Bitcoin Predicted Will Break US$100,000 Mid This Year, Really? - HOMAGZ
Bitcoin Predicted Will Break US$100,000

There are many Bitcoin predicted related to the price of Bitcoin in 2022, even recently there have been rumors that Bitcoin is predicted to reach a price of US$100,000 by the middle of the year. Is it true that this will happen, let’s review it in this article?

Bitcoin Predicted Will Break US$100,000
Bitcoin Predicted Will Break US$100,000 – Source

Bitcoin price is currently at a price of US $ 46,000 on the fourth trading day of 2022. Whereas at the beginning of 2022 yesterday, Bitcoin was at a price of US $ 48,000. This means that until now the price of Bitcoin is still in downward progress when compared to last Saturday.

However, although the price of Bitcoin still tends to be sideways, some forecasters are still optimistic that Bitcoin can touch the price of US $ 100,000 by the middle of this year. This is as revealed by the CO-founder and managing partner of the cryptocurrency lending company Nexo, Antoni Trenchev remains optimistic that the Bitcoin price will be able to penetrate the price of US $ 100,000. This is expected to happen in mid-2022.

In contrast, Carol Alexander, professor of finance at the University of Sussex, said that she currently sees Bitcoin’s decline to touch its lowest level, which is around $10,000 in 2022.

From these two points of view, of course, they have their own ways and views about the future of Bitcoin. But to be sure, at this time the potential for crackdowns from regulators in several countries against the crypto industry is still ongoing. So this usually will have an effect on price changes that are quite wild and will still burden Bitcoin’s prospects in the future.

Bitcoin Predicted Will Break US$100,000 Mid This Year

One analyst believes that the United States (US) government will legally accept Bitcoin in 2022. This is one way that Bitcoin will skyrocket in mid-2022.

We expect the US to accept cryptocurrencies by 2022, with regulations already in place to match market demand and bullish price implications,” said Mike McGlone, Senior Commodities Strategist at Bloomberg Intelligence, quoted by the Hustle Chronicle.

The US central bank (Federal Reserve/The Fed) and other central banks around the world have taken massive monetary stimulus measures which have led to sharp increases in the prices of Bitcoin, Ethereum, and other major cryptocurrencies.

Soaring inflation and a strong US job market could force the Fed to end its stimulus program in 2022. McGlone believes this could mean that Bitcoin and Ethereum prices will continue to rise despite the stock market crash. He also stated that there is a new push from the Fed to eliminate the punch bowl which will cause Bitcoin prices to continue to strengthen in the future.

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