FORBES Article BTC
9 reasons Bitcoin could hit $100,000 or more (based on Forbes article)
šLimit to 21 million bitcoins. Having it be harder to mine, along with a limit on how many can be created, makes the supply side come into play.
šLost keys. In fact, total amount of bitcoins is even less than 21 million. A huge number of CC keys is already lost forever, which also lowers the supply.
šNetwork effect and media exposure. More and more people learn about cryptocurrencies and enter the market.
šLarge investment firms lend credibility. Significant financial institutions wouldnāt be putting resources and people into CCs if they didnāt feel they werenāt viable.
šItās getting harder and costlier to mine. If mining costs increase it could slow down how fast new Bitcoins are created which would put a damper on its short-term supply.
šHoarding of Bitcoins could occur as their owners expect their value to increase. While this could limit the supply of Bitcoins this can occur with any asset.
šIllegal activities. Since Bitcoin users can remain anonymous and can work from anywhere in the world, this could lead to an increase in demand for them least at the margin.
šBitcoin has started to gain traction with people who live or send money to countries whose governments they donāt trust such as Zimbabwe or where inflation is very high, for example Venezuela.
šFOMO or Fear of missing out. Investors donāt want to miss out on the next big thing and to a degree also want bragging rights that they own Bitcoin
Source : https://www.bitcoinisle.com/2018/01/13/9-reasons-bitcoin-could-hit-100000-or-more/