Bitcoiner maxkeiser claims Bitcoin may still reach $220,000 in 2022. nayibbukele PeterSchiff
is likely to hit $220,000. Keiser believes that the high growth of the BTC price will be preceded by a massive growth of Bitcoin's hashrate.
On Jan. 2, the Bitcoin hashrate spiked to a historic high of 203.5 exahashes, while BTC was trading at the $47,000 level across centralized exchanges.Bitcoin Critic Peter Schiff Says There Are No Signs of Bear Market Bottom NowNayib Bukele, president of El Salvador—the first state to adopt Bitcoin, which it did last year—tweeted to comment on the current Bitcoin plunge.
In his tweet, he insisted that for those who bought the global flagship digital currency before the price began to plummet, their investment is safe and it will grow in price immensely once the bear market is over. It is important to be patient here, he stated. Prominent economist and investor Peter Schiff disagreed with Bukele, reminding him that Bitcoin's value has already plunged by 75%, also suggesting that nobody knows if the market will ever recapture the levels it has lost during this market carnage.is"safe' when it has already lost 75% of its market value? You have no idea how low the price will fall during this bear market, or that the price will ever recover to current levels.
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