Over the next 12 months, the price of bitcoin will rise to $100,000 if the pace of its institutional adoption accelerates. This forecast was made on Twitter at the end of last week by Messari CEO Ryan Selkis.
Over the weekend, BTC reached $27,738, but on Monday the rate corrected below $27,000. Selkis stressed that the dollar has been weakening in recent days, and more and more investors are considering digital currency as the safest instrument.
Large companies like MicroStrategy have already realized the gigantic benefits of Bitcoin and have begun to increase investment in it.
According to the CEO of Messari, in the face of macroeconomic uncertainty and increased inflationary risks associated with the inclusion of a printing press and the issuance of paper money, the attractiveness of bitcoin will increase.
At the same time, Ryan Selkis recalled that the digital currency is highly dependent on the shares of IT companies. Therefore, it should be considered at this stage as a speculative and risky instrument, the credibility of which will be strengthened in the long term.