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    Home»Bitcoin»7 reasons why the bull market will continue in 2022
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    Bitcoin

    7 reasons why the bull market will continue in 2022

    AdministratorBy Administrator10.12.2021No Comments5 Mins Read
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    Due to the previous market correction and the current weak rally, investors and traders are unsure of the bull market’s sufficient potential. Crypto trader and market analyst Lark Davis gave 7 reasons why we will see bullish growth in Bitcoin (BTC) and the cryptocurrency market in general in 2022.

    1. The US Securities and Exchange Commission will approve Bitcoin ETF

    Due to concerns that the market will be manipulated, the US Securities and Exchange Commission (SEC) is hesitant to approve a spot Bitcoin ETF. However, the pressure on the SEC is growing, and even legislators reproach them for this indecision, because their fluctuations, in the end, lead to an outflow of capital abroad.

    The crypto analyst believes that in 2022 there is a possibility of a spot Bitcoin ETF, until then the market will remain bullish. However, he warned that as soon as the SEC gives its consent, a bearish cycle will begin.

    A spot Bitcoin ETF is likely to be approved in the US in 2022. Until then, the market is likely to remain bullish. Immediately after the ETF launches, bears will come into play.

    For the record, gold showed a strong rally until the corresponding spot ETF was approved, followed by a year of reduced prices, and only then we saw a multi-year mega-rally.

    1 Spot BTC ETF likely to be approved in USA in 2022. Market likely continue being bullish until then. Once it’s released we get bear.

    For reference gold had a strong rally before the spot ETF was approved followed by a year of down prices followed by multi year mega rally pic.twitter.com/f0YqrFXxrW

    — Lark Davis (@TheCryptoLark) December 9, 2021

    2. Cycles of bull run look longer

    Davis explained that bull run cycles appear to be getting longer, which happens as institutional money flows and the cryptocurrency market matures. Compared to previous cycles, which lasted from 1 to 1.5 years, the current cycle could continue in 2022.

    3. In 2022, there should be major updates to Ethereum

    Crypto traders are gradually showing more enthusiasm for Ethereum’s transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS), which is expected to take place in mid-2022. New updates such as limited sharding and triple halving could increase the number of transactions on the Ethereum blockchain by three or four times.

    4. DOT and ADA continue to rise

    Ethereum’s main competitors Cardano (ADA) and Polkadot (DOT) are striving to meet the needs of the market, gaining more and more prominence. Other projects such as Avalanche, Polygon, ETH L2 and Solana will continue to grow.

    PolkaDot and Cardano come into operation, which will attract even more money to the market. Avalanche, Polygon, ETH L2 and Solana will continue to grow. These blockchains are just getting started.

    In addition, all the major blockchains have invested billions of dollars in stimulating the ecosystem.

    4 Polka Dot and Cardano are coming online which will draw in even more money to the market. Avalanche, Polygon, ETH L2, and Solana will continue to grow. These chains are just getting started.

    Plus all the major chains have commited billions in ecosystem incentives.

    — Lark Davis (@TheCryptoLark) December 9, 2021

    5. The NFT market will grow

    2021 could be recognized as the year of non-fungible tokens (NFTs) as they continue to gain public attention. Recently, the capabilities of NFT have been actively used by several well-known global brands.

    Moreover, Davis believes that NFTs could become “the first point of access for millions of people to cryptocurrency.”

    6. 2022 will see a boom in blockchain games and the metaverse

    The crypto world has witnessed the explosive growth of games and the metaverse, as well as their integration with various industries. Davis believes that both will bring in millions of dollars and new users. He also said that 2022 could please other things as well.

    6. The demand for games and the metaverse is only growing. Games will bring tens, if not hundreds of millions of new users. The metaverse is the future multi-trillion dollar industry. Its potential scale is difficult to convey, and there will be many launches in games and the metaverse in 2022.

    6 Gaming and metaverse narrative are only growing in importance. Gaming will bring in tens of millions or more new users. The metaverse is a future multi trillion dollar industry. It is hard to convey how big this will be, and we have a lot of game and metaverse launches in 2022

    — Lark Davis (@TheCryptoLark) December 9, 2021

    7. The inflow of large capital continues

    According to Davis, the influx of institutional money into cryptocurrency will continue as these players gradually realize that it is “the best technology investment class of this decade.” With inflation steadily rising, they will have no choice but to invest in cryptocurrency.

    While the bullish mega-cycle in 2022 is likely to “end,” I also believe the next bear will be fundamentally different. However, strike while the iron is hot and enjoy good market conditions for a few more months. And don’t forget to take profit as you go, ”Davis concluded.






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