Bitcoin Will Hit $100K Within Several Years Say Different Analysts

Mike McGlone, Goldman Sachs Group, and a host of others all see Bitcoin hitting $100,000 within several years. Bitcoin at $100,000 is destined and could happen at any time but even moreso, I truly believe that is a small amount compared to what it will eventually hit and surpass. There truly is no limit to what Bitcoin can attain, especially when the world embraces it fully.

A recent study by Deutsche Bank revealed that approximately 25 percent of BTC investors predict the cryptocurrency’s price would surpass $100,000 in five years.

McGlone also evaluated the recent shift in opinion on the largest cryptocurrency in the world. He was questioned why it become a riskier asset after behaving for so long as a safe inflation hedge.

The Bloomberg analyst responded to the query by stating that this upswing is merely the “ripening” of a young technology and asset.

He notes that Bitcoin’s 260-day volatility is comparable to that of Tesla, Amazon in 2009, and gold in 1980.

Goldman Sachs Shares Deutsche Bank’s Prediction
Speaking of gold, Goldman Sachs Group predicts that Bitcoin will continue to grab market share from the precious metal as a result of the greater use of crypto assets, making the frequently cited price prediction of $100,000 a possibility.

The CEO of the crypto financing company Nexo predicts that BTC would reach $100,000 within a year, three years earlier than McGlone’s forecast.

Antoni Trenchev told CNBC that he believes the most sought-after cryptocurrency will surpass $100,000 “within a year.”

Master Asked on June 6, 2022 in Bitcoin.
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