Bitcoin Forum

On 31st December, new year Eve a number of people started making jest of the $100k BTC price prediction as one of the biggest lie of 2021 and they made jokes of it.

Yea, Bitcoin came close $69k making it very hard to totally write off the prediction though it didn't meet, but then it was somewhat reasonable but ended 47k at the end of 2021 not even on half mark of $50k.

But as a new year reassurance for 2022 Elsavador president Nayib Bukele predict once again that BTC will hit $100,000.

The figure above looks funny to some people, I won't lie I have doubts for that too...lol!...but what do I know, I'm just a beginner in this whole thingy.

What do you guys think of BTC in 2022?

The Elsalvador President is just another amateur when it comes to crypto,he thinks he can just HODL the bitcoin without any plan,though in contrast to the investments of other countries its still way better but his mentality isn't something that should be praised.
Its the tax payers money not his own that he is buying bitcoins with,having said that all his predictions are nothing but a wish,he just wants to create enough hype and spread the word around ,nothing to be taken seriously.

I don't understand why anyone would think that's a joke, that's not a joke at all when you see the bitcoin price chart in long term and see how bitcoin price is rising during all these years, I remember when bitcoin was trading below 1K some people were saying bitcoin going to fall and stay less than 100 dollars while some other people were expecting 10K price, know the price is 48K and it could even reach 60K price level while people are still joking but this is not a joke at all, I'm sure El Salvador president is right about the price it will reach even higher prices.

There is nothing to make this funny or look at his prediction funny, because when the price of bitcoin was around $4000 there were discussion and expectations of touching $5000. What happened by then made people get surprised. The price grew crossing $10k and marked its ATH value above $20k during the previous bull market. By that time the market was very young and there is no big awareness and there is no big adoption compared to the present.

Maybe the president is an amateur, but his predictions could come anytime. If this doesn't happen this year, maybe someday this will happen.

people should realize that the bitcoin price started at the very bottom. even reaching $1k back then looks impossible, but here we are currently sitting at $47k. I understand the doubts the people/you have about bitcoin reaching $100k but bitcoin reaching $100k is not entirely impossible. that being said, will bitcoin reach $100k in 2022? I don't know, only time will tell.

As much as i am a bitcoin enthusiast, i believe that know one will take the Elsavador President seriously because already there is a conflict of interest and this prediction is 100% bias. But then again its good to see that he is walking the talk and not just talking from without, his invested in crypto and giving his position which is the best investor we could ever ask for!!

It's not funny when someone predicts are really possible price. You may probably haven't know that many of us here also thinks that bitcoin is going to hit $100k soon. Many have thought that it's going to happen last year but it didn't. So, we're just going to move that hope and prediction for this year. Again, we're going to have a long year as it starts and many things can happen but we're all positive that another all time high is going to be reached very soon.

You don't need to rely on El Salvador President to make decision to hold your Bitcoin. Price will touch to $100,000 but when? It can be in 2022 or 2032. Are you young or old? If you are young, you will be able to make a 10-year plan or longer for your Bitcoin investment.

Hold it 10 years and you will be able to sell it at $100,000 or even higher $1M. If price moves faster, you will be able to sell it at $100,000 sooner than in 2031.

If you can't hold, you can't get rich as CZ tweeted.

https://i.ibb.co/7SHxkQX/image.png

I'm not very good at reading charts, but at least there is something that makes me continue to believe how Bitcoin in 2022 is a big question mark. The estimated price of 100K is quite visible if you say it at the beginning because it is still in a very calm line.

Don't be surprised, isn't this the only time that the highest price achieved by Bitcoin was ridiculed and considered impossible by Bitcoin haters? but in fact, we are now in the most extraordinary zone of silencing their mouths. If they were people who understood the growth of Bitcoin, then the jokes they made would only be laughed at by a lot of people.

I honestly think it's time they stop all this unnecessary prediction, it's turning into a play house, this are predictions that really has no base and it's just made without even any logical reasons backing it up, and mind you to any -Newbies- in here Bitcoin or crypto-currency isn't attached to anyone's prediction be the person an influencer, celebrity or even head of states, so always do your own research. And don't get suprise when predictions fails

It's not possible because indeed before year 2021 ended there's already a prediction from some expert analyst that bitcoin has a potential to reach that value. So its not surprising that even El Salvador the very first man who implemented bitcoin as legal tender believes that there's a possibility as well for such prediction..so let's expect what's unexpected..

There's very high chance that $100,000 mark will be reached eventually, but one year is way too short term to make any decent predictions. Bitcoin market wasn't always going up, it had long periods of decline and stagnation too, we could very easily be entering another such period right now. This is why it's important to not invest more than you can afford to lose in short term. If Bukele invested too much money from the government budget and he won't be able to balance all government spending because of it, he will be in a deep trouble if the market will turn bearish.

