$100k Prediction in Bitcoin: Will BTC See a Bullish Future?

• In a current interview, Adam Again shares his bullish views on Bitcoin.
• Beforehand, Again has positioned a guess with Vikingo on Bitcoin surpassing $100k earlier than the subsequent Bitcoin Halving.
• The present bearish observe of Bitcoin outcomes from a number of elements, together with the impacts of the pandemic and the Ukraine warfare.

In a current interview with the Bitcoin-focused entrepreneur Robert Breedlove, Adam Again, CEO of Blockstream and the inventor of Hashcash, shared insights on his constructive outlook on Bitcoin (BTC). Reflecting on the rising Bitcoin income, he reiterated his bullish beliefs on BTC that the most important cryptocurrency would attain $100K earlier than the upcoming Bitcoin Halving.

Not too long ago, the cypherpunk took to Twitter to guess that Bitcoin would attain or exceed $100,000 by the subsequent halving scheduled for March 2024. Again positioned the guess with the pseudonymous Bitcoin fanatic, referred to as Vikingo on X (previously Twitter), with the winner receiving 1 million satoshis or 0.01 of a Bitcoin.

Bitcoin is transferring via a tragic interval with an unexpectedly low value vary. The cryptocurrency trades for $27,048.25 at press time, with a 24-hour buying and selling quantity of $13,903,587,544. Although the present value and quantity present a notable surge within the final 24 hours, the vary exhibits a grave fall from 2021’s all-time excessive, when it stood at round $60,0000.

In keeping with Again, the present bearish development of the coin may very well be considered on account of varied elements, together with the extended COVID pandemic, the Ukraine warfare, the failure of crypto hedge funds, fixed easing, and many others. Nonetheless, his phrases resonated with a constructive outlook for Bitcoin’s future bullish trajectory, as he acknowledged,

I’m pondering we undershot lots as a consequence of Covid, quantitative easing, financial disruption plus in crypto DeFi cascading liquidations and 3AC, Celsius, Blockfi, Genesis bankruptcies… Constructive monetary trade adoption, holders stacking and miner reflexivity we may get a delayed upwards correction earlier than.

Again’s guess on Bitcoin’s astounding future observe is among the many many bullish predictions on the cryptocurrency. As an example, analyst Dan Tapiero predicted that Bitcoin may exhibit a staggering hike between the second quarter of 2024 and 2025, surpassing the $100,000 stage.