So far there are still many who want to buy bitcoin, but the price is quite high, making those who want to buy bitcoin think again, there are still few who accept payments using bitcoin. imagine if many platforms started accepting payments using bitcoin then the price would trigger much higher demand.
Analysis of the price of bitcoin which can increase due to the influence of increased demand will of course have an influence on the price of bitcoin, but the problem here is that we don't know when bitcoin will be accepted in many countries as legal payment so it will increase the use of bitcoin.
If bitcoin can be accepted in many countries as a payment method, of course it will increase demand for bitcoin, this will make the price of bitcoin soar due to high demand. everyone also hopes that it will happen in the future.
Agree, but not only as a payment method, but recognizing and being able to trade also influences that.
Bitcoin will continue to move upwards due to the active movement of trading carried out, so that demand for Bitcoin always occurs, which automatically causes Bitcoin to increase due to this demand. That is the economic mechanism of trade, the more demand, the more value will increase by itself.