Bitcoin Forecast For 2022 From Financial Institutions And Experts
Bitcoin has attracted the attention of many investors since its inception, but in 2021, even supporters of other assets began to take an active interest in this cryptocurrency.
This is not surprising, as once for $1 could buy you 1309 bitcoins. On April 14, 2021, BTC renewed its record, rising in price to an incredible $64,863.10.
Do you think that’s where its growth will end? It most likely won’t. Experts predict an astonishing rise in the price of the first cryptocurrency already this year, and it will be so powerful that the current bitcoin maximum will cease to surprise anyone.
In this article, we will try to predict what the value of BTC will be in 2022, and also we will consider the forecasts of experts and financial institutions.
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What Do The Experts Say?
It is worth noting that making any long-term predictions about the value of such a volatile asset, which depends on the will of Bitcoin whales and which can calmly move the asset’s price both up and down, is a thankless task.
And yet, many experts suggest that Bitcoin will see incredible growth in 2022, lasting until 2025. Here are just some of the expert opinions we want to highlight.
For example, Forbes magazine suggested that the value of the first cryptocurrency will rise to $300,000 per coin by 2025.
In 2021, a survey was conducted among 42 experts whose activities are somehow related to cryptocurrencies. 61 percent of those surveyed agreed that even despite its incredible growth, Bitcoin is still an undervalued asset. Many of them agreed with the prediction that Bitcoin would rise to $66,280 by the end of 2021, but the growth will be explosive in the next few years. Already by 2025, the price of bitcoin will rise to $318,000, and in 2030, $4.28 million will be offered for a single Bitcoin.
In August 2021, analysts at Standard Chartered Bank gave their forecast regarding the dynamics of the first cryptocurrency value. In their opinion, by the end of 2021, the bitcoin value will rise to $ 100,000. Analysts also suggest that such a sharp rise in the value of bitcoin will provoke a similar growth of the other leading cryptocurrency Ethereum. What will happen to the bitcoin price in 2022? The bank analysts were silent but noted that we are waiting for the continuation of the bull run with a high probability.
Nick Spanos, one of the founders of Zap Protocol, agrees with analysts of Standard Chartered bank. After bitcoin’s slight drop in value, he urged cryptocurrency traders not to panic and called the fall “false. He is also convinced that the value of the first cryptocurrency will rise to $100,000 by the end of this year.
On the other hand, the CEO of Xapo decided not to forecast the value of bitcoin for 2022, going even further. He believes Bitcoin could rise to $1 million per coin as early as 2027.
Another prominent figure, TokenMetrics analyst Bill Noble, believes in bitcoin’s growth and believes that by early 2022 there is a much better chance that the asset’s value will reach $75,000 than it will fall to $25,000.
Popular crypto expert and one of the founders of cryptography Adam Beck is convinced that given the uniqueness of such an asset as Bitcoin, we can assume that in the next five years, its value will rise to $ 3 million.
FiCAS AG director Ali Mizani gave correct predictions of bitcoin price dynamics back in 2016 and 2018, and therefore his predictions can be well believed. As for the end of 2022, in his opinion, the bitcoin price will definitely grow to $200,000, and may well reach the $300,000 mark.
Wall Street has a much less optimistic forecast for bitcoin dynamics. Managers of large investment funds interviewed by CNBC are confident that Bitcoin will close in 2021 with a drop to $30,000, and the decline in the cryptocurrency price will not end there.
JP Morgan analysts are also very pessimistic about bitcoin. They do not exclude that at the beginning of 2022 the bitcoin price will fall to $20000.
Analysts at the well-known exchange Kraken have little doubt in the growth of bitcoin to $90,000 by early 2022. They also noted that over the past six months, the value of bitcoin, despite the high volatility, added 10% or more
Mike Novogratz, who actively criticizes Dogecoin and does not believe in its further growth, is more optimistic about bitcoins. He sees no obstacles for the first cryptocurrency to grow to $150,000 already by mid-2022. Moreover, in his opinion, this growth will be more and more significant in the future, and the market capitalization of bitcoin will exceed the capitalization of gold.
Pantera Capital analysts believe that by the end of 2021 bitcoin price will rise to $115,000. Also, the fund noted that you should not compare the growth in bitcoin value in 2017 and now, because at that time, “most of the projects existed only on paper,” while now the interest of most central banks in the issue of their digital currencies will attract interest from new users.
On The Flipside
- It is worth saying that despite the vast number of optimistic forecasts regarding bitcoin’s value in the near future, private investors should be cautious and not invest all their money in one asset, distributing capital across an investment portfolio and insuring themselves against high risks.
- Many experts recommend keeping at least 5% of your capital in bitcoins, and this advice looks pretty reasonable.
Why You Should Care?
Indeed, there is a high probability that Bitcoin will continue to rise in value, but no one can say how fast it will increase or whether it will be replaced by an even faster fall. Therefore, if you decide to invest your money in bitcoins, you should not listen to all experts at once, it is much better to learn how to analyze market situations on your own and make correct, weighted decisions.
Read more: https://dailycoin.com/bitcoin-forecast-for-2022-from-financial-institutions-and-experts/
Text source: DailyCoin.com
