The problem I see in this prediction is the following:
the price of bitcoin could eventually reach $100,000, but determining that this could happen this year is where the problem is, I'm not saying it's impossible but I'm saying that it will be difficult for that to happen, of course bitcoin when there is some good news price starts to rise in a frightening way and good news is something unpredictable, it can happen this year or another
That's actually the problem, giving a period of it when it will exactly happen.
Last year, the majority of us have thought that it was really possible. Well, the possibility was there but it wasn't enough to push bitcoin up to $100k. What happened is that it had made it $69k at least and that's close to the goal.
Now, if we've learned from expecting too much. Let it come whenever the right time is like if it's going to happen by the next few years then so be it and that's a better expectation that you don't expect it to come at exact year we're speculating.
Yes, BTC will rise again and will hit the 100k mark at some point. Despite the rough start to the year, experts still believe Bitcoin will hit $100,000, and that it's a matter of when, not if.
NextAdvisor (in partnership with @TIME) recently wrote an article stating that many experts still expect Bitcoin to pass the $100,000 mark, but with varying opinions on just when that will happen. And according to a recent study by Deutsche Bank, about a quarter of Bitcoin investors expect Bitcoin prices to reach over $110,000 in five years.
Additionally, big financial institutions have made their own predictions, such as JPMorgan predicting a long-term peak of $146,000 and Bloomberg predicting a peak of $400,000 if the currency rises at a rate similar to before.
You can read the full article here:
Bitcoin Will Hit $100,000, Experts Predict. Here’s When They Say It Will Happen