but it's just that I like to go on low expectations and be hit by surprise than to have high hope and be hit by disappointment. For 2025, I assume we can cross to $150k before the end of the bull run, which we are just at the tip of.

150k would be great, but too many factors are in place to speculate for it for now - we need much of the bullish sentiment and news coming right up for the rally not to stop with a good old correction in place.
But I think it's viable and possible.

[Swordsoffreedom]

I’m still surprised that altcoins didn’t move much, though. Usually, you’d expect at least some of them to follow Bitcoin’s pump. Instead, BTC dominance is just climbing higher, it feels like we’re heading back to the 'Bitcoin is king' days. I’m holding too much ETH and SOL. Luckily, SOL is following in Bitcoin's footsteps, but ETH is taking a lot longer to catch up. Hopefully, I’ll see both of them on top soon.

Most altcoins are moving extremely slowly. SOL, as you mentioned, is still doing surprisingly well. Those who are heavily invested in altcoins must be worried about the conditions because usually we expect altcoins to move at a higher pace than Bitcoin in a bullish market but this time around, things are completely different.

Investing in altcoins is getting harder and harder as there are too many projects being created and diluting the cash flow. Additionally, the approval of the bitcoin ETF has inadvertently sucked all the money flowing into bitcoin, leaving altcoins struggling for a long time. As far as I can see, the prices of many altcoins have even dropped a lot compared to when bitcoin was at $60k.

But perhaps the cycle will repeat itself again, the altcoin season is getting closer than ever as BTC.D is showing signs of peaking and will soon have to make a strong correction to make room for altcoins. Altcoin season is approaching, but not all altcoins are likely to see strong price increases, so be smart when investing in altcoins.

[348Judah]

After this, the next push was to see that bitcoin is getting to $300,000 and above maybe after the next coming halving, but for now, we only have to remain to conquer the challenge and meet up to $100,000 and after we have crossed it, we may get close to $150,000 and there is more to that after the next halving, because we will always have an increasing value in bitcoin, the more we have an increase in adoption rate and people are buying and selling.

[Hamza2424]

nex - 200k in 2025 year.

Hmm, quite high hopes, but we need to be optimistic. According to my analysis, we are already walking out from the optimistic range of $80k by the end of the year 2024's target. Now I don't know where this is going to stop, but still, 100k can be a limit, and that's not bad at all. It will ensure the second wave target of $140k in my target range.

$200k is not impossible, but it's more likely a sweet dream.

I was reading the top 10 analysts' predictions for 2025 from the last few months and what I came to know is most of them I mean 5 out of 10 predicted a range from $95k to $105k and one of them was very bearish and he predicted a range of 56k and who knows still a week and a month stand on. 5 predictors are going with perfect speculation until now.

[Kemarit]

After this, the next push was to see that bitcoin is getting to $300,000 and above maybe after the next coming halving, but for now, we only have to remain to conquer the challenge and meet up to $100,000 and after we have crossed it, we may get close to $150,000 and there is more to that after the next halving, because we will always have an increasing value in bitcoin, the more we have an increase in adoption rate and people are buying and selling.

I'll just have to stop you with that $300,000 though, it's just too early for that. And for those who have been hear in 2017, this is the same feeling though. Everyone is very happy and ecstatic to see almost $20,000 that time and saying that our next stop is $50,000 but it didn't happened as we have to wait for another halving. So just enjoy what we are seeing, that 6 digit and we take it from there.

It will still take sometime for the market first and then we will have another bear market incoming in 2026. So right now, if we hit $100,000 and beyond, just take the opportunity and let it sink in first. Sure we will aim for higher prices in the next halving, but for now, have plans, when to take profits, and how to take it, just saying.

[uneng]

We are living times of high expectations. This leads the market to overrated optimism. As soon as the expectations meet reality, a shock will happen, and then a heavy correction in price should be expected regards Bitcoin. It's amazing to see Bitcoin skyrocketing, although we must be aware it's not a sustainable increasememt in price. Always Bitcoin rises too much and too fast, it also depreciates on the same manner after a while.

And in the current scenario it's even more serious, because people are putting all their hopes on a politician to make Bitcoin thrive. And a politician who already discouraged Bitcoin usage and who didn't fulfill his campaign's promises last time he was president. It's a recipe for disaster Bitcoin investors are following right now, although at same time there are also lots of speculators taking advantage of the hype.

Just be aware where you are stepping, don't be a blind believer or investor.

[pooya87]

Since the emergence of Trump as president elect bitcoin price has risen by more than 30%.

What you are suggesting in this topic is inaccurate.

Like all previous halving cycle, bitcoin price started climbing a couple of months before halving (that is about a year ago now) and then paused for a little while after it before resuming its climb again. This year price has gone up from $30k range up to $90k range because of halving (ie new supply being cut by 50%).

Trump's hype might have only contributed to some short term market excitement as a catalyst but the bulk of the rise is not because of him, it is because of the same reasons why bitcoin has gone up from $0.001 to $100,000 in the past 15 years.

He also says “bitcoin is becoming more and more a hallmark of this next administration and can help solve some of the deficit concerns”

Is he suggesting that the US government is going to start pump and dumping bitcoin to cover its deficit?!!!

[sunsilk]

Most altcoins did not react to the rise of the leading cryptocurrency, and as a result, BTC dominance increased to 60.6%.

Dominance has quickly decreased and this is a sign that money is going now to some alts. Like what we're seeing now, XRP, ADA, Doge and many others. Just look at how much they've gained for the past days.

We might even see more countries adopting Bitcoin as legal tender in the near future.

It already did for El Salvador so, with the bull run right now as it shows the greater price. It won't be surprising if another country announces it. One did after El Salvador but they have backed out.

But IMO, this shouldn't be something that we have to aim for, more better adoption is much better and lesser countries that ban it.

[Botnake]

China has already started changing its mind about bitcoin, as it has lifted its ban and acknowledged bitcoin as a legal digital currency.

That’s not true, there hasn’t been any recent news about it. The last time I checked, China only considers owning Bitcoin legal, but mining and trading are still illegal. So technically, Bitcoin is still banned there. Don’t get too hyped without verifying the information you’re sharing. Always double-check to make sure it’s legit before spreading it around.

Shanghai court says crypto ownership legal under China law amid bitcoin price surge