True believers of bitcoin know that it will emerge over $60,000 once again. Unfortunately, there are a large number of people who have sold bitcoin out of fear and think they will lose money from holding. In my opinion, USD are going to be the currency that people will think twice about holding. Even stable coins hold more value than the traditional dollar, there are many stable coin interest accounts that pay as high as 8 percent APR.
When I talk to people who are new to buying bitcoin, they always feel as if they're late to the party. The reality is that bitcoin has so much more potential and is a very new concept. A phrase that I am constantly finding to be true is that money talks. As bitcoin increases in value, even the most technologically deficient people will know about it.
Mark Yusko from Morgan Creek has predicted that the price of bitcoin will reach $250,000 within 5 years. Yusko has compared the market data between gold and bitcoin (digital gold), if bitcoin reaches the same monetary value, each coin will be worth a quarter of a million.