[guildenstern]

Consider how much money had to enter the market for the price to reach $1000.

Consider how much money had to enter the market for the price to reach $20,000.

Now consider how much money will have to enter the market, after everyday “normal” people from outside of tech have lost hundreds or thousands, for the price to reach $250,000.

[sdf43543t345]

The price is the last price paid for the coin. So by definition, if nobody sold any coin, it would only take 250000-6000 dollars for the price to reach 250k.

Its not so much about how much money enters the market, but supply/demand for the underlying asset.

[charlesdm]

Just look at the valuation of the dot-com bubble, which was mostly US driven. The market went up to about $10tn (in todays dollars).

We saw $800bn for crypto at the height, and it's down to about $200bn at the moment.