Bitcoin is testing $ 51,000, Tom Lee believes it can hit $ 200,000 by 2022
To Hold out for five weeks Sale, Bitcoin, the largest cryptocurrency in the world go on a cop runto recapture the previous high of over $ 51,000.
In the past 24 hours, Bitcoin has increased 3% and is priced at. achieved $ 51,113. Bitcoin is currently trading at around $ 50,830.
Bitcoin will hit $ 200,000 in 2022
As Bitcoin Tom Lee, managing partner at Fundstrat Global Advisors, has forecast that after a rather disappointing end of 2021, Bitcoin could be valued at up to $ 200,000 by 2022.
Well-known crypto analyst Nicholas Merten has come to the same conclusion as Tom Lee when plotting a potential price path for Bitcoin – Bitcoin could quadruple there sometime in 2022, resulting in a valuation of $ 200,000.
Before Bitcoin hit an all-time high of $ 68.8k on November 10, Tom Lee predicted that the approval of the Proshares Bitcoin ETF would push the BTC price to new highs. Meanwhile, the bulls were unable to maintain the upward momentum, causing Bitcoin to peak below its $ 100,000 forecast.
The managing director From Microstrategy, Michael Saylor, is also optimistic about the future of Bitcoin. Michael Saylor believes that Bitcoin will replace gold in the future when it reaches a value of $ 6 million.
Why should you care?
As an asset, Bitcoin will have matured in 2021, which shows: increase usability and its resilience to downward pressure – factors that could aid its dominance.