It will happen just because people think it will happen

Let me share a thought that has been going around my head for a while.

While Bitcoin's (but it applies to any crypto) price is actually influenced by a combination of factors, including regulatory developments, macroeconomic conditions and technological advancements, I still feel that the huge majority of the driving force comes from psychological factors.

And being primarily psychological, the fact that people expect the previous ATH to be surpassed is actually the reason that will cause it to happen. A psychological domino effect of Fear Of Missing Out that, given the nature of human beings, I feel as inevitable in case a triggering event causes the price to start moving up.

And as the price will be moving up and up, everyone will feel safe to be greedy as it will remain below the previous ATH, as if the fact that it was reached once, it should be reached again, at least.

Finally, given that basically anyone can easily and independently access to such assets, it is a huge rollercoaster of emotions that promise a once-in-a-lifetime opportunity for ordinary people.

Fear and greed are not just indexes that reflect the dynamics of the crypto space, but, in turn, also play as causes of the events in such a space.