Bitcoin would surpass it previous all time high if it is high in demand and that could only be made possible quickly this year if the big players started accumulating Bitcoin. The big institutions would drive the price if they started using it.
What do you think would make bitcoin surpass its previous all-time high?
- Thread starter Potuse
- Start date
This can happen very soon because people can not trust traditional finances especially banks to put their money after what happened with silicon valley bank.
The Lightning Network's application, for example, could speed up transactions and increase scalability on the Bitcoin network, increasing the currency's appeal to users and investors.The use of Bitcoin as a hedge against inflation or economic instability by some buyers may increase demand and price.
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Bitcoin all time high price was in November 2021 when it surpassed $68K. Bitcoin will be able to reach $68K and even higher when the bull market returns. Crypto market has remained bearish for a long time.
I believe that the same thing that pushed Bitcoin to it's pervious all time high will be the same thing that's going to push it back up to it and probably even go above in because whenever the price comes back to that all time high zone, it's definitely going to break the roof.
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