Post
Topic
Board Speculation
Re: Bitcoin to Hit $150,000 in 2022
by
wxa7115
on 13/12/2021, 17:51:51 UTC
As the rate of inflation rise all over the world, Bitcoin is seen as the hedge over inflation which is why so many analyses predicted $70,000 Bitcoin price in 2021 which was achieved as Bitcoin made an all-time price of above $70000 and the deflationary forces that faced the top commodities and exchange globally forced Bitcoin price to drop back to its present price. This has led me to say that 2022 Bitcoin is going to cross the $100,000 bitcoin price predictions.
It is not an unrealistic price for bitcoin to reach, however there are too many unknowns that could affect the price of bitcoin during the next year, the rate of inflation is very high and this is good for bitcoin, but at the same time there are factors that could play against it.

Probably the most important factor against it is the new string of the virus that was discovered not long ago, scientist are worried as it could be more contagious, more lethal and they are not sure yet if the vaccines will work on it, so while I think there is a decent chance we could see that price during the next year, it is not a sure thing.