The CEO of Blockstream, Adam Back, believes that while Bitcoin will hit $100k, GBTC and other ETH will crash.
A member of the crypto community said it will be hard “as inflation hits double digits.”
Bitcoin touched $20,072 and bounced back almost immediately to $22,973.
Amid the significant fear, uncertainty, and doubt in the crypto market, analysts on Twitter argue that Bitcoin (BTC) will reach the $100k price point this year.
A YouTuber, who self-identifies as Blockchain Chick on Twitter, asserted that Bitcoin will go well above $100k in the next bull market and that “anyone buying around these prices will be very happy the next run-up to ATH.”
Some Twitter users countered her claim. User @day_nft_io argued that the “only reason” BTC hit $69,000 last time was because the governments had printed fiat money non-stop for two years. Therefore, BTC at $100k is unlikely to happen.
They went on to add that “as inflation hits double digits, it may become harder and harder to do so…”
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