Currently, the price of Bitcoin is more than $80,000, and I think it's good, but the journey from the current price to $100,000 is more important because this is what a lot of people are expecting Bitcoin to achieve. It really sounds great if Bitcoin is going to be worth $100,000 USD, and it might happen, but the question is when. I will tell you that it is really hard to predict anything in this market because this entire market segment is unpredictable.
(I don't know why, but today I am not able to upload the image and am getting a continuous error, so I thought, let's post without any image today.)
If Bitcoin hits $100,000 once again, then I'm sure the market is going to be bullish again. That might create a kind of FOMO situation where people will feel like they are missing out on something. Maybe that is a situation when a lot of people will try to enter the market because they might feel that it is good to enter the market rather than miss the train.
FOMO is one of the situations in the market that brings a lot of new investors, because of which a lot of new money inflow also happens in the market. In a way, it's good. If that happens with Bitcoin once again, like we have seen in the past, then surely it will add fuel to the journey of Bitcoin. Beyond $100,000, things are going to be even more valuable. Once again, please understand that it may happen or it might not, because it is completely driven by the market sentiment, which we just can't predict.
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