Will Bitcoin’s Value Hit $ 100,000? – CoinMarketCap, one of the most popular sites offering cryptocurrency values, features the top ten
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Will Bitcoin’s Value Hit $ 100,000?
Before answering this question, let’s first look at the reasons behind the rise in Bitcoin prices in recent years. The rise or fall of cryptocurrency’s value depends on several factors, but all of them ultimately lead to supply and demand. These two reasons can reduce supply and increase demand:
The first and foremost reason is the media attention and acceptance of bitcoin by investors. The second reason is the entry of major companies such as CBOE and CME Group into the bitcoin market. Given these reasons and the technical analysis of the bitcoin chart, the price of bitcoin can be expected to rise significantly in 2022. According to Anthony, founder of the Morgan Craig Institute, as in 2017, we will see the rapid rise in the price of Bitcoin.
Source: The Pipsafe Team