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Binance U.S. CEO states Bitcoin will thrive to $100k by 2022

Binance U.S. CEO states Bitcoin will thrive to $100k by 2022

Binance U.S. CEO, Catherine Coley, has recently predicted a remarkably bullish outlook of Bitcoin. She states that the crypto community will witness an accelerated version of the 2017 bull run by 2022. During an interview with a news outlet, KLTA, she says that the bitcoin price will surge. In a month, Bitcoin has reached from $19,000 to $34,000. Moreover, the reason behind this wave is the increase in the number of institutional investors. 

Catherine Coley thinks that by 2022, the Bitcoin price will reach over $75,000 to $100,000. It is not only Catherine Coley that has remarked such bullish predictions about Bitcoin price, though other crypto players believe the same. The growth lead at Kraken, Dan Held, has predicted that Bitcoin will be extremely bullish in 2021. Bitcoin has the potential to reach $1,000,000 in 2021, states Dan Held. However, earlier, he predicted a massive rise in Bitcoin price due to its development in the user base and its adoption.

Dan Held predicted in a video posted on his YouTube Channel that the price of Bitcoin would relocate much more than a 100x increase. This is owing to the growing adoption of the crypto asset. Moreover, the way Bitcoin has been operating for the past few months is strengthening the crypto community’s expectations, particularly the Bitcoiners. 

Institutional investors growing interest in Bitcoin

However, the Bitcoin price gained about 300% in 2020. Institutional investors are showing interest in Bitcoin as a hedge investment against a depreciating dollar. Jim Cramer, the CNBC Mad Money Analyst, also mentioned that his new-found appreciation of Bitcoin arises. The asset being something that he believes his children will know more so than gold. 

Conversing with Morgan Creek Digital co-founder Anthony Pompliano’s podcast on Sept 15, Cramer said that he believes that his children won’t feel content acquiring gold but will feel comfortable with crypto. Cramer agreed that maybe he was held in the past with some of his early assessments and gold wealth storage leveraging.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.