It should be noted that the goal of $100,000 for Bitcoin has not been announced for the first time. In particular, in December 2021, analysts at Bloomberg Intelligence set exactly such a target for the first cryptocurrency. They also predicted that gold would rise to $2,000, and that prediction has already worked.

Here is a graph of the value of gold against the dollar.

The graph of the value of gold against the dollar over the year

At the same time, experts are confident in the further growth of Bitcoin. However, a representative of Bibull Capital gives a bit more time for the 100 thousand mark.

What will happen to the Bitcoin exchange rate?

Just under 24 months is how long Bitcoin has to reach the main target in the fund CEO’s forecast. Here’s his quote from an interview with news outlet Cointelegraph, in which he shares his view of what’s going on.

I think betting on 2023 is pretty safe. The market may need a little pause in 2022 to slow down and “blow off some steam”. The extremum points on the Bitcoin chart are gradually getting higher.


The expert notes that even in the current environment, BTC is reaching "a higher bottom and sometimes a higher ceiling". What he means is that even despite the falls, Bitcoin is not falling below the levels seen in previous collapses. For example, the low in 2022 was $32,917, which was recorded on January 24. At the same time, Bitcoin collapsed as low as $28,805 in the summer of June 2021. Accordingly, this time, the first cryptocurrency collapsed to a markedly higher figure.

Bitcoin daily rate chart

As a reminder, after the start of the February events in Ukraine, the reaction of the Bitcoin price was not as sharp as one would expect. At first, the value of the main cryptocurrency fell slightly below $40,000, but then rebounded back up to $45,000. The coin is now trading at $39,230. In the past 24 hours, Bitcoin has fallen in value by almost 11 percent.

Bitcoin price in the last 30 days

DiPascale sees Bitcoin not as an alternative to gold in this tense global environment, but as a completely independent investment from the traditional financial system. The expert continues.

We should see Bitcoin not as digital gold, but as a currency that is not subject to the “whims” of a central bank and is strictly limited in its supply.

The full interview with the expert is available at the link below. We recommend reading it if you can understand English.

Efirium also received its share of attention from big investors this week. According to a new Securities and Exchange Commission (SEC) document, banking giant Goldman Sachs is offering its clients the option to invest in Ether via Galaxy Digital’s Ethereum Fund. Goldman Sachs customers wishing to participate in spot trading in ETH can tap the Galaxy fund.

As a reminder, Galaxy Digital is the cryptocurrency finance company of billionaire Mike Novogratz. As of the end of the fourth quarter of 2021, the company had more than $2.8 billion under management. It's not yet clear exactly how much ETH the bank's clients have bought, but the minimum investment amount per investor is $250,000. The publication also states that the Galaxy fund has seen sales of just over $50.5 million since its inception.

Goldman Sachs form with information about Galaxy Digital

Independent wealth management firm CAIS Capital was also listed in the filing as the recipient of a commission for referring its clients to the Galaxy Digital fund. The amount of Goldman’s entry fee and CAIS’ placement fee was not disclosed. It is also not the first time Goldman has partnered with Galaxy Digital. Last June, the bank began offering Bitcoin futures trading through CME Group Bitcoin Futures, and Galaxy Digital provided liquidity, i.e. the availability of assets to conduct trades.

Goldman Sachs executives and its managers are also increasingly interested in the crypto industry. As a reminder, on February 25, the bank’s chief executive Roger Bartlett announced that he was leaving the company and moving to a new position with cryptocurrency exchange Coinbase.


We believe that sooner or later Bitcoin will reach that target anyway, as cryptocurrencies are still at an early stage in their development. Therefore, as digital assets become more popular, the increase in the number of crypto investors will also have an impact on coin prices. However, determining timeframes for this is too unrewarding. Predicting anything is especially difficult in the current state of global uncertainty. Therefore, we recommend not treating an expert forecast as the only possible scenario.

What do you think about this? Share your opinion in our Millionaire Crypto Chat. There, we’ll discuss other details that affect the first coin’s exchange rate.