A few hours ago we again had witnessed the block rewards for bitcoin being cut in half and the expectation is that the price value for the longterm will be high but of course it remains to be seen in my opinion because if everyone thinks that bitcoin will be in these current levels then the price stays that way.
The factor for the price going past 20-100k in the next few months will be the fact that the supply is now cut in half making BTC scarce while the demand is slowly building up and that is why people are predicting about extravagant Bitcoin prices.
But we also have to factor in the current global economy because of the pandemic. I think that BTC price will be slowed down if there is no clear solution yet for the pandemic as it affects the supply chain which means not much money to buy BTC for most people.
There is also a case of manipulation as some entities will be or can move the price higher or lower and that will determine on how fast the BTC price go up in everyone's expectations and dreams.
Still for me Bitcoin is a very good investment because I can also trade it to earn more or earn other cryptos to trade BTC with those cryptos. It is easy and convenient to earn in my opinion if you are careful about trading plus of course it appreciates in value over time. Soon it will be adopted for use in the future by governments and banks which is why I firmly believe that people will benefit for a cryptocurrency which was made to solve human problems.
