Good news for BTC: “Bitcoin still has a strong chance of reaching $ 220,000 in 2022,” according to podcaster Max Keizer





Max Keizer, bitcoin advocate and podcaster of crypto-currency, said bitcoin (BTC) could still hit the $ 220,000 mark in 2022, despite the recent selloff seen in the cryptocurrency sphere.

The cryptocurrency advocate tweeted such a prediction several times earlier this year. He goes on to say that limited supply of BTC still plays a pivotal role in helping keep the bullish mood for the world’s largest cryptocurrency by market cap.

In fact, only 21 million coins can be mined and the way BTC is programmed does not allow for further expansion. At press time, over 18 million bitcoins have been mined, but it will take several years to mine the remaining three million.

Furthermore, Keizer previously stated that the strong growth in the bitcoin price will be preceded by a massive growth in the bitcoin hash rate. So far, bitcoin is trading at $ 20,733, up 0.88% over the day.

Comments by Bukele and Schiff on the Sell-Off

Commenting on the drop in the price of bitcoin, Nayib Bukele, president of El Salvador, posted a brief comment via Twitter: “I see that some people are worried or anxious about the market price of bitcoin. My advice: stop staring at the chart and enjoy life. Read also: Crypto Coach: How to Buy Cryptocurrencies Using Robinhood. If you have invested in BTC, your investment is safe and its value will increase immensely after the bear market. Patience is the key. “

Peter Schiff, a crypto-skeptic, responded to Bukele’s tweet with the following comment: “This advice is as bad as your advice to buy the top. How can you say that a bitcoin investment is ‘safe’ when it has already lost 75% of its market value? You have no idea how much the price will fall during this bear market, or if the price will ever return to current levels. “

Today, bitcoin is down nearly 72% from its all-time high, while the cryptocurrency’s market cap fell below $ 900 billion on Saturday.

Max Keizer, a bitcoin advocate and cryptocurrency podcaster, said bitcoin (BTC) could still hit the $ 220,000 mark in 2022, despite the recent selloff seen in the cryptocurrency sphere.

The cryptocurrency advocate tweeted such a prediction several times earlier this year. He goes on to say that limited supply of BTC still plays a pivotal role in helping keep the bullish mood for the world’s largest cryptocurrency by market cap.

In fact, only 21 million coins can be mined and the way BTC is programmed does not allow for further expansion. At press time, over 18 million bitcoins have been mined, but it will take several years to mine the remaining three million.

Furthermore, Keizer previously stated that the strong growth in the bitcoin price will be preceded by a massive growth in the bitcoin hash rate. So far, bitcoin is trading at $ 20,733, up 0.88% over the day.

Comments by Bukele and Schiff on the Sell-Off

Commenting on the drop in the price of bitcoin, Nayib Bukele, president of El Salvador, posted a brief comment via Twitter: “I see that some people are worried or anxious about the market price of bitcoin. My advice: stop staring at the chart and enjoy life. Read also: Crypto Tumble: Bitcoin dips below $ 26,000 and the broader market continues to drop. If you have invested in BTC, your investment is safe and its value will increase immensely after the bear market. Patience is the key. “

Peter Schiff, a crypto-skeptic, responded to Bukele’s tweet with the following comment: “This advice is as bad as your advice to buy the top. How can you say that a bitcoin investment is ‘safe’ when it has already lost 75% of its market value? You have no idea how much the price will fall during this bear market, or if the price will ever return to current levels. “

Today, bitcoin is down nearly 72% from its all-time high, while the cryptocurrency’s market cap fell below $ 900 billion on Saturday.

Tommaso Estimbre
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