t’s been a rocky start to the year for Bitcoin, but experts still say it will hit $100,000 — and that it’s more a matter of when, not if.

Bitcoin’s price is holding just above $40,000 Friday as investors wrestle with concerns over rising inflation, geopolitical tensions, and the possibility of tighter monetary policy by the U.S. Federal Reserve. Bitcoin had recently been in an uptrend; it was trading near $47,000 early last week but then fell under $45,000 last Wednesday after hawkish comments from the Fed. Minutes from the Fed’s March meeting last week showed its plan to shrink its balance sheet by $95 billion each month to combat inflation. Additionally, the latest inflation report released Tuesday showed that consumer prices rose 8.5% in the year through March.

It’s been a rocky start to the year for Bitcoin, but experts still say it will hit $100,000 — and that it’s more a matter of when, not if.

Bitcoin’s price is holding just above $40,000 Friday as investors wrestle with concerns over rising inflation, geopolitical tensions, and the possibility of tighter monetary policy by the U.S. Federal Reserve. Bitcoin had recently been in an uptrend; it was trading near $47,000 early last week but then fell under $45,000 last Wednesday after hawkish comments from the Fed. Minutes from the Fed’s March meeting last week showed its plan to shrink its balance sheet by $95 billion each month to combat inflation. Additionally, the latest inflation report released Tuesday showed that consumer prices rose 8.5% in the year through March.