I think Bukele is also aware on the bearish season of bitcoin as its also a part of price movement cycle so he must be thinking on how to balance his expenses before it will happen. But i can see that Bukele is definitely looking forward for what bitcoin can give in the future so if we can see the positive side of bitcoin like reaching a $100k in the future, then we will be aware on how to make good investments for bitcoin so we can make a good start in it and hope for the huge profits at the end of this year.

as I see it, the president of el salvador is desperate for the price to reach 100,000$ so that he can make a profit of 2X or more, he bought bitcoin when the price was over 40,000$ and he bought it thinking that the price would reach 100,000 $, but the price fell instead of going up and that is not good for him, if the price falls below 40,000$ he will be with great losses, maybe his forecast is to avoid this fall

Dude, if you got this news from a certain source, please provide the link on your thread. So, people will know it is not a rumor, or a lying issue.
By the way, predicting Bitcoin to reach $100k isn't a wrong attitude, everyone can predict with their own analysis. President Nayib Bukele doesn't force us to believe in his prediction, even he never said an exact time for BTC reaching $100k. So, I don't see something wrong or weird here, he has the right for that prediction. Also, we cannot claim that the prediction is failed since 2022 has just begun. Who knows if Bitcoin really passes $100k in the next few months.  ;)

President Bukele predicts Bitcoin $100k rally, further legal adoption and more
https://cointelegraph.com/news/president-bukele-predicts-bitcoin-100k-rally-further-legal-adoption-and-more (https://cointelegraph.com/news/president-bukele-predicts-bitcoin-100k-rally-further-legal-adoption-and-more)

El Salvador's President: Bitcoin Price To Reach $ 100,000 In 2022
https://thetimeshub.in/el-salvadors-president-bitcoin-price-to-reach-100000-in-2022 (https://thetimeshub.in/el-salvadors-president-bitcoin-price-to-reach-100000-in-2022)

Plan B falló con el precio de bitcoin a USD 100.000, mientras Bukele especula
https://www.criptonoticias.com/comunidad/plan-b-fallo-precio-bitcoin-usd-100000-mientras-bukele-especula/ (https://www.criptonoticias.com/comunidad/plan-b-fallo-precio-bitcoin-usd-100000-mientras-bukele-especula/)



Twitter Nayib Bukele @nayibbukele
https://twitter.com/nayibbukele/status/1477464599612076038 (https://twitter.com/nayibbukele/status/1477464599612076038)

2022 predictions on #Bitcoin:

•Will reach $100k
•2 more countries will adopt it as legal tender
•Will become a major electoral issue in US elections this year
•Bitcoin City will commence construction
•Volcano bonds will be oversubscribed
•Huge surprise at @TheBitcoinConf

Thanks for the source links.
Hope that OP will add those links to his thread above.

Do you know what countries that President Nayib means here?
It should be great news for him & us. So, more countries support what El Salvador has done, by making BTC be a legal tender.
This means BTC role to be more important. Being a legal tender is the next level of BTC adoption, not as a digital asset only. Now the government considers it to be their crucial part in improving the economic/financial sector.

BTC in 2022 for 100k is not an impossibility but obviously there is an entire journey ahead such that I would not predict it for so little a time frame as just 12 months.    Consolidation is not weakness, its necessary revision before prices can develop further usually upward as trends for BTC long term has shown.   We have lost the 50 day average and for momentum that is required to be especially optimistic but over the course of an entire year then it would not be sufficient gauge, the 200 day average is rising and personally I take the 50 week average (strong rise) as inclusive of main markets too.

That prediction of the price by this year seems most likely impossible but who knows it will happen.
Good to see that those countries are very positive when it comes to predicting the market price of Bitcoin and it seems they are looking desperate about the price that should be increased.  That's their opinion and I think we respect them by that.

IMO, Bitcoin price will continuously increase as we see there are too many people adopting it and now there are few countries that already did a legal tender which has made a good impact on the Bitcoin price, sooner or later I won't surprised about their prediction that to become true.

There was no reassurance made by President Nayib Bukele of El Salvador. He was just predicting just like everyone else. I am also predicting that Bitcoin will finally reach $100,000 in 2022. That could be wrong. Both of us could be wrong. All of us could be wrong. But it is always better to predict with optimism than predict with pessimism. During the bullish weeks of the 4th quarter of 2021, people really thought Bitcoin could reach $100,000 before the year ends. There was no wrong with that. The only wrong thing is that there were some people who did not cooperate and sold instead of hodled.  

Hey anyone can make a prediction, whether it be completely baseless or absolutely nonsense, backed with info/facts, or whatever methodology you used, a prediction s in the end just a prediction. Not to mention that the topic is about the crypto market, a very volatile market, nothing is impossible imo. Besides, a jump from $15k ish to $60k ish in 6 months did happen in the beginning of last year, so really, it isn't that odd for some, well, very positive thinking people to look at the market and be very bullish for it.

Sides, randomly making predictions is free.

who Lied to Whom? it is people stupidity to believe that and never blame anyone because of that foolish belief.

We Knew that this market is unpredictable so why will look for that amount when it is far from the ATH ?

Let the man believe what he wanted to believe , he does not Hold the entire bitcoin so who can tell what and when to climb the price?

you are newbie or beginner so listen to no promises , but make your own research for your own funding .

I think him and his country heavily on bitcoin, you really have to understand where his prediction his coming from. Maybe he wanted the investors to wake up again and pour some money on the market to make a good price at around $50k. However, we are now entering a delicate phase of a bear market unfortunately. Maybe it was a good time to accumulate again just like the President Nayib Bukele, but seeing a 6 digit this year might not be possible.

Bear markets are temporary. Although it may be possible that it stretches into long time frames, it seldom happens. If the entire year of 2022 will be like that of 2018, then I would say that $100,000 is not possible. But if the year is a normal one with bear and bull cycles, it is very possible that $100,000 will happen. We will also consider that the latter part of 2021 is already a bear phase. Entering in 2022, we are now expecting the price to somehow start to consolidate and push higher.

I also am glad I am not the only one who finds some of his tweet unprofessional. He is the president of a country but he is tweeting about buying dips and arguing with that Gold bug Peter S from time to time. You would think a president would have more important things to tweet about.

What he is doing is good. He is promoting adoption and this might prevent hyper inflation for some residents. However keep in mind that many of these residents have no idea how to use Bitcoin. And look how volatile it is. One day it could lose 80% of its value and from a poor country that’s pretty devasting to say the least. I wonder how his Bitcoin city project will go.

