PI Global Investments

Prediction: Traders Predict Bitcoin Will Hit 100k

Bitcoin had a rough ride in the year’s first half, but expert traders still say it will eventually hit $100,000 and even more. However, there are many opinions on when it hit the $100k benchmark.

Over the years, Bitcoin has shown a steady rise in its value. According to a study by Deutsche Bank, a quarter of BTC traders believe bitcoin prices will reach over $110,000 in five years. As its current price is around $36,000, Bitcoin would have to nearly triple to hit $100K.

What’s the drive of Bitcoin’s volatility? What’s the feasibility of BTC hitting $100k? Are altcoins like D2T, IMPT, RIA, and TAMA on the list of altcoins benefiting from the price spike? Read on to find out.

Value of Bitcoin

Bitcoin has struggled to maintain its position above $20k over the last few months. However, it sank below that level throughout September and October 2022, having recovered from

a 19-month low of $17,708.62 in June.

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