Why I believe Bitcoin would reach $200k this bull run

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Well today I want to share with you all why I personally believe bitcoin would reach $200k this bull run, I mean considering many factors led me to come to this conclusion and made me think that a $200k bitcoin around sometime in 2025 is very plausible, ofcourse it's not a guarantee but a great possibility.

Reasons Below;

Well one of the reasons I believe we would see a $200k bitcoin this bull run even if briefly is due to the deflationary nature of bitcoin, unlike our common currency which are often subject to inflation due to unprecedented and unlimited supply, I mean the central banks could always print more, bitcoin isn't like that, bitcoin is an asset with limited supply, very limited supply which makes it a very rare asset, in that they can only be 21 million coins ever in supply, it can't be more than, see with passage of time the more people racks it up and increase in demand leads to increase in price due to the fact supply will always remain fixed while demand keeps increasing hence I believe this is one of the factor that will drive bitcoin price to $200k this bull run.

Now reason number 2 while I feel we are going to see a $200k bitcoin this bull run is that never before have we seen much institutional adoption of bitcoin than now, I mean the way cryptocurrencies is attracting institutions today is at an all time high, this year alone we have seen bitcoin ETF approved which led to a surge in price and with talks of a possible ethereum etf approval, so all this shows the big money is entering the space and their major interest ofcourse is on the king of cryptocurrencies bitcoin which makes bitcoin properly positioned to appreciate rapidly I believe, as bitcoin is used as a store of value acting as a hedge in times of inflation in the economy and this right here will contribute to the price rising to levels never seen before, the more institutions buy in the more individuals would be forced to invest so they won't be left out too.

Also unlike when bitcoin was first created in 2009 when many wondered it's purpose, the purpose is clear now and infact major players and big companies are buying into bitcoin as a legitimate asset, Micro strategy and even Tesla are heavily invested on bitcoin amongst others, now this right here is exactly the kind of exposure bitcoin needs, no doubt it goes to show that mainstream are accepting bitcoin and gradually it will gain much more global acceptance which is happening fast at a much more accelerated rate, countries like El salvador keeps stacking up bitcoin so evidence of mainstream acceptance is clear, this is no doubt going to make this cycle a super cycle and help take bitcoin to $200k I believe.

If we also observe intently at global economy we would see that instability is much, many countries of the world today are in times of economic uncertainties with most greatly affected by inflation, no doubt the presence of bitcoin would help provide them with an alternative asset something to use to act as a hedge against their steadily declining currency, bitcoin acts as a store of value and as such when much people flock into it it will help drive it's price to a high never seen before.

Also if we check based on stat and past performance and mathematically, during the last bull run, bitcoin previous all time was approximately at $20k and it then went on to clock $69k at the 2020/21 bull run which is a 3.45× from the previous high in the 2016/17 bull run, so in effect if bitcoin could 3× atleast the $69k high of last bull run it will place us right around $207k reaching my estimation, so this is another reason I believe we would see $200k bitcoin level this time around.

Also as great as bitcoin already is yet it's developers are not folding their hands with the possibility of the integration of lightening network to help improve the chain and increase transaction speed whilst reducing cost, this right here would help to attract many more as the technogical advancement would help make it more attractive and suitable as the usecase would be greatly improved, so due to the roll out of this lightening network it would make us see increase users on the chain which leads to increase demand and increase in price, simple law of supply and demand.

Then last but not the least, what we know as the halving event, which is happening shortly, already bitcoin has a fixed supply of 21 million coins, and every four years the mining block and reward is halved which means that there would be reduction to how coins are made greatly. Well a supply shock instantly, at a time when there is much demand for an asset already scarce then comes a supply shock suddenly it becomes even scarcely, this would mean that the asset price would surely sky rocket to say it in a nice way, so I feel strongly that $200k is very plausible this bull run.

Conclusion

Indeed these are all the reasons I believe bitcoin would hit $200k, note though that these is based on my research and personal opinion and am not a financial advisor but writing merely for entertainment purpose anyone wishing to invest based on this does it at their own risk, we should all do our due diligence, for me I have done mine and I believe what I believe.