Despite the recent crash of the crypto market, the British cryptographer and an outspoken supporter of Bitcoin – Adam Back – thinks the king cryptocurrency (BTC) could tap $100,000 by the end of 2022.

"My permabull case for BTC/USD $100k this year. plus a US physical bitcoin ETF chaser (GBTC upgrade + other) would create a nice whipsaw and probably trigger a big uncoupling and positive reflexivity into a blow off top next year. no leverage bois."

Learn more about your ad choices. Visit megaphone.fm/adchoices