It should be noted that the prospects of Bitcoin growth to the coveted $100,000 is not a new version. It was voiced back in the summer by Bloomberg commodities analyst Mike McGlone. At that time, he said that BTC would only need to repeat the success of Efirium over the past year to achieve this goal.

Also, a cryptocurrency spokesman under the pseudonym Plan B insisted on a version of such growth. He claimed that the cryptocurrency will indeed rise in price to “a hundred” due to ever-decreasing supply of BTC on exchanges, and that it will supposedly do so by the end of 2021. As we can see, this prediction has completely failed.

Bitcoin growth forecast by PlanB

Bitcoin and the rest of the coins have now clearly survived the market bottom, which was recorded in December 2021. As such, experts have once again started talking about the prospect of significant growth in coins. And they now seem much more logical.

What will happen to Bitcoin

The year 2022 has not started out as well for Bitcoin as many investors would like: the main cryptocurrency is still hovering around $46,000, and the Fear and Greed Index shows serious uncertainty among market players about the bull run’s continuation. Specifically, the index now stands at 24 points out of 100, indicating “extreme fear” among Bitcoin investors. In other words, they are in no hurry to invest in BTC because they are unsure of what is happening within the cryptocurrency market.

The current state of the Fear and Greed Index

Nevertheless, Trenchev is in no hurry to back down from his point of view. Here is one of his quotes in a recent statement to CNBC, published in Cointelegraph.

Every time investors and the wider community write off Bitcoin, it rises in value significantly. This was the case in 2020, when it rose nearly 1,000 per cent, and in 2021, when its price rose 63 per cent. I’m pretty optimistic about the cryptocurrency’s future.

Note that Bitcoin's growth in 2020 has actually been more impressive - especially if you consider its start since the market collapsed in March amid panic over the spread of the coronavirus. And while BTC set historic highs more than once in 2021, it has generally increased in value from its bottom by little more than half.

Nexo cryptocurrency co-founder Anthony Trenchev

The main prerequisites for the growth of BTC, according to Trenchev, will be “cheap money” due to high inflation and massive purchases of bitcoins by large institutional investors, i.e. professionals. Recall that of the latter the most recognizable brand is MicroStrategy, which in late December announced another investment of almost $100 million in BTC.

Read also: Which cryptocurrency has become the most discussed in 2021?

In addition to predictions about Bitcoin’s growth, many crypto-enthusiasts don’t forget about the landmark date celebrated on January 3: recall that it was on this day 13 years ago that the blockchain of the main cryptocurrency was launched by its anonymous creator Satoshi Nakamoto. One “cryptokit” decided to mark the occasion by buying 456 BTC at an average price of $46,363. Thus, he spent almost $21 million on this investment.

Screenshot of the transaction with the purchase of 456 BTC

At the time of writing, the investor has 120,845 BTC worth about $5.6 billion in his wallet. The funny thing is that the identity or at least pseudonym of this investor is unknown. However, it is clear that the wallet does not belong to a major exchange or cryptocurrency company, meaning that it is most likely owned by a single person.


We believe that Trenchev's prediction does not have to come true, as the market is behaving exactly as it thinks it should. Accordingly, it should only be treated as a possible version, which may well fail.

Despite this, the expert's arguments seem logical in any case. Massive money printing around the world will continue to affect inflation, and citizens around the world will have good reason to think about how to secure the investment value of their portfolios. And with Bitcoin setting new market peaks of $64,000 and $69,000 at least twice in the same year 2021, many may indeed opt for the cryptocurrency. Especially since its maximum supply is limited and governments can't accelerate the pace of new BTC issuance.


For more interesting information on the crypto market, check out our Millionaire Crypto Chat. There we will talk about other topics related to the blockchain and decentralisation industry.