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[SCAMEXPOSER]

Dan Morehead the CEO of Pantera capital has not loose faith in the growth of bitcoin . His analysis that bitcoin could hit $200k by 2022 are quite reasonable. See it below.
He said :
For every one million new users that joined the trend the value of bitcoin increases by $200..

The use of smartphone which provides easy access to getting Crypto currencies update and joining the trend , of the 3.5 billion people having smart phone Crypto currency adoption will be higher.

The rate at which institutions are adopting Crypto currencies is also on the higher side.

 

[Wisdom01]

Crypto adoption is really improving but lets see if the prediction comes true ,because the price is getting more far away from the landmark speculated

 

[SCAMEXPOSER]

Crypto adoption is really improving but lets see if the prediction comes true ,because the price is getting more far away from the landmark speculated

Yeah but if more people begin to accept it and also with improvement in the regulatory activities of the sector the price could go higher.

 

[Wisdom01]

Yeah but if more people begin to accept it and also with improvement in the regulatory activities of the sector the price could go higher.

It would ,but it seems that right now the price is not moving more , and if more regulatory activities are enforced it might reduce the anonymity of bitcoin

 

[SCAMEXPOSER]

It would ,but it seems that right now the price is not moving more , and if more regulatory activities are enforced it might reduce the anonymity of bitcoin

You may be right but the regulations the CEO might in terms of Crypto Currency Exchange plaform level of liquidity to provide security for Investors investment

 

[Wisdom01]

You may be right but the regulations the CEO might in terms of Crypto Currency Exchange plaform level of liquidity to provide security for Investors investment

Okay i understand you but the issue is that they night touch the privacy aspect when gathering means to provide security for investors investment

 

[highspeed]

That the use of smartphones plays a key role in favor of Bitcoin, well on this I absolutely agree.
However, I recently read that, through his estimates (I'm talking about Dan Morehead), it seems that Bitcoin can almost certainly reach at least a value of over $ 100,000, in the next month of August.

 

[highspeed]

$100000 is a high value , if bitcoin reach that amount i will be happy because the funds in my wallet would increase ,i wish it reach there very fast

Well, this is my best wish I can do for you, dear friend.
However, Joe Biden's taxation on high-income capital gains, has sadly led to this recent decline for Bitcoin.
But the future prospects for this crypto are very optimistic.

 

[highspeed]

However its possible the government needs those taxes to continue to provide good social amenities for the people , but why it affected bitcoin is not clear to me

Well, as I said in another post, I often find confusion inherent in the reasons for Bitcoin's sudden ups and downs.
But I personally, about the future of this cryptocurrency, I am decidely optimistic.
Said this...

 

[microunit]

Not only bitcoin but majority of the cryptocurrency market lately really fell down and it seems like it's having a hard time to go back up but if we connect this to old statistics of prices it's kinda predictable during this months and it might go up again during the end of months of this year

 

[a_jerobon]

That sounds like a good prediction with reasonable explanations. Indeed crypto adoption by individuals is increasing due to the easy access through smartphones. And the adoption of bitcoin by huge companies is also awesome. All these makes the price of bitcoin to rise.

 

[Niftyicon]

I guess he is right, not necessarily about the prediction but about how the more people join the crypto wagon, the higher the bitcoin price would go.

 

[Brain]

No matter the reasons given I never think Bitcoin or any other crypto currency can get to such figure even in the next three years. It just a speculation and it will remain that for a very long time

 

[SCAMEXPOSER]

No matter the reasons given I never think Bitcoin or any other crypto currency can get to such figure even in the next three years. It just a speculation and it will remain that for a very long time

Bitcoin will reach that amount in the near future because it has the potential, it just all about patience. Next year is still far.

 

[Josemendez]

200k is something that is quite huge for bitcoin to reach considering the fact that it is normal for correction after each bullish rise

 

[Brain]

Bitcoin will reach that amount in the near future because it has the potential, it just all about patience. Next year is still far.

But check it mate I doubt Bitcoin price will even triple it price now by next let alone this quoted price. it doesn't seem real for now and even in few months

 

[HappyAngel]

With the way bitcoin price reverted up on the begining of this year, one can presume that there's possibility for any movement to get to 200k in 2022 but the possibility of it coming down quickly if it hits the said price is very high

 

[SCAMEXPOSER]

With the way bitcoin price reverted up on the begining of this year, one can presume that there's possibility for any movement to get to 200k in 2022 but the possibility of it coming down quickly if it hits the said price is very high

It is possible though what determines the crash in the price of bitcoin or cryptocurrencies is the factors that hold the value up. The last crash was majorly with China.

 

[HappyAngel]

It is possible though what determines the crash in the price of bitcoin or cryptocurrencies is the factors that hold the value up. The last crash was majorly with China.

China became one of the strongest determinant of the last crash as a result of the crypto ban exercise that was carried out by it's government and this was made possible because of vast participation of huge population of china in the crypto world and the global market

 

[SCAMEXPOSER]

China became one of the strongest determinant of the last crash as a result of the crypto ban exercise that was carried out by it's government and this was made possible because of vast participation of huge population of china in the crypto world and the global market

That's correct but now that they are out of the game , US is next country with such feature , if they continue to uphold cryptocurrencies there is likely such crash won't happen in the future.