Friday, December 1, 2023

Will Bitcoin Touch $100,000 This Year?

After a period of slump triggered by the Chinese crackdown of crypto exchanges and miners, Bitcoin is back on track and growing steadily. In the last month alone, Bitcoin has gone up by almost 25%.

In May-June of this year, Bitcoin was at its yearly lowest of $30,000. Within a month, it touched $64,000 again. However, it soon hit a low of $40,000 only to rise back up and maintain its present value of around $62,000.

Crypto experts and analysts noticed the pattern of bitcoin falling only to recover, and this gives them hope in bitcoin’s long-term value. Many are projecting that Bitcoin might see an unprecedented run in the future. The next benchmark, $100,000, does not look like a foolish dream anymore.

However, not everyone agrees with bitcoin’s projected value of $100,000. Some are doubtful of its possibility, while others think that it is very unlikely.

Speculations around Bitcoin’s prospects of touching $100,000 came up when Bloomberg published its Crypto Outlook Report. In the report, it is stated that chances of Bitcoin rallying upward and touching $100,000 are way more than it going down to $20,000. As Bitcoin progresses towards an all-time high, many are hopeful of Bloomberg’s analysis coming true.

In the past couple of months, following the China ban on crypto, cryptocurrency has become a household word in many parts of the country. We are living through an unprecedented time for digital currencies, and the chances of Bitcoin touching $100,000 cannot be ruled out. Now it is a matter of time to see whether the speculations turn out to be true.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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