Bitwise CIO Finds Difficulties for $100,000 Bitcoin Target
Many analysts had predicted that by the end of 2021, Bitcoin would have reached more than $100,000 per piece. But, this doesn’t seem to happen in the next days, even if some analysts like Standard Chartered have sustained their optimistic approach for the specific price level.
Matt Hougan, Bitwise CIO, in a Bloomberg interview, stated that in 2022, the $100,000 target price is still active for Bitcoin but it’s really not certain for a potential success.
In contrary, he seems to have large expectations from Ethereum as its activity is growing rapidly, making its price to move accordingly to higher levels. This activity is translated to NFTs, DeFi, Web3 and metaverse, that will lead the crypto space in the next period.