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The Bitcoin IRA, a retirement company that allows investors to save for bitcoin and Ethereum, completed a survey that showed that one in three people believes Bitcoin will hit six figures in 2022.
Bitcoin has come a long way in its 12 years of existence. It hasn’t been an easy journey considering BTC is one of the most volatile assets. As a result of its high volatility, many companies refuse to accept it as a payment method. However, Bitcoin has come quite far, especially in the past two years. For example, the coronavirus pandemic has forced people to look at fiat currency in a whole new light. Since governments around the world print paper money as if it were toilet paper, inflation in many countries has reached record levels and many people now view Bitcoin as a kind of hedging tool.
Bitcoin hit several new all-time highs in 2021, the most recent being in November. BTC has surged to about $ 68,000 per unit, although it is trading about $ 21,000 less at time of publication, which means the currency still has a way to go before it becomes stable enough for economic purposes.
However, many people believe in the power of BTC. The Bitcoin IRA recorded that roughly one in three participants in a recent poll believed that the price of BTC would hit $ 100,000 by the end of 2022. More than 14 percent of these participants also believe that the currency could rise to $ 150,000.
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