THow many of you who have invested in cryptocurrency will be very interested in learning about the predicted ups and downs of Bitcoin in 2022.
It recently hit another all-time high, surpassing $ 68,000 for the first time after stopping at the start of the year.
Experts suggest that bitcoin is only growing and is on track to reach $ 100,000 by the end of the first quarter of 2022.
This after the start of 2021 well below $ 30,000 shows the meteoric rise of cryptocurrency as a new way to get rich quick.
While predictions are sometimes complete guesses, especially for something that fluctuates as much as Bitcoin, that doesn’t stop the experts trying to do it.
“The most knowledgeable educators in the field are predicting $ 100,000 in bitcoin in the first quarter of 2022 or earlier,” says New York-based cryptographer Keith Waltman.
The first quarter of 2022 is just the beginning for Bitcoin, and some experts say it could double or even triple by 2023.
Robert Breedlove, founder and CEO of digital asset marketing and consulting company Parallax Digital, predicted that Bitcoin will surpass $ 300,000 by October 2021, which did not happen, and he expects its value to exceed $ 12 million by 2031.
Matthew Hyland, a technical analyst and blockchain data analyst, predicts the cost will be $ 250,000 by the end of January alone, which will require a significant surge.
The fixed amount of bitcoins available has made it more desirable: 21 million is the limit on the amount in circulation.
Between 18 and 19 million of them already belong to someone, so we will soon hit the wall when many expect prices to rise sharply due to the large number of people willing to invest.
The sophisticated algorithms that calculate the value of bitcoin include factors such as supply and demand, stocks to flow, and inflation and deflation.