Despite a shaky start to 2022, BITCOIN is expected to hit “new highs” this year.
Despite its recent vulnerability and the uncertainty surrounding it, some experts believe Bitcoin could reach a target price of $100,000.
“I still believe that the $100,000 price point is reasonable,” Hong Fang, the CEO of cryptocurrency exchange OKCoin, told CNBC recently.
According to CoinDesk, Gavin Smith, Panxora’s CEO, believes the coin will see a significant rebound.
Experts say Hut 8 Mining’s “balance sheet-first mindset will appeal to prospect Bitcoin miners,” according to the report.
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