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Bitcoin Hits $100,000 in 2022: Report

Despite being down nearly 30% since November’s all-time high, Bitcoin is still in a consolidating bull market and on track to hit $100,000, according to a report from Cointelegraph. Bloomberg Intelligence report. The article says it is unlikely that the BTC bull run has stopped and predicts a fixed supply to sustain the increasing price.

“The key question facing Bitcoin as it approaches the start of 2022 is whether it will peak or simply be a consolidating bull market,” the report said. “We believe it is the latter and see that the standard cryptocurrency is well on its way to becoming a global digital collateral in a world that is going that way.”

https://bitcoinmagazine.com/business/bitcoin-to-hit-100000-in-2022-bloomberg-report Bitcoin Hits $100,000 in 2022: Report

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