Many experts say that bitcoin can hit more than $2,00,000 in 2022, but there is no 100% surety about it; in this article, we will talk about the possibilities of whether it can cross the mentioned value or not.
There are a lot of bitcoin users who use bitcoin for different purposes such as some use it to earn huge profit by holding it for more than five or ten years, and some use it for short term profit , some help for accepting and sending payments and many more.
The long-term investors know the potential of bitcoin, and they are not selling.
So the current Bitcoin holder is not selling the bitcoin, and there are high chances that bitcoin will cross $1,00,000.
The banking analyst, Sachs, predicted that the value of bitcoin would cross 1,00,000 dollars in 2022, and JP Morgan had forecast the value of bitcoin in November 2021 when the price of bitcoin broke the record of 60,000 dollars would hit 1,48,000 dollars.
Two significant reasons will help achieve the target value to bitcoin said in a recent interview on CNBC crypto word by Cofounder of Fundstrat global advisor.
People above age 65 in the United States own 100,000,000,000,000 dollars, and they think about bitcoin just as a hobby and playing, but they are not serious about it.
So it is tough to say whether bitcoin will cross 2,00,000 dollars or not since it is a non-controllable coin.