{"id":523577,"date":"2023-03-17T18:00:25","date_gmt":"2023-03-17T18:00:25","guid":{"rendered":"https:\/\/wncen.com\/?p=523577"},"modified":"2024-06-11T07:41:40","modified_gmt":"2024-06-11T07:41:40","slug":"heres-when-messari-ceo-ryan-selkis-expects-bitcoin-to-reach-100000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/heres-when-messari-ceo-ryan-selkis-expects-bitcoin-to-reach-100000\/","title":{"rendered":"Here&#8217;s When Messari CEO Ryan Selkis Expects Bitcoin To Reach $100,000"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Bitcoin and the broader crypto market have maintained more bearish trends than bullish ones since 2022. Although there were some bullish moves to recall in 2023, the market still struggles to gain strong momentum. The effect of the 2022 crypto price crash, US inflation growth, and interest rate hikes haven&#8217;t diminished from the market yet.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-blasts-26000-gearing-up-bullish-weekend\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Blasts Past $26,500, Gearing Up For Another Bullish Weekend<\/a><\/div>\n<p><span style=\"font-weight: 400\">Notably, several crypto experts predicted a bullish turn for the market in 2023. Also, the CEO of Messari, Ryan Selkis, recently predicted a bullish price target of $100,000 for Bitcoin within the following 12 months. However, these predictions may change due to investors&#8217; sentiments and other factors.\u00a0<\/span><\/p>\n<h2><b>Ryan Selkis Predicts $100K For Bitcoin<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Ryan Selkis <a href=\"https:\/\/twitter.com\/twobitidiot\/status\/13516545?s=20\" target=\"_blank\" rel=\"noopener nofollow\">said on Twitter<\/a> that the leading cryptocurrency&#8217;s adoption rate among traditional financial institutions and corporations would accelerate at an unprecedented pace, hitting a six-figure valuation.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The digital asset research firm CEO stated that while the United States dollar is devaluating, investors and other individuals will come to see Bitcoin as the most preferred finance option. He added that for it to happen, corporate companies such as MicroStrategy must start accumulating the token. If this action can begin quickly, it&#8217;ll be impossible for federal regulators to terminate the asset.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/analysis\/bnb\/bnb-price-surges-over-320\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">BNB Price Surges Over 20% in a Week And Rally Seems Far From Over<\/a><\/div>\n<p><span style=\"font-weight: 400\">Selkis also noted that the ongoing macroeconomic uncertainties and inflation risks posed by excessive central bank money-printing would likely drive further interest in Bitcoin. The crypto executive is optimistic about the growth of Bitcoin if institutions can buy more of the token.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite his optimistic outlook, it\u2019s possible that Bitcoin&#8217;s growth trajectory may not be straightforward. So, investors should be prepared for significant price swings in the short term. Based on his viewpoint, investors&#8217; best approach will be to take a long-term view of Bitcoin&#8217;s potential and focus on its fundamentals rather than day-to-day price movements.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, Bitcoin is still a volatile and risky investment, and it&#8217;s not for everyone but for those willing to take the risk and hold on for the long term.<\/span><\/p>\n<h2><b>Recent BTC Price Trend<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Bitcoin has shown several price swings over the last couple of months after it ended 2022 at $16,547.50. T<\/span><span style=\"font-weight: 400\">he token later entered 2023 trading at $16,547.91. It maintained price ranges around the $16,000 level until January 8, when it surged to $17,091.14.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Bitcoin sustained a steady price growth afterward, reaching the month&#8217;s high of $23,919.89 on January 29. It later dropped slightly to $23,137.84 as it launched into February. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Bitcoin also saw notable growth in the same month, surging to a peak price of $25,134.12 on February 16. However, the token failed to reclaim this price mark, as it kept trading below $25,130 until March 14, when it surged to $26,514.72.<\/span><\/p>\n<figure id=\"attachment_523581\" aria-describedby=\"caption-attachment-523581\" style=\"width: 860px\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-523581 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/BTCUSD_2023-03-17_18-11-21.png?resize=860%2C501\" alt=\"Messari CEO Ryan Selkis Predicts Bitcoin To Touch $100,000, Here&#039;s When\" width=\"860\" height=\"501\"><figcaption id=\"caption-attachment-523581\" class=\"wp-caption-text\">Bitcoin price surges on the chart l <a href=\"https:\/\/www.tradingview.com\/x\/A84YVUBq\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">In the meantime, Bitcoin trades at <\/span><span style=\"font-weight: 400\">$26,759<\/span><span style=\"font-weight: 400\">, with a 24-hour trading volume above $41.2 billion. Its price change over the last 24 hours stands at 8.44% at the time of writing.