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Bitcoin to Hit $100,000 Once Chinese Selling Pressure Eases in 2022, Says Samson Mow

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Bitcoin (BTC) will hit $100,000 once the sustained selling pressure from China starts to “ease up” after the end of this year, according to bitcoin expert Samson Mow. Cryptocurrency markets have fallen sharply since bitcoin reached a record high of $69,000 on Nov.10, in large part dragged by Asian investors. ““There is significant sell pressure [from China] at the moment,” Mow, chief strategy officer of Canadian blockchain firm Blockstream, told BeinCrypto in an interview on Dec. 20. Mow said markets have taken a knock as crypto-related firms scramble to leave mainland China to comply with a new law banning bitcoin….

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