Post
Topic
Board Speculation
Re: Btc $100k prediction by eoy
by
Rimueng
on 21/09/2021, 17:51:21 UTC
Large scale institutions are doing all in their power to accumulate as much as possible at their lowest prices. But we will find out how things play out. People have been predicting bitcoin to hit $100K+ by the eoy and with 3.5 months left, we're nowhere close. Though I felt the same way, sometime like maybe its a pipe dream.. but a lot of people still believe this, and one thing that I think I saw for certain the other day.. That Walmart fake news for example.. The price within 10 minutes went from like 44k to like 47k .. I don't think that was small investors who drove price up that fast, I think that was institutional money buying the fake news..
I think the prediction of the bitcoin price of $100k will be achieved early next year if it is driven by the increasing number of banks and institutional investors who accept Bitcoin as an investment instrument will be the driving force for the increase in the price of bitcoin.