Since the OP doesn't post links, it's not 100% clear to me, but I understand that Bukele predicted the price was going to hit $100K in 2021 and now he's predicting it again in 2022. About 2021 is nothing unusual. All predictions (other than Bitcoin haters) gave a minimum of that price.

Regarding 2022, it is not so strange because there are many people who think that we are in a delayed cycle, and that the blow off top so characteristic of previous cycles will happen in 2022, although now there are also people who are beginning to doubt whether the top of this cycle is not already touched with almost $70K last year.

So, you can question what he says, but I certainly don't think it's a joke.

I don't see it also as a joke because bitcoin upward trend is definitely going there. It might be this year or probably the next year around. But i have high hopes that bitcoin will start to surge its price in the next days before the bear season comes, and definitely end up with a new all time high. Although the market still looks unstable because most crypto prices are in decline, but if there's big positive news that will suddenly change the market condition, i think bitcoin will skyrocket again reaching its new all time high.

Bitcoin movements are very volatile, so no one really knows where Bitcoin is going. Even I believe Satoshi Nakamoto as the creator of Bitcoin can't
predict accurately where Bitcoin will move. So indeed predicting the price of Bitcoin is not a joke, but as the hope of Bitcoin supporters, if it fails
to be achieved, it is not something to be concerned about. So I believe the El Salvador president predicting the Bitcoin price to hit $100k is no joke,
because quite a lot of people predict Bitcoin could hit $100k in 2022. If anyone thinks it's a joke, that maybe they don't know Bitcoin well,
or they are among those who are disappointed that Bitcoin failed to hit $100k by the end of 2021.

Because in my opinion, it is very likely that in 2022 Bitcoin will reach a price of $100k, therefore I have no doubts at all for holding Bitcoin. But there
really is no compulsion for everyone to believe that Bitcoin could hit $100k in 2022, everyone is entitled to their own beliefs. So if there are people
who don't believe in Bitcoin can reach a price of $100k and think it's a joke that's their right. But please also respect people who believe Bitcoin can go
as high as $100k, life would be more beautiful if everyone could respect each other's opinion.

I believe Bitcoin in 2022 would be the newbies of 2020’s halving cycle sell their shitcoins, and to start actually HODLing their capital/savings in Bitcoin. Would that make Bitcoin surge to six digits? No, but it’s a preperation for the next halving cycle’s surge.

https://pbs.twimg.com/media/FIM3h7HXIAEwIOz?format=jpg&name=medium

When crypto influencers, analytics and other people close to finances predicted Bitcoin growth, Bitcoin price to reach $100k in 2020-2021, rapid growth after halving in 2020, and nothing of it came true, no one cared a lot. But when a person that is trying hard to make Bitcoin popular and helps its adoption, predicts $100k, then everyone count is as a joke. Why? Because he is a new in cryptocurrency? We all were new. At least he is giving true or achievable predictions. At least he does not "expect $70-100k by the end of year", when the price was $10-13k.

When a president of a country, and specially a country that took bitcoin as legal tender, makes a prediction then it has a bigger say in these type of things than you and I would have. His prediction decides the future of a nation and he makes investments on the behalf of everyone in his nation. This is why I believe that he should not be really making these type of grand predictions. I could do it, you could do it, but he can't, or at least he shouldn't.

Doesn't mean he will be wrong, I am definitely predicting 100k in 2022 as well, I am hoping that it will be a great year and that's how I will make some profit, but that doesn't change the fact that we may not have anything like that as well. In the end as a president of a nation you should always be careful on what you are saying, doesn't mean that you will have to be proper but at the very least you should be careful.

Any higher end prediction about bitcoin will become true one day as bitcoin is going to remain bullish in long term which means you can blindly speculated anything about bitcoin without mentioning about the time frame then that would become true one day. This is like betting on the potential of bitcoin but due to deflationary characteristics, your bets will be winning easily.

Bitcoin was supposed to be testing the $100k by end of 2021 but covid19's negative consequences must be one of the reason which influenced the slow down in the growth of bitcoin. But, you can watch high level of hype is still remaining about bitcoin which is going to the driving force to take bitcoin to $100k regions very soon. 

It shouldn't be a joke at all, after all it is not as if bitcoin was at a distance in which it was impossible to reach that price, however we do not know if that price will be reached during this year either, I think there is a possibility this is the case but it is no a sure thing, however if we were to avoid to give such a short time frame for bitcoin to reach that price then I think it is a given that bitcoin will eventually reach it, as it is impossible to stop bitcoin now and the state of the economy will allow bitcoin to grow even more during the next years.

Right indeed. We know bitcoin has huge potentials to increase its value even more and i think everyone had witnessed how bitcoin had made such progress from $3k until it reaches the present price. So for me, its not really surprising if we will end this year at a $100k price level, or bitcoin could even hit a higher price than that. I think Bukele predicted this price not just out of thin air, but definitely more from its well researched made.

I think some good analysts have already predicted for bitcoin to reach $100k by 2021 but things  have went wrong last year and Omicron also started to appear at the last quarter so definitely, the year end was not really positive for bitcoin.

But we are now in 2022 and high predictions for bitcoin are about to be realized soon. Bukele is just right at his prediction, $100k is very possible for bitcoin especially that we are looking forward for a bull run this year. So just relax and enjoy the ride, soon we will see bitcoin skyrocket again and goes to the moon.

