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USD 100K per Bitcoin 'Hopium' Now Moved to Mid-2022
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cryptonews.comAfter failing to reach USD 100,000 by the end of 2021, as many expected, the price of bitcoin (BTC) is likely to hit this milestone during the first half of 2022, two industry leaders have argued. Others, meanwhile, warn that further price consolidation is the most likely outcome as the market enters the first quarter of 2022.
“We’ll see [USD] 100k within the first half of the year,” Samson Mow, chief strategy officer at bitcoin development firm Blockstream told Yahoo Finance on Tuesday.
Mow added that bitcoin over the short-term will likely continue to behave as a risk asset like stocks, with central bank policy being a driver of price. However, he added that:
“On a long enough time horizon, [Bitcoin] does its own thing.”
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