RE:RE:RE:RE:RE:When bitcoin hits $63,500 usdWell you sound like someone who could use some guidance on the crypto market as you seem green to it. Not a bad thing..... everyone has to start somewhere.
Basically more users = more user transactions=more income/profit
popularity increase
demand increase and supply decrease
Bitcoin price going up
ETF bitcoin approval
Bitcoin 4 year halving cycle
to name a few
BTC becomes more popular by the day. More people seeking to buy/sell bitcoin or bitcoin related products
User base will increase with good marketing and brand exposure along with user transactions.
OBVS price of bitcoin going up or printing new ATH will increase demand and popularity
Blackrock/Fidelity/ insitutions buying hundreds of millions per day of bitcoin
Retail FOMO hasnt even hit yet haha
Hope this gets you pointed in the right direction to do some homework
GB