June 18, 2024

Bitcoin price will inevitably rise to $ 100,000 by 2022

Bitcoin price will inevitably rise to $ 100,000 by 2022

Another aggressive forecast for the further dynamics of Bitcoin’s movement was recently made by a trader under the nicknamePlanB. This expert is known for having at one time developed a mechanism for predicting the indicative movement of the first cryptocurrency, linking it with the dynamics of the behavior of the stock market.

During a conversation with Global Macro Investor founder Raul Pal last week, the trader admitted that he previously doubted that BTC could reach a six-figure value.

Now he has a different opinion, and there is everythingthe reason for the spurt of bitcoin to $ 100,000 and even higher by 2022. The main impetus for such an explosive growth of the coin will be the reduction of the Bitcoin miners' award in May 2020 (the so-called halving).

PlanB said:

«About a year or a year and a half after the halving [of the miner reward], so to speak, by Christmas 2021, Bitcoin should be above $100,000».

But if this does not happen, then the motion modelthe cryptocurrency formed by the trader will be destroyed. Although PlanB itself doubts that its forecast will not come true. The first conclusions can be drawn after the May halving.

The expert is sure that many BTC supporters look forward to this event. Note that not only PlanB is of the opinion that halving will become a determining factor in the growth of bitcoin.

Another trader under the name Crypto Rand alsobelieves that the rise of the coin is inevitable, since the volume of BTC supplies will decrease due to the weakening activity of miners, and this will provoke an acute shortage of Bitcoin on the market.