Elsavador President Predicting $100,000 Bitcoin price looks like another joke

[rodskee]

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.

[traderethereum]

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.

[chichidori]

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.

[ultrloa]

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.

[bakasabo]

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.

[Kasabus]

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.

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.

[Epaper]

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.

[davis196]

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.

[Frengki_cisco]

What do you guys think of BTC in 2022?

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.

[btc_angela]

What do you guys think of BTC in 2022?

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.

[michellee]

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.

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.

[bitzizzix]

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.

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.  

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.

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.

[justdimin]

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.

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.

[stompix]

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.

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.

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.

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?

[Argoo]

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.

[eaLiTy]

There was always a reason why EL SALVADOR president predict that BTC will hit 100k$ maybe he believe on it, we are all free to predict and believe and I think Bitcoin will surely hit 100k$ soon the only problem is we don't know the exact date of hitting 100k$ but there is a possibility so have patience and goodluck.

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.

[harizen]

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.

[jostorres]

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.

[eaLiTy]

~
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.

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.

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.

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.

[Silberman]

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.

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.