Binance’s US CEO Predicts BTC Will Hit $100K By 2022: Report

Binance’s US CEO Catherine Coley predicted that BTC will likely hit the $100L price point by 2022 as Bitcoiniers are looking into the accelerated version of the 2017 bull run so let’s find out more in today’s binance news.

Binance’s US CEO Catherine Coley sees the current BTC bull run as a strong sign that the cryptocurrency will reach a price up to $100,000. Speaking to KLTA, Coley explained that the recent rally in the BTC price that moved it from $19,000 to $34,000 in less than a month, only means that another price surge will be hitting the asset thanks to the accelerated rally based on what happened before in the 2017 bull run. At that time, BTC surged by more than a year after the rewards halving in 2016:

 “Where maybe we thought maybe $50,000 made sense, this number is definitely going to be a little bit higher than that in my opinion. I think we’re going towards $75,000 to $100,000 for Bitcoin by the end of 2021.”

Just published: front page of the Financial Times international edition Monday January 4 https://t.co/0ANz1YQw27 pic.twitter.com/lN2t2CBKVU

— Financial Times (@FinancialTimes) January 3, 2021

The Binance US CEO is not alone in the bullish predictions for the upcoming year as Dan Held, the Kraken exchange growth lead explained that BTC could be entering a “supercycle” in 2021 driving the price to $1,000,000 in a video posted to his YouTube channel last week. Held predicted that the BTC price will have a 100x increase based on the increasing adoption for the asset. The current bull run caught the attention of some bigger news outlets as BTC made the front page of UK based international business newspaper Financial Times. At the time of publication, the price of BTC is $33,410 as it increased by 4% in the past day.

Dan Held of Kraken, pointed out that Bitcoin’s founder Satoshi Nakamoto believed that Bitcoin’s speculative nature will be the key feature that will help it grow and he even quoted Satoshi speaking of Bitcoin’s vision and connecting it to the one of a traditional marketing phenomenon known as the “viral feedback loop.” For example, Satoshi believes that as the number of users grows, the value per coin will increase. It has the potential for positive feedback as the users increase the value goes up which is likely to attract more users to take advantage of the increasing value. He also explained this before BTC was worth even a penny.