• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Bitcoin Could Reach $100,000 In 12 Months: Messari CEO’s Bold Prediction
Bitcoin

Bitcoin Could Reach $100,000 In 12 Months: Messari CEO’s Bold Prediction

March 17, 2023 by Ammar Raza

Messari CEO, Ryan Selkis, has made a bold prediction for the future price of Bitcoin (BTC) amidst concerns over the broader banking industry. 

In a tweet, Selkis suggested that BTC could rise to $100,000 in the next twelve months due to more bank failures, the reintroduction of Federal Reserve cuts and quantitative easing, and sustained moderate inflation. 

He also noted that institutions might begin buying BTC faster than the Federal Reserve can shut them down. The community response to Selkis’ tweet has been mixed. Some believe that the Fed will not pause or cut interest rates next week, while others point out that people have been predicting a $100k BTC for years. 

However, one commenter sees promise in the fact that BTC started at $3.5k and reached $65k, and now has a chance to reach $100k from its current level of around $20k. Another commenter argues that the Fed injecting more cash into the system during a high inflationary period could be problematic.

Some have added their own predictions to the mix. One commenter believes that the Feds or bank surrogates will counterattack with massive shorts on BTC derivatives, causing the price to plummet. 

However, enough HODLers (people who hold on to BTC) will pull their coins from exchanges, causing the naked shorts to blow up. Another commenter sees potential in Fidelity offering Bitcoin access to 100% of its retail customer base.

Nevertheless, the community response to Selkis’ prediction is mixed. Some are optimistic, while others are cautious. Regardless, it is clear that BTC has a significant following and that many believe it has the potential to soar in value.

Bitcoin Surges Past $26,000 & Eyes Next Major Resistance

Bitcoin (BTC) has made a sharp upward move, clearing a major resistance level earlier today, and surpassed the $26,000 mark, resulting in a shift in focus towards the next major resistance. 

This latest surge in Bitcoin’s price has taken many analysts by surprise, with some predicting a bearish market in the coming months. However, the current trend suggests that Bitcoin is set to continue its upward trajectory, with investors keeping a close eye on the next technical level of $28,000.

According to the prediction from Markus Thielen, the head of research and strategy at Matrixport, Bitcoin now has the chance to climb to the next technical level.

Thielen said: 

Within larger price swings, bitcoin has rallied, reacted, and retested from $4,000 point increments – $16k, $20k, and $24k – from which the current breakout is now targeting $28K.

Related Reading | Not XRP, But Regulators Are Now After ETH- Ripple Lawyer

Filed Under: News, Bitcoin News Tagged With: Bitcoin (BTC), Messari

Primary Sidebar

Recent Posts

  • OKX CMO’s Bold Bitcoin Proposals Receive Surprising Support In Public Vote March 24, 2023
  • Bitcoin’s Value Debate: Diversification Vs. Long-Term Hold Amidst Uncertainty  March 24, 2023
  • Cardano Trading Pair Delisted Citing Low Trading Volume March 23, 2023
  • Ripple CTO Slams SEC’s Coinbase Crackdown: Incompetence Or Insider Protection? March 23, 2023
  • TRON’s Justin Sun Posts Cryptic Tweet After SEC’s Lawsuit March 23, 2023

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2023 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.