Max Keiser, a pro Bitcoin advocate and crypto podcaster claimed that (BTC), could still touch $220,000 threshold by 2022, despite recent sell-offs in the cryptocurrency sphere.
, a crypto advocate, tweeted this forecast multiple times in the early part of 2018. He continues to argue that the limited supply of BTC still plays an important role in keeping the bullish mood for the largest cryptocurrency market capitalization.
Only 21 million coins are possible to mine, and BTC’s programming doesn’t allow for further expansion. At press time, more than 18 Bitcoins had been mined. However, it will take many years to mine the three remaining BTCs.
Keiser stated that Bitcoin’s price growth would precede the rapid growth of Bitcoin’s. Bitcoin currently trades at 0.88% per day, and is now exchanging hands at $20.733.
Bukele and Schiff comments on the Sell-Off
Nayib Bukele, El Salvador President, commented on the Bitcoin price drop. He tweeted: “I see that some people worry or anxious about Bitcoin market price. I advise you to stop looking at the graph, and just enjoy your life. Your investment in Bitcoin is secure and will continue to grow even after the bear market. Patience is key.
, a crypto skeptic and Peter Schiff replied to Bukele’s tweet with the comment: ‘That advice is as bad your advice to purchase the top. How can you claim that a Bitcoin investment is safe when it has already lost 75% its market value? It is impossible to predict how low Bitcoin will drop during the bear market or if it will recover to its current level.
Bitcoin is now down almost 72% from its high on Saturday, while the crypto market cap plummeted below $900 billion.
Max Keiser, a pro Bitcoin advocate and crypto podcaster claimed that (BTC), could still touch $220,000 threshold by 2022, despite recent sell-offs in the cryptocurrency sphere.
, a crypto advocate, tweeted this forecast multiple times in the early part of 2018. He continues to argue that the limited supply of BTC still plays an important role in keeping the bullish mood for the largest cryptocurrency market capitalization.
Only 21 million coins are possible to mine, and BTC’s programming doesn’t allow for further expansion. At press time, more than 18 Bitcoins had been mined. However, it will take many years to mine the three remaining BTCs.
Keiser stated that Bitcoin’s price growth would precede the rapid growth of Bitcoin’s. Bitcoin currently trades at 0.88% per day, and is now exchanging hands at $20.733.
Bukele and Schiff comments on the Sell-Off
Nayib Bukele, El Salvador President, commented on the Bitcoin price drop. He tweeted: “I see that some people worry or anxious about Bitcoin market price. I advise you to stop looking at the graph, and just enjoy your life. Your investment in Bitcoin is secure and will continue to grow even after the bear market. Patience is key.
, a crypto skeptic and Peter Schiff replied to Bukele’s tweet with the comment: ‘That advice is as bad your advice to purchase the top. How can you claim that a Bitcoin investment is safe when it has already lost 75% its market value? It is impossible to predict how low Bitcoin will drop during the bear market or if it will recover to its current level.
Bitcoin is now down almost 72% from its high on Saturday, while the crypto market cap plummeted below $900 billion.