Will Bitcoin Reach $100,000 in 2022, or Has It Reached Its Peak?
Of all cryptocurrencies, Bitcoin is the oldest, the most popular, and the most valuable. Some traders compare Bitcoin to gold because of its limited supply and expensive cost, but like other cryptocurrencies, it’s also highly volatile with price fluctuations. Experts have said that the price of Bitcoin will continue rising high and even reach newer heights of $100,000.
How Much Bitcoin Can I Buy?
The amount of Bitcoin you can buy depends on how much money you have and how much you’re willing to spend. However,like any other trade or investment, staking cryptocurrency has its risks and benefits. When you’re getting started in buying Bitcoin, you don’t have to spend millions or buy one entire Bitcoin. You can simply buy Bitcoin in fractions. For example, you can start with the smallest possible Bitcoin unit known as a satoshi (often called sats), which is equal to 0.00000001 BTC (with eight decimal places). Stats allows you to start with as small as $10. You can also invest as much as $10 million. Beginners often start their journey of Bitcoin trading by stacking sats. If you’re wondering about how to get started with Bitcoin, learn more here.
When Will Bitcoin Reach $100,000?
Bitcoin prices saw a lot of fluctuation in 2021, reaching as high as $60,558 and then dropping to its current price of 29,510.00. Experts now predict that by the end of 2022, Bitcoin may soar to $100,000, rise to $256,117 by 2025 and reach $1,010,923 in early 2030. They also cite that Bitcoin-backed mortgages could be on the way, saying that home buyers could use Bitcoin as collateral. Based on the volatility of the cryptocurrency market and value, no one can truly predict the price trends of Bitcoin or other cryptocurrencies with 100% certainty.
Has Bitcoin Reached Its Peak?
While Bitcoin experts say Bitcoin prices could reach $100,000, the trends speak otherwise. By mid-April 2021, Bitcoin prices reached its all-time high of over$60,558 as indicated in its price history. The craze on cryptocurrencies propelled it further, as it gained more institutional and investor admiration. But that was the only time Bitcoin ever reached that high. By the summer of 2021, Bitcoin prices were down by a whole 50%, reaching $29,796 on July 19, 2021. Bitcoin again rose high in November 2021, reaching $68,789, which was an all-time high.
In December 2021, the price of Bitcoin began falling, first to $46,164, then fluctuating more, leaning towards the uncertainty about inflation, which continued to spook affluent investors. Currently, Bitcoin trades at $29,510.00, and some investors argue that it might not rise beyond $30,000 ever again. Still, it’s difficult to know where the price of Bitcoin stands because of the volatility of the crypto market.
Whether Bitcoin will reach $100,000 or it reached its peak and won’t trade beyond $30,000 is something everyone is interested to see. As long as Bitcoin’s supply continues to be transferred from weak hands or individual owners to institutions or investors with long-term convictions, the price may stabilize and continue to rise.