Binance US CEO Catherine Coley says Bitcoin will reach $100,000 by 2022. A rather optimistic prediction.
Indeed, Catherine Coley, Binance US CEO since 2019, recently predicted that Bitcoin will reach $100,000 by 2022. A remarkably optimistic outlook.
Basically, during a media interview with KLTA, Catherine Coley indicated that the price of Bitcoin will rise. In fact, the reason for this wave is the increase in the number of institutional investors interested in Bitcoin.
She also says that the crypto community will witness an accelerated rebound, based on what happened before the 2017 boom cycle. In which the price of Bitcoin Machine increased more than a year after the rewards were halved in July 2016.
Do you think Bitcoin will reach $200,000?
Bitcoin will reach $100,000 according to Catherine Coley
In short, Coley, CEO of Binance US, believes that by 2022, the price of Bitcoin will reach between $75,000 and $100,000.
„Where we thought maybe $50,000 made sense, this number will definitely be a little higher than that. In my opinion, I think we’re going towards $75,000 or $100,000 for Bitcoin.
Consequently, it’s not just Catherine Coley who has made this optimistic prediction about the price of Bitcoin. In fact, we have Dan Held, Kraken’s growth leader, who has said that Bitcoin has the potential to reach $1 million by 2021.
In fact, in a video posted on his YouTube channel, Held predicted that the price of Bitcoin would move much more than a „100-fold increase. Based on the growing adoption of Bitcoin.
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In this regard, institutional investors are showing interest in Bitcoin. By the way, Jim Cramer, the analyst from CNBC, mentioned that his new appreciation for Bitcoin is emerging. It’s something he believes his children will know more than gold.
Similarly, the investment director of the OFF the Chain Capital fund, Brian Estés, said that going from $18,000 to $100,000 in one year is no exaggeration.
„I’ve seen Bitcoin go up to 10, 20, 30 times in a year. So going up 5 times is no big deal.
Therefore, Brian Estés predicts that Bitcoin could reach between $100,000 and $288,000 by the end of 2021.
Likewise, Lennard Neo, one of the directors of the company Stack Funds, indicated that according to his forecast, Bitcoin will be between $60,000 and $80,000 by the end of 2021.
As a curious fact, in a controversial message, Catherine Coley, CEO of Binance US. said that adopting crypto currencies, helped companies to be resistant to the pandemic and indicated that they were „not smart enough“ if they did not include them.
„If you’re building a business in the next five years and you don’t consider cryptomonics as a component, you’re getting into this in an unintelligent way.
By the way, the current bull run has caught the attention of the main media. As a result, Bitcoin was featured on the front page of the Financial Times.
In conclusion, the way Bitcoin has performed over the past few months is raising the hopes of the crypto community.
I leave you with this quote from Zig Ziglar: „You don’t pay the price of success, you enjoy the price of success.