Based on a recent study that was conducted, the majority of JPMorgan customers don’t anticipate bitcoin to hit $100,000 over the coming twelve months. However, over 40% of participants believe that the cryptocurrency will be at around $60,000 by year’s close.
The most popular cryptocurrency according to market capitalization didn’t manage to surpass the frequently-hyped mark of $100,000 in the past despite predictions from analysts and experts. Actually, bitcoin ended 2021 with a downward trend and continued to decline in the early days of 2022.
But, some experts and advocates of the asset believe it is possible to be at this level within the next 12 months.
However, the majority of customers from the US international banking institution JPMorgan Chase & Co are doubtful of the possibility of such a scenario, as per an opinion poll published in Bloomberg. 5 percent of clients do not believe that bitcoin will be trading over $100,000 before 2022’s close.
Contrary to JPMorgan’s clients Bukele – who is the pro-bitcoin president from El Salvador – predicted the price of $100k for the most popular cryptocurrency in 2022. The president also stated that at least two other countries will follow his course and accept BTC as an official currency over the course of this year.
Nexo’s co-founder Antoni Trenchev has also envisioned the stock hitting the six-digit mark. He believes that a price rise will be fuelled by the growing adoption of institutional Bitcoin and will take place in the mid-year of 2022.
Furthermore, the 35-year old Bulgarian said that bitcoin could be an inflation hedge that is comparable to gold. The inflation rate currently in many countries is rising rapidly this could be another reason to boost bitcoin’s USD value higher.
There are many speculation about BTC price touching 100K USD in past few years, however the adoption has not yet reached to the peak which can drive the top coin price up to $100K.
Bob is a Digital Entrepreneur and keen follower of the Crypto and Blockchain world. He enjoys exploring the latest technology and news related to Fintech world. He is a go-to person with a positive attitude towards life.