<\/span><\/p>\n<p>Featured image from Pexels and chart from Tradingview.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin and the broader crypto market have maintained more bearish trends than bullish ones since 2022. Although there were some bullish moves to recall in 2023, the market still struggles to gain strong momentum. The effect of the 2022 crypto price crash, US inflation growth, and interest rate hikes haven&#8217;t diminished from the market yet. Related Reading: Bitcoin Blasts Past $26,500, Gearing Up For Another Bullish Weekend Notably, several crypto experts predicted a bullish turn for the market in 2023. Also, the CEO of Messari, Ryan Selkis, recently predicted a bullish price target of $100,000 for Bitcoin within the following 12 months. However, these predictions may change due to investors&#8217; sentiments and other factors.\u00a0 Ryan Selkis Predicts $100K For Bitcoin Ryan Selkis said on Twitter that the leading cryptocurrency&#8217;s adoption rate among traditional financial institutions and corporations would accelerate at an unprecedented pace, hitting a six-figure valuation. The digital asset research firm CEO stated that while the United States dollar is devaluating, investors and other individuals will come to see Bitcoin as the most preferred finance option. He added that for it to happen, corporate companies such as MicroStrategy must start accumulating the token. If this action can begin quickly, it&#8217;ll be impossible for federal regulators to terminate the asset. Related Reading: BNB Price Surges Over 20% in a Week And Rally Seems Far From Over Selkis also noted that the ongoing macroeconomic uncertainties and inflation risks posed by excessive central bank money-printing would likely drive further interest in Bitcoin. The crypto executive is optimistic about the growth of Bitcoin if institutions can buy more of the token.\u00a0 Despite his optimistic outlook, it\u2019s possible that Bitcoin&#8217;s growth trajectory may not be straightforward. So, investors should be prepared for significant price swings in the short term. Based on his viewpoint, investors&#8217; best approach will be to take a long-term view of Bitcoin&#8217;s potential and focus on its fundamentals rather than day-to-day price movements. Meanwhile, Bitcoin is still a volatile and risky investment, and it&#8217;s not for everyone but for those willing to take the risk and hold on for the long term. Recent BTC Price Trend Bitcoin has shown several price swings over the last couple of months after it ended 2022 at $16,547.50. The token later entered 2023 trading at $16,547.91. It maintained price ranges around the $16,000 level until January 8, when it surged to $17,091.14. Bitcoin sustained a steady price growth afterward, reaching the month&#8217;s high of $23,919.89 on January 29. It later dropped slightly to $23,137.84 as it launched into February. Bitcoin also saw notable growth in the same month, surging to a peak price of $25,134.12 on February 16. However, the token failed to reclaim this price mark, as it kept trading below $25,130 until March 14, when it surged to $26,514.72. In the meantime, Bitcoin trades at $26,759, with a 24-hour trading volume above $41.2 billion. Its price change over the last 24 hours stands at 8.44% at the time of writing. Featured image from Pexels and chart from Tradingview.com<\/p>\n","protected":false},"author":584,"featured_media":516965,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,78790,17261,17262],"class_list":["post-523577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btcusdt","tag-messari","tag-ryan-selkis"],"acf":[],"yoast_head":"\n<title>Here&#039;s When Messari CEO Ryan Selkis Expects Bitcoin To Reach $100,000<\/title>\n<meta name=\"description\" content=\"Bitcoin and the broader crypto market have maintained more bearish trends than bullish ones since 2022. 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Currently, he writes about various asset classes, including Crypto and Stocks. Eli has been writing crypto oriented content for almost 6 years now and he is a hard core believer in Blockchain and is confident that it can reform the traditional financial system. He also thinks Bitcoin will become universal currency in the near future. You can follow Eli on Twitter: @EliDambel\",\"sameAs\":[\"https:\/\/x.com\/EliDambel\"],\"url\":\"https:\/\/wncen.com\/author\/elidambell\/\"}]}<\/script>\n","yoast_head_json":{"title":"Here's When Messari CEO Ryan Selkis Expects Bitcoin To Reach $100,000","description":"Bitcoin and the broader crypto market have maintained more bearish trends than bullish ones since 2022. 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