4 things needed for Bitcoin to reach $5000 and above

Famous finance professor Panos Mourdoutas listed the elements needed for Bitcoin to reach $5000 and above in his column in Forbes, in 4 items. Mourdoukoutas wrote:

Bitcoin prices remained in the $4000-4500 range for several weeks after the recent lows. So what does it take to get this digital currency back to $5,000 and beyond?

-A catalyst to bring buyers back to the market, just as China’s abandonment of its Bitcoin ban.

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-A financial crisis that will result in investors fleeing traditional financial instruments and seeing Bitcoin as a “safe haven”. As in 2008…

-A regional war that will disrupt global trade… In the South China Sea, in North Korea, or in the Middle East, where Saudi Arabia and Iran are approaching an open war…

-Finally, the “big money” on Wall Street has entered Bitcoin and the interest in Bitcoin has increased further on Wall Street.

How likely are any of these catalysts to occur? All of them are likely to happen, but take time.

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