Only those who didn't hold bitcoin or were holding some shitcoin where making joke about it. I doubt anyone who uses bitcoin would make fun of any prediction (unless it some sort of absurd prediction). True the $100k prediction was a little too much. We already reached the ATH like twice last year. And it's better this way. Slow and steady rise is in fact a sign of an healthy market. Pretty much sure if the price did reach $100k, we would have seen a massive dump/sell off, cause the price to fall drastically. We may or may not reach $100k within this year, but I do have a feeling it's going to be a good year for crypto currencies.

Did anyone really anticipate that Bitcoin could reach that 60k+ ish price of each coin? No one ever anticipated nor expect for it to happen which did really surprise out people or the entire community.
We do have our own perceptions and views towards crypto specially bitcoin and if the president of El salvador do claims out that it could reach up 100k then let it be and make predictions on your own.
Nothing is assured when it comes to future but this cant be called speculative market if it was predictable on the first place.

I didnt expect it directly in that year but some did say BTC could reach these higher prices on a longer term view.   The trigger would seem to be the massive amount of money printing that occurred in 2020, as that circulated it allowed BTC to rise end of that year into 2021.   The biggest rises do take time, that why I think people were rushing too much in their expectations for an exact date to follow directly after what was already exceptional rises.   
  It might take this whole year, maybe the next to develop and give hope of another bigger rise like we have seen.  Its best not to rely on such things occurring when wanted, I do wonder if El Salvador suffers if price lingers lower for months on end or its no problem.

No, I don't agree. He's a president. He may have a bigger say on politics but not on Bitcoin price prediction. He may have a bigger say on how things in government are ran smoothly but not in how chart patterns are looking. He's not a trader, not a technical analyst, etc. On this note, experts who are making posts in Wall Observer or Speculation in this forum are better than him and have bigger say in price predictions. And also, he's not on his own. Somebody must be advising him.

supporting this mate, because i believe that the next cycle of Halving will bring different from the movement of crypto market.
and seeking for 6 digits this year is far from happening though this is my personal belief.

maybe the 3-4 years time is what we need to make the value of bitcoin finally take that 100k and above .

Though i Know that the president is just pushing Bitcoin because this will favor them if boosted and reached so much high value yet Words like this sounds encouragement to many people that might still hindering themselves from investing , or others are still in deep thinking if will add investments.
If the president itself is positive then what more His people in that specific country?
I will support that message even though i find it exaggerating.

They will see what will happen to bitcoin later, especially when the price starts to increase step by step and finally, the price reaches $100k.
They will realize that bitcoin is not weak as they thought and once the price is back to the last ATH and even make a new ATH, they will realize that they are too late to join in bitcoin.
At that time, they will not make a jest to bitcoin instead will figure out how they will start to use bitcoin.
Bitcoin in 2022 still have the mystery as we do not know for sure if the price will increase to the last ATH or it will stay like the current price or it will go down.
Only by following the progress, you will know what will happen to bitcoin.

50k started off as a joke when it was predicted by some bitcoin enthusiast when the price was only at 1k at most and who would have guess it even surpass it.

Yes it was joke before but those what other think about as a joke became reality that's why we should consider those to happen since bitcoin already near to that on his bullish season and we might get surprise in future that this will be reach and for sure those people who's lucky to have long patience will be lucky again if this case will happen. But for now since market is not doing what we like to see then its good for us to do short or at least do something extra things to earn.

I think we are paying too much attention to El Salvador president prediction. So far Nayib Bukele is not the most influence person in cryptocurrency industry to take his predictions so seriously. Yes El Salvador were first to admin Bitcoin as a legal payment asset. But Bukele was not the only person to make such a decision. He was among a bunch of people to add Bitcoin in countries legislation. So far he is just tweeting about Bitcoin, and acting like Elon Musk. But he does not have such a huge background of success like Elon, to take his predictions really seriously.

For me, i don't see it exaggerating or even a joke because i believe that bitcoin is really capable to reach $100k maybe at the end of this year. Although this will remain a prediction until its already happening, but come to think of it? $100k was just the last year's prediction for bitcoin but when the market suddenly faces a correction, the market starts to move in a downward trend, and did not realize reaching $100k. But since it did not happened last year, so maybe it has a good chance to make it real this year. Maybe we just have to take a break, and when the market is stable, then i think bitcoin will move again upward as its always bound to reach another heights.

Until the beginning of 2022, bitcoin is still experiencing a very sharp price correction. Even so, I still see in 2022 bitcoin will be bullish again. However, I don't expect bitcoin to reach more than $70,000 by 2022. Therefore, it seems that a $100,000 price target in 2022 is unlikely to happen.

The president of El Salvador is a die hard Bitcoin maximalist(for some reason).
I don't know who or what had such a great impact on Bukele's vision about Bitcoin.
Anyway,a 100K USD prediction isn't a joke.In the middle of 2020,the Bitcoin price was around 10-13K USD and predictions about the price hitting 30-40K or 50-60K USD were considered a joke.Bitcoin hit a new ATH at 69K,proving that many people were wrong.
I'm not the biggest optimist about Bitcoin "hitting the moon",but 100K USD is totally achievable and the price will definitely reach that historical level,sooner or later.I think that the 100K USD peak will the surpassed somewhere around 2023 or 2024.

Two possibilities may or may not Bitcoin price heading to the level of $ 100k, I mean like this.
First things first, if the president of Elsavador adopted half of the current Bitcoin, as Elon did, it would likely be as high as $100k.

Second thing, if the president of Elsavador can't afford to buy half of the current supply of Bitcoins, to reach $100k, it's rather doubtful.
That's my opinion from what the president of Elsavador said.

Again, he is obviously wanted to shill for bitcoin and push the price, the question is how much they he really buy it? Are the government now on the positive side since the price is sliding down? As for $100k, let's face it, the price is not going nowhere that 6 digits because we are not entering a bearish trend. Although this is just the start of the month, but we definitely sense what the sentiments of the investors right now. That is to just stay away from investing before they see some semblance of the price moving in a positive direction.

