Bitcoin Will Hit $100,000, Experts Predict.

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.

Russia’s invasion of Ukraine initially sent Bitcoin’s price tumbling to below $35,000 last
week, though it has risen since then and got back above $40,000 Monday. Before that, Bitcoin
topped $45,000 on Feb. 10 for the first time since early January, when its drop below $34,000
took it to its lowest price since July.
Amid the ups and downs, its current price is a long way off from the latest all-time high it
hit in November, when it went over $68,000. Even with the recent decline in price, Bitcoin is
still more than twice as valuable as it was just a couple years ago. For Bitcoin, these kinds of ups
and downs are nothing new.

Despite the volatility and recent slumping price, many experts still say Bitcoin is on its
way to passing the $100,000 mark, though with varying opinions on exactly when that will
happen. And a recent study by Deutsche Bank found that about a quarter of Bitcoin investors
believe Bitcoin prices will be over $110,000 in five years.

Bitcoin Price Predictions

It was easy to predict a $100,000 Bitcoin price late last year, coming off its latest all-time
high in November. With Bitcoin’s big fall since then, the prediction game is even trickier.

The most extreme crypto skeptics say Bitcoin will tank to as low as $10,000 in 2022, but
a middle ground might be to say the cryptocurrency can still climb to $100,000 like many
experts predicted late last year — just on a slower timeline.
“The most knowledgeable educators in the space are predicting $100,000 Bitcoin in Q1
2022 or sooner,” Kate Waltman, a New York-based certified public accountant who specializes
in crypto, told us back in November 2021. Many experts are hesitant to predict a number and a
date, but rather point to the trend of Bitcoin increasing its value over time. Investors should
expect a “pretty sustainable” rise in Bitcoin’s long-term value driven by organic market
movement, with the $100,000 threshold in near-sight, predicted Jurrien Timmer, director of
global macro at Fidelity Investments, last October.
“What I expect from Bitcoin is volatility [in the] short-term and growth [in the] long-
term,” says Kiana Danial, founder of Invest Diva and author of “Cryptocurrency Investing For
Dummies.”

Here are some more predictions we found, ranked from low to high over the next year:

Ian Balina

 Point of View: Bitcoin investor and founder of crypto research and media
company Token Metrics
 Prediction: Bitcoin can go to $100,000-$150,000, but the timeline is unclear
 Why: Bitcoin is in a bearish sentiment cycle, but the total crypto market and other crypto
asset classes are not. Bitcoin was the first cryptocurrency, but now others have surpassed it in innovation
when it comes to what experts call “Web 3” — aka the new internet built on blockchain. The release of
new altcoins and hype about the metaverse will continue to drive the demand for crypto, and Bitcoin will
therefore bounce back eventually.

Matthew Hyland

 Point of View: Technical analysis and blockchain data analyst

 Prediction: Bitcoin can reach $100,000 in 2022
 Why: The price of Bitcoin in January 2022 is almost equal to its price in January 2021,
but there’s a new demand for altcoins. There’s also an ongoing trend of Bitcoin supply leaving major
exchanges (presumably to be stored in offline crypto wallets), Hyland said in a tweet. He also
recently tweeted that a dip below $40,000 could lead to “free fall” into a Bitcoin bear market.

Robert Breedlove

 Point of View: Founder and CEO of the digital assets marketing and consulting
firm Parallax Digital
 Prediction: $307,000 by October 2021 (now passed), and $12.5 million by 2031
 Why: Inflationary pressures after COVID-19 will drive interest in cryptocurrency,
pushing the value of Bitcoin up higher than previous projections estimated, Breedlove said in
an interview earlier this year. Known as more of a philosopher type among crypto enthusiasts, Breedlove
speaks often about the broader social implications of crypto as a form of more transparent, decentralized
currency — but his price predictions haven’t exactly been spot-on.

SOURCE:

https://time.com/nextadvisor/investing/cryptocurrency/bitcoin-price-predictions/