What Investors Should Know About Bitcoin Prices

Panic is in the air as Bitcoin continues to dip. The year started off rocky, but different experts have different predictions, with the most common being that bitcoin will get to $100,000.

The coin has almost hit levels of low that has not been hit since 2020, and the market is dealing with the results of a massive sell off.

Now if you’re an investor, you’re most likely dealing with the losses (and worry). In this article, we’ll share what the industry experts say so that you know what to expect:

Price Predictions for Bitcoin

Even though BTC’s price keeps dropping, the experts still predict that it will hit $100,000, even though there are different opinions about when this will happen.

Yes, there is nothing new about Bitcoin’s volatility, but you should be careful as a new investor when allocating a part of your portfolio to Crypto.

It’s true that BTC has consistently risen over the years, so it is normal to be curious about the heights it can get to. However, it can be difficult to predict Bitcoin’s prices, we compiled the predictions from top crypto experts, and we hope this helps your decision making:

Robert Breedlove

Breedlove is the Founder and CEO of Parallex Digital, a digital assets consulting and marketing firm.

He predicted that crypto would get to $307,000 by the end of October 2021 and in 2031, it would be at $12.5 million.

Reason: By Breedlove’s reasoning, post COVID-19 inflationary pressures will cause a massive interest in crypto which will cause the BTC value to go up higher. Breedlove’s worldview as a philosopher type personality influences his predictions and he will often talk about the broader social themes and implications surrounding crypto but his predictions are not exactly always accurate.

Ian Balina

Balina is the Founder of Token Metrics, a crypto media and research company. He is also, of course, a Bitcoin Investor.

Balina predicts that Bitcoin could indeed get to between $100,000 and $150,000. He doesn’t have a clear timeline for when he predicts it will get to that price.

Reason: He notes that Bitcoin is in its cycle of bearish sentiments even though other crypto assets and the general crypto market isn’t. He says the Bitcoin bring the first crypto has not stopped others from surpassing the coin in terms of innovation, and there is now Web 3. As more altcoins are released, and the metaverse continue to get hyped, the demand for crypto will also skyrocket, leading to BTCs recovery.

Matthew Hyland

Hyland is an expert blockchain data and Technical analyst and predicts that in 2022, Bitcoin will definitely reach $100,000.

Reason: Here’s what Hyland’s reasoning looks like. He noted that the price of BTC January 2021 was almost the same as its price in January 2022, with one major difference – the increase in the demand for altcoins.

He says that a dip that goes below $40,000 could be devastating and lead further to a free fall into the bear market. He also tweeted about the current trend of BTC supply going from major exchanges and speculates that they’re being preserved in offline crypto wallets.

There have also been predictions from Bloomberg and JPMorgan, big financial institutions. Bloomberg predicts $400,000 if Bitcoin climbs at rates with which it has in the past.

JPMorgan, on the other hand, predicts $146,000 long term.

Disclaimer: these have not been posted as financial advice and you should still carry out further research. In the meantime, we do advise that you focus on building a worthy portfolio with other assets as well as you make decisions about what to do with Bitcoin.

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