Bitcoin will rise to $100,000 over the next 12 months if the pace of its institutional adoption accelerates. That’s the prediction Messari CEO Ryan Selkis made on Twitter late last week.
BTC was hitting $27,738 over the weekend, but as early as Monday, the rate corrected below $27,000. Selkis stressed that the dollar has been weakening in recent days, and more and more investors are looking at the digital currency as the safest instrument.
Large companies such as MicroStrategy have already realized the gigantic benefits of bitcoin and have begun to increase their investments in it.
According to Messari’s CEO, with macroeconomic uncertainty and increased inflation risks associated with the inclusion of the printing press and the issuance of paper money, bitcoin’s attractiveness will increase.
At the same time, Ryan Selkis reminded that the digital currency is highly dependent on IT companies’ stocks. Therefore, it should be considered at this stage as a speculative and risky instrument, the confidence in which will be strengthened in the long term.