Can Bitcoin Reach $100K in 2022?

Can Bitcoin reach $100K this year – of course it can – but will it? We could see anything and especially considering the climate across the board nothing would really surprise me anymore. I will say that I can see Bitcoin hitting $100K way more than it hitting $10K or right above that range as some have said

Can Bitcoin Reach $100,000 in 2022?

“If things get much worse in the regular markets, we could see a repeat of March 2020, leading to new inflows into public markets, including Bitcoin. Quantitative easing has historically lead to market growth and a rise in the price of publicly traded assets . Bitcoin is not an exception here. After quantitative easing began in March of 2020, Bitcoin rose nearly 600% by the end of the year.

The other trigger worth exploring is the continuation of adoption of Bitcoin at the institutional and governmental level. Historical Bitcoin bull runs have been largely a result of supply squeezes in combination with increased retail buyer demand. But now, there is a strong value proposition for countries and businesses alike looking to shield themselves from systemic inflation of their respective currencies. Bitcoin still carries the narrative of being an effective store of value, despite the 50% downturn from all-time highs in late 2021. Under this narrative, companies like MicroStrategy (NASDAQ:MSTR) and Block (NASDAQ:SQ) continue to purchase Bitcoin in order to beat inflation and preserve the buying power of their treasuries over multi-year time spans .”


Master Asked on June 3, 2022 in Bitcoin.
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