Ton Weiss: Bitcoin Will Reach $100K Next Year

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According to popular trader Ton Weiss, the price of Bitcoin will reach $100,000 next year against the backdrop of the upcoming halving.

He has also warned of the possibility of BTC falling to $14,000 ahead of a bull market.

According to Weiss, capital flows from Europe to the US and the syndrome of lost profits can become the engine of growth.

He has explained:

“They missed their chance to catch the low in 2018. This is another possibility. If Bitcoin ever drops below $10,000, investors will immediately take advantage of this.”

He has also noted the decentralization and resistance to censorship of BTC. According to Weiss, these characteristics will provide the asset with mass adoption. He has added:

“We are seeing how governments, the Central Bank and ordinary banks freeze accounts. Just this year, we have witnessed how the West and the United States confiscate funds from people because of Russian passports.”