We may not expect but we can still hope to increase and reach more than $70,000 in 2022. There are many possibilities for bitcoin to start rising and back to the high price, but it will not happen if there is not much good news about bitcoin because people will not see how strong bitcoin is. But hopefully, from this month and next months, we will see a good movement from bitcoin and that can be a time for bitcoin to start increasing again.

Predictions can change with what happens, such as the latest news, namely Omicron or other news, and most likely affect the prediction to be inaccurate and if there is no negative news I am optimistic that 100K will definitely happen by the end of 2021.
must be wise in responding to a prediction and linking the news that occurs, and what we must realize is that news greatly affects the movement of bitcoin.
and Bukele is not a person like us and he is a president whose way of thinking and thinking is not the same as ours, even though he doesn't have any expertise on bitcoin I think his prediction 100k is a reasonable price and there is a possibility it will happen in the near future, except Bukele predicting bitcoin will hit $1 million by 2022, that's a joke.

For some reason? Dude bitcoin has at least doubled its price every single year aside from 2018, how could you NOT be bitcoin maximalist? Just as you said, what we reached as ATH is a price that people would joked about if you told them earlier, and now we are talking about something serious and how it could actually happen. I am feeling like there is a good chance 100k could be hit this year, not because it is a big number, but because it is a realistic number.

If we were to talk about how we would reach some unrealistic and big number, I would have said something like 500k for this year. Not that it is impossible neither, we did x10 in the year from march 2020 to April 2021, so having another 10x is not really impossible for bitcoin. However, I am staying away from that and saying a simple 100k, which is nearly 2x and doing a 2x in a year is something very simple for bitcoin.

Or we have done 2x from December 2017 to now!
This would mean we'll be reaching 100k somewhere in 2027, or if we consider the net growth of 20k per year, we would be reaching it in about 2034. At the same time, simply sliding the bars a few months we get a decrease of 66% in the above timelines. Moving the timeline from July 2019 to October 2019 we have a doubling in price in 3 months that would mean by the end of this year we would be at around 2 million, or if we consider the actual $ growth, 200k by the end of 2022.

The point is that you have chosen a random starting point and decided to draw your lines from there, and predict that's the pattern it will follow. Why? Simpy cause you want that to happen, right?

Well, we all want that to happen, but that doesn't mean it will also happen for sure.
Just before I was commenting on a topic that quoted a guy claiming that every first week of the new year we have an increase in price...look how this turned out!

Rather than focusing on the past and the actions that triggered such with you have to look and see what in the near future could trigger an exponential rise on a magnitude higher than what we had, and the only thing right now on the horizon that you can bet on is the possible success of this bond sale, all the others are speculations, and speculations don't bring much to the table.



When did Elon buy 10 million BTC ?
Second, how could Salvador, a country with a total GDP of 24 billion a year buy 10 million coins worth 420 billion?

Everyone has the right to express their point of view. Unfortunately, Naib Bukele is not Elon Musk. Naib Bukele's words did not have the same effect. Rather, on the contrary, the price of bitcoin has dropped dramatically over several days of the new year.
No one can know if bitcoin will reach a price of one hundred thousand dollars and when it will. Bukele's words should be taken simply as a New Year's wish.

The problem with Nayib Bukele the El Salvador president is that he is banking everything on BTCitcoin expecting that he could overcome the financial issues his country is facing, but what he does not understand is that, what happens when the market goes for a toss and anyone who invested in BTCitcoin because their president made it legal looses their life savings, i am curious to see how he is going to overcome that situation and what explanation he is going to give.

He can have his opinion but as a president he cannot give out these highly optimistic narrative to his citizen which he does not have any control over the market and has no idea how the market moves.

I got the picture but it's should be up for people whether they will buy any prediction or not. I'm expecting that since crypto, specifically bitcoin, is highly recognized in that country, being the first one to accept it to be used in exchange for goods and services, at least the majority of their citizens should already know the drill.

A $100,000 target should always be considered as a pure prediction and speculation, not a thing that will happen accurately or exactly on a given date or year. There should be no crybabies if that price didn't achieve last year as I don't see any reason why some people should end up like that.

Predictions and information are quite distinct from each other yet not that far away in certain circumstances neither. Like saying 100k will happen is not information it is prediction but the reality is that we will have 100k for sure, just don't know when, maybe this year, maybe in 2030 but I definitely agree that it will happen.

The difference is that if you say it will happen this year, that's pure speculation, if you say "eventually" it will happen then it is not really like a prediction, it will definitely happen in that case.

This is why I honestly believe that president is right, it will happen and all we need to do is wait, maybe he expects sooner than the reality but it will eventually happen. Putting a lot of money from the treasury into bitcoin also seems like a smart move considering they are not in a hurry to cash out and could profit in the long run.

When they introduced BTCitcoin there were many against his views and there were several strikes that took place as far as i remember. You cannot expect the entire country to know about the cryptocurrency market even though they have heard about it. My point is the poorest of the poor or the middle class who store their savings in a government official currency will suffer if there is a major correction.

If a normal person, make a prediction that will not have any implications because only people who are investing will take note of that and then make their decision whether to follow his prediction or not, but if a president of the country comes out with predictions like that, the common citizens who does not even know about the market, will invest expecting a huge return and might suffer if they invest at the wrong time.

