The calls for $100K Bitcoin are getting louder. It seems some of the TA people believe that we are gearing up for a run into year end. This makes sense the longer the consolidation range is held.
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It is the best time to write an article on this topic:
This is the year of DeFi and NFTs. Bitcoin should touch $100k by the year end or maybe in January 2022. But it's coming!
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What will 2023 be?
I think NFTs really are just getting started. This is nothing compared to what it will be.
Much of what I see out there is hype and ready for a crash. There is going to be a lot of money lost.
However, the gaming NFTs stand a great chance of being successful because there is a use for them. Yes collectibles have value yet we have not had any really price discovery yet.
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That is true. It's essential for everyone to understand and know that only a few opportunities are worth getting into. Tread carefully.
100%. That is why they get sold the most on any open market. Ther is a platform called NFTfi, where you can get NFT collateralized loans. I even wrote a post about it. Put your NFT as collateral and get ETH or DAI as a loan. Fail to repay? Your NFT goes to the lender.
I think 2022 will be about more of such use cases around NFTs. NFTxDeFi and GameFi - bright future ahead. Would be very interesting to see what's next they come up with.
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I tend to believe that BTC won't go over $100k due to the money on the line in the futures market. After all, we see it a long in the stock market where the option sellers don't want to pay out.
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