Bitcoin at $100K, What’s the probability?
Crypto investors and traders, as well as enthusiasts such as myself, are likely to have already come to this conclusion.
It doesn’t matter if I tell you it won’t happen, you’ll still believe it. Due to the fact that there is a financial component to it, and since human nature dictates that we tend to believe what we think to be true.
In early 2022, Standard Chartered expects bitcoin (BTC) to be worth $100,000. BTC valued between $50,000 to $175,000 by the financial giant’s worldwide team, led by Geoff Kendrick, when it began coverage of the two primary crypto assets.
After El Salvador adopts BTC as a legal tender, BTC dropped approximately 20% in a day, Billions got liquidated.
But, Hey! You know, that’s the real game of Crypto. Whenever everyone was bullish, it’s going to be bearish, a live example was the appearance of the Elon Musk on the Saturday Live, everyone thought the Dogecoin will rise in Value, but it falls like I fall for my Crush. But let’s talk of it some other day.
Well, if I’m being honest, I’m a Crypto fanatic, but I’m a Strong Critic of Bitcoin, since you know I can’t afford one, LOL.
There are a lot of new currencies on the market, and they aren’t shitcoins, they are very good coins that have far better technology and are more useful than Bitcoin, like Ethereum, Cardano, BNB, and so on.
Some Amateur Advice
As a result of the market, I have learned that if you or the public think that the coin is going to increase in the near term, always go the other direction. That’s how the crypto market runs in the futures and options market.
As a novice, I would propose diversifying your investments between ETH, ADA, and BNB. That’s my plan, but remember to conduct your own research, OH! Here I’m referring to a long-term investment, I’ve forgotten that there is no short-term analysis of the crypto market.
You can expect BTC to cross $100K, but there is disadvantage in investing in BTC, even if it crosses $100K, it will be only got you 2x of your portfolio. While ETH can grow up to $35K, Which will give you 10x returns, or in ADA where you can get 30x returns.
But it’s all upon you, where to invest, after all I’m just an amateur writing an article for my living.