Cryptocurrency expert expects Bitcoin to reach $100,000

Cryptocurrency expert expects Bitcoin to reach $100,000
Cryptocurrency expert expects Bitcoin to reach $100,000

Aaron Chomsky, the fund’s head of investment in the crypto-asset market, said, ICB FundBy the end of the month, the price of Bitcoin is likely to reach $68.5-70,000, but it is unlikely to meet serious resistance, and by the end of the year, it may rise to $85,000, and possibly reach $100,000..

In an interview with “Izvestia”, Chomsky talked about the possibility of increasing the value of the cryptocurrency “Bitcoin” by the end of the year to reach the threshold of 100,000 dollars..

“After breaking its all-time high in April, at $64,850, Bitcoin has removed an obstacle to a continued rally, which in the long run could lead to six-digit values,” he continued.

According to what he added, the movement in the medium term, by its nature, may correspond to the dynamics of November 2020 and April 2021. At that time, the reason is to expect the approval of the US Securities and Exchange Commission (SEC) On Bitcoin ETFs and Adopt More Cryptocurrencies.

After the commission allowed the launch of an ETF based on futures contracts traded on the Chicago Mercantile Exchange, the market gained the required legitimacy for a new asset class..

According to the expert, the growth of inflationary expectations on the back of rising raw material prices, a global shortage of chips and ongoing disruptions in supply chains could increase interest in the premier cryptocurrency. The limited supply will also contribute to the growth of “Bitcoin”, as exchange balances have fallen to the minimum in three years, and most investors are beginning to adhere to the model of accretionary behavior, as evidenced by the on-chain data.

Chomsky noted that there are no reasons for the formation of a correction and reversal in the price of Bitcoin. Closing Chinese merchant accounts through centralized platforms at the end of the year “may not have a tangible impact,” he said, adding that many crypto investors are currently buying accounts that have passed verification. key (Method to verify the identity of the customer), mastering protocols VPN And DeFi.

In general, the audience of cryptocurrency holders is growing. He expected their number to rise from 200 million now to one billion in the next four years.

Google Newsstand

Follow our latest local and sports news and the latest political and economic developments via Google news

Share

Print

Twitter
LinkedIn
Pin Interest
Whats App

These were the details of the news Cryptocurrency expert expects Bitcoin to reach $100,000 for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Exxon smashes Western oil majors’ profits with $56bn in 2022

Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]