Volatility when BTC reaches 100-200k

So I’ve been thinking about this, and it seems to me that by the time BTC reaches 100k, the chance of the coin dropping by 50% suddenly becomes exceedingly low, since most of the market cap would come from institutions and smart money, rather than speculators and retail investors.

At that point, there should only be upside potential, as we move towards global adoption. That’s the point when it becomes a store of value rather than a “speculative investment”

Is this reasoning sensible?

Submitted November 30, 2020 at 12:15AM by dogefellowship https://ift.tt/37gjLMx