In this month alone, Bitcoin has hit multiple All time Highs. I'm not an expert at predicting whether a cryptocurrency will rise or fall but most people including me knew for sure that if Trump was to become president of United States, based on his promises about better Bitcoin regulations, more people will invest into Bitcoin and the value will rise.
For the first time in my life I made a crypto prediction and it happened exactly so. The only thing I didn't for see was Bitcoin getting as high as over $90,000 USD. That came as a shocker to me.
Now the rumors and the predictions are focused on Bitcoin possibly hitting $100K for the very first time in its history. It's funny when I'm looking at the Bitcoin prices during the day, Bitcoin is almost acting like a meme coin nowadays. It can rise pass expectations.
There's a feeling of excitement in the crypto community because of how well Bitcoin and some other altcoins are performing. Recently Hive rose pass 40 cents, I was super stunned how the token could jump. I still need more research but I don't think it's Altcoin season yet, perhaps the same thing that happened in the past few months with Korean Hive investors is what caused the price to pump. But if I had to guess, I think who ever Invested was Bullish because of Bitcoin performance.
What happens when Bitcoin hits $100K? Well it will bring massive excitement and I think massive dumping. It would be a big milestone of the coin but I haven't heard much news around Bitcoin moving further from $100K so maybe people might start selling their Bitcoins to take profits and then wait for next season.
A classic pump and dump
But like I said earlier on, I'm no expert and cryptocurrency can defeat predictions and maybe we might even see so much of a bull run that it could get to $200K.
Eventually after it hits $100K if it drops and gets back to $100K again, it wouldn't be as exciting as before. We will be hoping for it to jump to its next level which should be $1 Million.
Imagine that milestone though. I wonder how long it'll take to get there but there's a High chance it will in a few decades.