I doubt the market moved at all due to his statements, after all while some figures have the power to move the markets on their own, like Elon, the more they use that power the more ineffective it becomes, so the current dip that we are seeing in the market of cryptocurrencies has nothing to do with him, and anyone expecting that somehow his statements alone will be enough to move the market are completely wrong about their expectations.

it may be joke today but who knows sooner or later, btc will indeed reach its 100k value. the difference is it was not achieved last year. but i strongly believe that we still have the chance to reach 100k in the near future.
just think of this example, way back in 2010 or in early days of btc, if someone predicted that btc will attain 50k value, what do you think will be the response of the community? so basically, it is the same. but he should have not said the date or time frame.

Why do people take the prediction seriously, where in the definition of prediction does it say that it has to be a fact? Pretty sure that it doesn't have that in the definition so I don't get why people are mad that it didn't reach that point which had been obvious that it won't when the bitcoin market was still red during Christmas. Hopefully, the people of El Salvador won't lose hope and hold on to the fact that bitcoin's going to go to 100k or even beyond that.

The crypto industry is a highly speculative one and as such I don't see predictions as an out of place thing with it. Whether predictions come to pass or not, I still don't see anything wrong with it. The El Salvadorian president was orgasmic when he made that prediction. We should talk about him in the light that his country has given full support to Bitcoin and not about his prediction. If only several countries will join in that line of Bitcoin adoption we wouldn't be talking of what failed and what didn't now.

This is even the one that worries me most in all that. I frankly hope the citizens don't revert.

The same will happen as did with expecting $10k it will hit it and due to momentum surpass it at an insane rate.
Expect $190k and a hard blow-off at the top... ;D

It's true that getting to 100K is not impossible, actually it's an easy thing to get but that won't be as soon as the president of El salvador hopes, I assume he's doing this price forecast because he bought a lot of bitcoin for the price of  $42000 and now he's at high losses unless the price goes up a lot, that's why he's trying to convince 100K people to buy a lot of people and the price goes up a lot and he's not at the loss anymore

It would surely be a bumpy ride but doesnt mean that it cant be reached out and we are just +30k away with that price and we know on Bitcoins potential isnt something that you could just ignore because this thing do continue to surprise us over the years that we are heading on.

Even though there would be no assurance about the future thats why its still a risk taking to be made whenever you do really trust up Bitcoin in future years to come.

I cant blame out El Salvadors President point of view about that price yet they had already made out big decisions on making btc as a legal tender which its understandable
that he would really be that optimistic.

And i think being optimistic despite of the continuous bearish market is the best thing to do so we can always be motivated to grab every chances to make profits that comes. And when bearish season will be over, predicting bitcoin to reach $100k will always be possible as bitcoin is bound to give us higher value in every year that comes. It may not happen this year, but definitely it will soon to happen by next year. So we have to keep our faith in bitcoin and continue to be patient as much as possible.

I was really surprised when he make it legal as a currency in his country .I think he didn't calculate everything on right way .However i didn't find any real source where he really has given a statement like this if it is true i think you were right on your thought .We all know that the president has bought huge amount of btc and he will surely expect that it will give him a good return .The recent situation are getting tough and he is in huge loss may be he could try to draw the investor eye to invest on it and he could exit from his position .However he might hold his asset until get a good return .Anything can be possible cause we can't certainly read his mind .We all know btc is a big asset for all of us we need to hold our asset until it reach a good level .I think Mr.President will not get panicked and i hope he will hold his valuable asset .

There is no doubt for Bitcoin for the people who know him, Bitcoin's journey from the past until now has represented a variety of conditions, predictions in 2021 will never be much different from 2022, where many people believe, Bitcoin will touch at the price you mentioned, Elsavador has predicted once more about Bitcoin prices, but whether this time it will succeed or not, it is very dependent on Bitcoin's journey in January, February and March ahead, but I believe in the next April Bitcoin will reach at the maximum price.

These type of people are the ones that keep talking about their profits when the price goes up. All the people who sell during this period and say "what if it goes even lower?" are the same people who keep saying "I wish I bought earlier" as well. If you are saying you wished you bought at 2009, or 2016, or 2019 then you are also the same person who will say you wish you bought at 2022 as well.

President is doing something right, not sure how big El Salvador can get with this, it is pretty obvious that they are not a wealthy nation and they are investing lesser than some big hedge funds in USA, so they can't even be compared to governments but at the end of the day it is still a good move and they will be the ones who enjoy the benefits when the price goes to 100k+, I am not saying "if" here, I am saying when it goes to 100k+ because sooner or later it will.

That's how it is free of people in making analysis in Crypto, even they try to influence people in these speculations, which in fact market conditions are different from what they convey, we understand that this is just a matter of how to get profits, but we cannot avoid it, but Not so sure of what they say, because the analysis itself is needed to start investment.

El Salvador is not a country that can make decisions to influence Crypto, in this case they are also the same as people usually, that means whatever they say, it does not fully be used as a source of reference, most importantly I think look at opportunities, trends and market movements on the path correct.

But the crypto space has that freedom, nothing can facilitate people from doing analysis and then revealing it in the public sphere, the problem is that beginners must have their own knowledge in investing, following people's speculations will never make them successful, we can't ignore El Salvador, even though they have little influence on the crypto journey in general Bitcoin in particular, the most important thing in my opinion is caution and foresight in seeing opportunities, so that we are ready in any condition.

Probably the only ones that think of this as a joke are the ones that do not really understand the potential of bitcoin, how long ago people thought that reaching 1000, 10000, 20000, 50000 was impossible? And yet bitcoin reached those milestones, so I do not see how bitcoin reaching 100000 should be something that could be considered it a joke, maybe it wont happen this year but at some point in the future it will definitely happen, silencing once again the critics of bitcoin that want it to fail just because bitcoin goes against their self-interests.

