Experts still debate on how Bitcoin will reach $100,000 in 2022

Bitcoin continues to gain a lot of hype once more as it sets its eyes on a bigger market value in 2022. Experts are still in doubt on how the coin would make its way to the top of the market with a huge value soon.

As the upward trend continues for Bitcoin, crypto enthusiasts can expect more from the coin as they look to keep their coins at the ready when it reaches $100,000 by this year. This has been a long-time target for Bitcoin as they have set a lot of all-time highs in 2021, so this shows a lot of growth for the coin in the coming months.

Every expert in cryptocurrency is eyeing a big rise in Bitcoin’s value this year, and it cannot be denied that most people hope to see it happen soon as well. The $100,000-mark has been standing strong for a long time, but it is likely that the first crypto is going to make a huge headway for it.

As Bitcoin casino games continue to gain traction, crypto users also aim to keep their coins at the ready in case they can get more out of Bitcoin’s surge in 2022. After all, they can trade it or even withdraw for hard cash and still have a lot left for investment, gaming and trading.

Managing partner of crypto lender Nexo Antoni Trenchev sees a choppy 2022. He forecasts that Bitcoin will at least manage to reach that target value by the end of June. He is singling out the likes of Solana and Avalanche to offer the same gains as they did in 2021.

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‘The no. 1 influencing factor for Bitcoin and cryptocurrencies in 2022 is central bank policy’, Trenchev said. ‘The Fed doesn’t have the stomach or backbone to withstand a 10%-20% collapse in the stock market, along with an adverse reaction in the bond market’.

Even Jeffrey Halley, Oanda Asia Pacific’s senior market analyst expects that the bloated tech valuations will lead to a challenging environment in 2022. This means that the number of coins coming out every week or month is not a good look for cryptocurrency or even those who play Bitcoin casino games.

‘Hanging over the crypto space is the threat of more regulation and frankly, with a new coin coming out every week which is “the next big thing” and driven by speculation and not blockchain, I’m struggling to see how any of them will be’, Halley said. 

No one knows how long Bitcoin will continue to grow or if it will reach the target value of $100,000 to score a new all-time high for 2022. However, it is clear that the coin is poised for bigger heights.

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Words: Paul Daniel Flores