There are only 23 million btc to be mined. And, only 18,236,512 btc has been mined. Only 2,763,488 btc remaining.
With this remaining bitcon, can the effect make the price of cryptocurrencies to reach it peek. It sounds impossible to me but I know that the price will increase but may not reach new all time high.
So, something not seen yet can be the reason why cryptocurrencies can reach new all time high such as people anticipation. Like I am anticipating, I have invest in 0.4 btc. Some people will also do as I did.
The second thing that can cause it is the increase in the price. Some people that know how to analyze crypto market will still see that the price will increase and therefore invest and make the price to continue to increase.
The third thing I believe can make the price to increase are fomo people. They will see everyone investing and they will also invest for not to miss the great benefit.
This is what I think about cryptocurrencies this year and next year because this process will extend to next year as I analyzed it. You people can also make contributions to know if we should invest more on cryptocurrencies this year.