People will always be against governments getting involved but this is not really a bad one. We have a nation with a president who thinks that bitcoin will be a high priced thing in the near future. Why would that be bad and why would you say anything bad about this president? I do not know him, maybe he is a terrible president to his nation and that is why he is not liked, but the crypto part of him so far has been good for us.

We need people like him to promote crypto constantly, people with power, people with money, so that we could be doing a lot better in the long run. I hope that many other presidents would take crypto and make it a legal tender and hope that it will be 100k+, that will help us out a lot.

The ones who do made out criticisms are the ones who do hate up bitcoin or crypto as a whole but as a crypto supporter then you would really see these things to be great.
Recognition and adoption is one of the most important things on why we would really progress out in terms of it. $100k might be a joke on some but considering its
previous or recent ATH then we are almost there and 30k+ price isnt really that much too far off. We do have our own points on calling for possible price
even though its all prediction and i dont see anything bad about it.

I guess we really need to be honest, right now $100,000 is out of the picture.

But for sure, we are going to hit that price, maybe in the next post halving, that price will be within that range because we are going to see a bull run by that time.

For sure who are perma-bears, sure they won't like to see the price going into 6 digits, but Bitcoin is so resilient and we have survived many test in the past already. They won't stop the Bitcoin market from achieving that 6 digit goal in the future.

I do not take any such prediction as a joke or pay attention. But the fact is $100k isn't an impossible mark for bitcoin however, it might take sometime either in 2022 or 2023 but it's possible.

Not everything is forced by personal abilities in the crypto space, because actually people here are free to conduct studies and speculations, and in my opinion beginners also don't fully accept the information and then apply it in practice, interestingly the current crypto condition, many countries are getting interested in getting involved in investment or anything else, so let that freedom be born by itself, the focus and way of seeing opportunities must be in each individual.

The journey of bitcoin in 2021 we have passed, even the correction and pumping phase we have seen in the market for bitcoin, the achievement of new ATH in that year has occurred twice, although after that bitcoin corrected until now, I do not see the prediction by President Elsavador Nayib Bukele as a reference, that in the future bitcoin will be at the highest price, but a natural process will happen by itself going forward for bitcoin, so the highest value depends on the recovery phase in the next month.

Sometimes I wonder what those permabears are thinking, after all if we take the time to see at the characteristics of bitcoin and its development it is obvious that bitcoin will always have some value, even if bitcoin fails to become a world currency there will always be people interested in using a decentralized network in which they can exchange value all over the world, so it makes no sense to think that bitcoin will someday disappear or that its value is zero as all the permabears think.

OP, we can never be cowards just because we expect bitcoin to hit $100K one day. Bitcoin failed to hit record highs (as expected) by the end of 2021 but we are already feeling ATH in November. I can't expect a big increase in 2022 especially regarding the price because currently bitcoin has been experiencing a correction since ATH. See what happens, I won't speculate much about it and will just enjoy how it develops. I just don't want bitcoin to drop to the $30K level again this year.

While one can predict through their analysis, expect something bigger to happen to bitcoin and the market to grow. This is very reasonable to be used as a reason for support and optimism for the development of bitcoin. We are the ones who managed to bring bitcoin to success since it was introduced by satoshi. While you and many others may not be able to enjoy the adoption of bitcoin as a real means of payment in your country, but you and we have supported it by using, investing and trading it.

It's just a wild prediction and nothing serious even if it comes from the President of the US itself or whoever huge people that may wanted to try. Yeah, he's somewhat the face of Bitcoin for a country that adopts it but we may opt not to follow his lead just because he said it will hit. It may or may not hit but one thing is for sure we will never know when will it comes.

No one knows what will happen this 2022 for Bitcoin since all of this just speculation but there's nothing wrong as well being hopeful.

Point is does it help them out alot.  BTC does show up as useful in countries where they have failed national currency but has it yet reached the point where its the best choice on a national level vs all the alternatives.   Its working well in countries ironically where the alternatives are banned, the government deliberately making their population poorer with a horrible currency standard using inflation as tax.  Thats not an unusual scenario and BTC does help but Im not sure yet if its ready to take over for a country wide circulation of currency; it would be better not to presume then try and fail just yet.
   El Salvador just made it an option which seems fair enough, I just think the utility, capability, etc. is probably more important to success.

https://cryptopotato.com/rio-de-janeiros-mayor-to-invest-1-of-the-citys-treasury-in-bitcoin/

I agree with what you said, that there is no attachment for bitcoin with anyone in crypto, the current bitcoin journey is the result of the development they are doing, while other effects are bonuses that they have developed from before, anyone can not control bitcoin completely, Moreover, the involvement of the state is getting bigger and the legalization is a big step taken by the country, to make bitcoin a medium of exchange in its country.

Nayib is a president, so he tries to calm the hearts of people who already believe in him...

it is not easy to accept pressure from others when we ourselves know that nayib shouted very loudly the price of bitcoin will go to $100k before 2021 ends. now 2022 has been running for a few days and I'm sure in 2022 bitcoin will create a new ATH again, I have no doubts about it.

The dimino effect you mention is a dividend for countries that have started legalizing bitcoin, but can you guarantee that this will be an investment for that country, even though we know that crypto investment is not currently possible for all countries to do, because of the many negative values that are generated, I I think to achieve a new ATH, it won't have much effect on legalizing bitcoin in certain countries, but if in the future bitcoin becomes a medium of exchange for some countries, it is very possible to happen.

