{"id":226,"date":"2021-12-10T11:34:38","date_gmt":"2021-12-10T11:34:38","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=226"},"modified":"2021-12-10T11:34:39","modified_gmt":"2021-12-10T11:34:39","slug":"bloomberg-analyst-predicts-bitcoin-could-hit-100k-in-2022","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=226","title":{"rendered":"Bloomberg analyst predicts Bitcoin could hit $100k in 2022"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n <\/p>\n<p>With the year coming to an end in the next 22 days, the chance of Bitcoin meeting its $100k target is getting slimmer with each passing day especially as the coin recently witnessed a price correction that took it below the $50k level again.<\/p>\n<p>As it stands, it appears experts are beginning to give up on the $100k prediction of the flagship crypto-asset with some already looking forward to 2022 as the year when BTC would finally reach the price.<\/p>\n<h2>Bitcoin to $100k in 2022<\/h2>\n<p>One such is the senior commodity strategist at Bloomberg\u2019s research, Mick McGlone, who wrote in a tweet that 2022 would favor Bitcoin and Gold, as both would hit $100k and $2k, respectively, due to deflationary forces.<\/p>\n<p>Analysts have speculated that the next\u00a0 U.S. Consumer Price Index (CPI) data coming on Friday would show a significant 6.7% year-on-year increase. According to McGlone, this increasing inflationary pressure would have a ripple effect on commodities prices and equities. However, this inflation rate could help push the value of BTC and golf to new highs. \u201c$100,000 Bitcoin, $50 Oil, $2,000 Gold?\u201d<\/p>\n<p>He continued that \u201cPeaking commodities and the declining yield on the Treasury long bond point to risks of reviving deflationary forces in 2022, with positive ramifications on Bitcoin and gold.\u201d<\/p>\n<h2>Bitcoin\u2019s failed $100k movement\u00a0<\/h2>\n<p>One of the most popular predictions for Bitcoin this year was that its value was going to break the $100k price. Members of the crypto community had expected an upward price movement of the digital asset after it reached its new $68k ATH in early November.<\/p>\n<p>However, the market witnessed a massive sell-off which saw the coin drop to as low as $42,000 before rebounding to its current price of $48,379. Already, some crypto analysts have stated that we might have witnessed the coin\u2019s ATH for this year.<\/p>\n<p>Posted In: Bitcoin, Trading <\/p>\n<p><h2>CryptoSlate Newsletter<\/h2>\n<\/p>\n<p>Featuring a summary of the most important daily stories in the world of crypto, DeFi, NFTs and more.<\/p>\n<h2>Get an edge on the cryptoasset market<\/h2>\n<p>Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.<\/p>\n<p>  <strong>On-chain analysis<\/strong><\/p>\n<p>  <strong>Price snapshots<\/strong><\/p>\n<p>  <strong>More context<\/strong><\/p>\n<p> Join now for $19\/month Explore all benefits<br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/bloomberg-analyst-predicts-bitcoin-could-hit-100k-in-2022\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the year coming to an end in the next 22 days, the chance of Bitcoin meeting its $100k target is getting slimmer with each passing day especially as the coin recently witnessed a price correction that took it below the $50k level again. As it stands, it appears experts are beginning to give up [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":227,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=226"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/226\/revisions"}],"predecessor-version":[{"id":228,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/226\/revisions\/228"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/227"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}