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The BeInCrypto editors asked the experts what will happen to Bitcoin in 2022, and when the first cryptocurrency will be able to reach the $ 100,000 mark. Here is what they answered
The bitcoin rate has renewed all-time highs near the $ 69,000 mark.Since then, the cryptocurrency has fallen in price by 31%, however, industry experts are waiting for a recovery in 2022.
The first quarter of 2022 will be decisive for Bitcoin
The first months of 2022 will be decisive for the cryptocurrency market. Absolutely all interviewed experts adhere to this opinion. And if some of them are sure that bitcoin will only approach the coveted $ 100 thousand mark, others are sure that the main crypto-coin will enter the range of $ 150 – $ 180 thousand.
“I believe that bitcoin still has a chance to make a leap in 2022 and reach $ 100,000, but recent events, namely the statements of Jerome Powell about high inflationary risks and the acceleration of winding down the asset repurchase program, have severely undermined investor confidence in the possible growth of bitcoin above the all-time high. … My guess is that if Bitcoin has a chance to touch $ 100,000, then it could happen in February-March. If this does not happen in these months, it will not happen throughout 2022, because by the summer the economic stimulus program will be phased out in the US completely, and this will obviously put pressure on the crypto market, “said Fei Wu, development manager at AscendEx in Russia.
This opinion is shared by Vyacheslav Curka, SEO Tiger.Trade… According to the expert, bitcoin will come close to the indicator of $ 100 thousand, but it is unlikely to be able to gain a foothold at this mark.
“It is quite difficult to predict the price movement of cryptocurrencies, since this market is arranged somewhat differently than, say, the stock or commodity market. But, based on general trends in the global economy, technical and fundamental analyzes, I can assume that the main cryptocurrency will be able to approach the $ 100 thousand mark in the coming year. The main trigger for the growth in value will be a new influx of institutional investment and the launch of new Bitcoin ETFs. Let me remind you that in 2021, such funds were launched in Canada and the United States, ”said Vyacheslav Tsurka.
See also: Bitcoin has nothing of value, says Peter Schiff
Bullish growth of bitcoin should be expected rather in the second half of 2023, the expert said. He expects an increase in investment activity ahead of the next halving of the main cryptocurrency, which will take place around April 2024.
Maria Stankevich, the business development director of the EXMO crypto exchange, is wary of forecasts, so she is in no hurry to name any specific levels.
“Despite the fact that cryptocurrencies performed better throughout the year compared to some other assets, such as the oil complex and small-cap stocks, one SEC decision to ban Bitcoin or USDT could have a significant impact on the rate. From a fundamental point of view, bitcoin has potential, this is proved by the data of analysts today, which confirm that whales buy out all the bottom during corrections and withdraw funds to cold wallets. But I would not make loud statements about $ 100 thousand or $ 200 thousand, ”says Maria Stankevich.
The $ 100K price is just the beginning
Some domestic and foreign experts are more optimistic in their forecasts and assure that the bitcoin price will not only be able to break the $ 100,000 mark, but also set a new record at $ 150,000.
“I have no doubts that bitcoin will exceed $ 100 thousand this winter. According to my forecasts, the price of a cryptocurrency may reach $ 150 – $ 180 thousand. This is indicated by technical analysis indicators. I am sure that the first half of the year will be a breakthrough for the crypto market, ”says Yuri Gusev, founder of Zam.io.
Read also: Bitcoin will rise in price to $ 125,000 by the end of 2022 – the head of Wave Financial
A similar point of view was voiced by and Leonid Litvinenko, CEO and Co-founder of Lot.Trade… The expert has no doubt that already in the first quarter of 2022, the cost of bitcoin will be set at $ 100 thousand.
Dmitry Sheludko, SEO cryptocurrency Biconomy, I am also confident that the main cryptocurrency will rise to highs early in the year.
“Bitcoin will continue to grow in 2022. We see that the situation with the global Covid19 pandemic continues, and this means that online business and investment will continue to develop. Consequently, we will see even more interest in cryptocurrencies and an influx of investors. Bitcoin can be safely expected at a price of $ 100,000 and it will not be a surprise to anyone, ”he said.
In general, experts agree that bitcoin will continue to grow amid the strengthening of the crypto market and the growing interest of institutional and private investors in crypto assets.
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