This is were the real test for bitcoin will actually happen, we already know that  bitcoin is a great investment and I think we can safely declare that bitcoin is a good store of value despite its volatility, however can bitcoin perform the function of a currency and be used on the everyday lives of the people? That is what we want to find out, but I think we will have many opportunities to see if this will work as there are several countries willing to make bitcoin a legal tender just as El Salvador already did.

Adding on, and I'm pretty sure together with el savador what he predicts will come true.. may we all be happy.

Many thought that bitcoin will not reach at its last ATH so its clearly says that any prediction was been made might came true and imagine we are almost unto that figures if market didn't collapsed so maybe we need to wait some time before things flip up and possibly we can reach that far. And I don't treat those prediction as a joke since it could possibly happen.

Have to agree with you, we shouldn't take them as a joke but at the same time don't take them at face value because you don't really want to get your hopes up and end up with you having to get frustrated that it didn't come to this point. There's a big possiblity that it's going to happen this year but as I've said before, don't get our hopes up that we will get it this year.

Judging from last year's experiences and accompanied by analysis, I see a 4 year cycle of bitcoin, for the year bitcoin price will experience bearish and to reach 100k I think it's very difficult.

The last ATH of bitcoin is less than 100k and it is more achievable but I do not know why most of them did not believe that it will hit  again. They think that it was high enough? Or maybe they are not a solid bitcoiner like many people here, they do not know the potential of bitcoin and what it can do to the people or the country that accepts it.

If only btc did not collapsed, we are now enjoying the 100k but that is how the process goes, there are ups and there are downs. The predictions of Salvatorians is not a joke, btc is already a legal tender on their country and they know better than the rest of us.

Do you think that bitcoin will reach 100,000$ after the next halving or in the next bull run after halving? Anyone who think this should realize that times have changed since the 2017 bull market. We may not see a classic bull and bear market.
Also the $100,000 Bitcoin price is not a joke and someday you will see bitcoin over this price.

El Salvador must be quaking in its boots right now.

I think that even though buying BTC was a great idea, they shouldn't have went in so heavily so quickly.

When the music stops, they will be left with a difficult proposition of holding a bag with public funded money and an average buy price of around $40-50k. Definitely not the position you want to be in as the president.

Im actually mind on whats on the mind of El Salvadors president as of this moment on where the price is really declining and considering  their buying point then you would surely freak out
on what would be the things you would need to do into these declining market and to think off that this had been the risks that we've been talking on the time that they are still
making out some decision whether they would make it as a legal tender or not and now they are indeed facing that risks or problem.

I would say that his prediction for bitcoin to reach $100k will never be a joke because that is really the target of bitcoin but as bearish season comes, prices are bound to decline but that won't stay for long. Eventually, the market will recover soon and we will see bitcoin dominates the market again and starts to skyrocket again. And when it happens, altcoins too will be in good position as they follow the path of bitcoin.

That bull season can't come soon enough. There are so many people who sold to make the price be this low, and there are new people everyday who are selling, look at the volume and look at the sellers and you will see that there are so many people still selling everyday and I am afraid it will eventually drop the price as well.

I do not get why people do it this way, it should be a lot better and we should be doing fine right now and everyone should be wanting to buy right now since it is cheap. However, there are too many people who end up selling instead of buying at this price which is the main reason why I do not like the current situation. Lets see how it will do, maybe I am wrong and people will eventually buy soon enough, but it feels like it is going to take a while before we see people start buying in bulk again and causing a price increase.

What the president of salvador predicts is a form of his belief in the future of bitcoin, for those who don't like bitcoin or people who are against the president of salvador it may be a joke, but for those who are aware of the development and benefits of bitcoin in the future will certainly agree with what the president of salvador said, something that is now quite valuable, didn't it all start with a belief that was considered a joke in the past by people who could not accept the times?

Depending on how long this downtrend lasts will largely determine $100k being realistic.  One thing I can tell you is I wouldn't listen to a certain political figure and take it as gospel.  I think we goes sideways and down for awhile here.  Gonna be painful through the next halving.  Reason being is I feel like economically things are globally going to get way worse and people tend to pull "invesents" out to cover shortcomings elsewhere.  Truth be told no one knows for sure so just make sure you are in it to win it ! Lol

Maybe a lot of people are selling in panic mode. But we can't tell their reasons why. But the market is slowly going up again. $100k may not be seen right now but that level I believe, is very possible to happen in the near future. It didn't happen last year but that price target is not hard to attain. As people and more organizations are coming into this market, the possibility of increasing the value is very high. In the end, Bukele will have the last laugh if that will finally happen because it means, their stash will grow a lot in value.

I see the predictions of the president of el savador as something reasonable, meaning that predictions can be wrong and right. the president of el savador is not the only one who says bitcoin price will reach $100k because so many people predict bitcoin price will reach $100k.
Bitcoin price movements in 2022 are in accordance with my previous prediction that in early 2022 the bitcoin price will enter a bearish phase because towards the end of 2021 the bitcoin price has shown signs of entering a bearish phase. maybe the price will recover in the middle of the year or towards the end of the year.

I think the bitcoin price target of hitting $100,000 by 2022 is hard to come by. Bitcoin opened the new year with price action which is still correcting where the bitcoin price is still holding at the $42k level. But the bullish hope for bitcoin this year is still there even if it won't reach $100k, but I think if bitcoin is bullish again, then the price will probably only reach no more than $70k this year.

Last year's unfulfilled target of breaking through $100K may or may not be met, it's still hard to predict.
but if we look at bitcoin today it looks the same as it did last year, this is certainly very good news. we hope that last year's events can happen this year and realistically anything can happen, but maybe the price is not what last year's predictions and I agree maybe the $70K you say is very realistic to achieve.
we certainly hope that bitcoin will find itself again soon to rise.