Will Bitcoin Hit $100K in 2022?
Bitcoin’s (CRYPTO:BTC) all-time high was US$69,044, or CA$88,105. That means it was within striking distance of six figures for the first time last year. Alas, the world’s most popular digital currency didn’t reach that level. Now, investors are wondering if it could break the $100,000 barrier in 2022. There’s no way to predict Bitcoin’s price with any certainty, but there are some signs that the value of each token could keep growing. Here are the top three reasons I remain optimistic about BTC hitting $100,000 in the new year. Growing adoption Bitcoin has been through multiple boom-bust cycles since its inception. We could be at the end of another cycle now. But every cycle brings a fresh wave of new adopters. The growing user base is one of the key reasons for Bitcoin’s steadily appreciating value. Network effects mean each new user adds incremental value to the whole system. In 2021, adoption grew deeper than ever. Family offices, hedge funds, and institutional investors adde...