Bitcoin will cost $ 100,000 by the end of the year

Adam Beck, CEO of Blockstream, said that the value of bitcoin will increase to $ 100,000 (almost 5 times) by the end of this year. Beck wrote about this on his Twitter account.

«I believe the price of BTC will rise to $ 100,000 this year. The chase for a U.S. BTC ETF will cause a big convergence and increase the possibility of reaching the top next year,» Adam Beck wrote.

my permabull case for BTCUSD $ 100k this year. https://t.co/gsgdKFjzPP plus a US physical #bitcoin ETF chaser (GBTC upgrade + other) would create a nice whipsaw and probably trigger a big uncoupling and positive reflexivity into a blow off top next year. no leverage bois.

— Adam Back (@adam3us) June 16, 2022

Earlier, Beck expressed his own prediction that the start of the US Senate elections and the growing risks for the Federal Reserve will create a favorable environment for bitcoin growth. The analyst also advised against using leverage, especially now that DeFi is in the midst of a protracted crisis. Blockstream CEO advised to «just buy, hold, and wait.» The same view is shared by Binance CEO Changpeng Zhao, who believes that anyone who buys BTC now will make a big profit in the future.

The No Worries team does not give financial advice on investing your savings. We advise you to make your own decision after weighing the pros and cons.