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

[Greatest2020]

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?

[Akash1243]

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.

[Leviathan.007]

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.

[Vaskiy]

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.

[acroman08]

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?

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.

[Woodie]

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!!

[batang_bitcoin]

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.

[hd49728]

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.

[hyudien]

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?

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.

[BIT-BENDER]

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?

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

[Ararbermas]

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..

[hatshepsut93]

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.

[freedomgo]

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.

[Slow death]

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

[kawetsriyanto]

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

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. 

[mynonce]

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

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.

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

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/



Twitter Nayib Bukele @nayibbukele
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

[kawetsriyanto]

~

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

~2 more countries will adopt it as legal tender~

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.

[STT]

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.

[sheenshane]

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 BTC long term has shown.

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.

[Fundamentals Of]

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.