Veterans predict that Bitcoin could hit $100,000 in 2022
If there is one thing that can irreversibly and quickly expose futurists and all sorts of gamblers, it is undoubtedly bitcoin.
Of course, the primary cryptocurrency - and the rest of the cryptos - is on a roller coaster, with its prices going up and down sharply and spectacularly.
Then, a million questions are what will bitcoin do next year:
Will it make a spectacular rally that will skyrocket its price, or will it collapse, signaling the bursting of the giant bubble of all time? Or maybe neither?
Opinions differ, and they differ because even the science of statistics is unable to answer the basic questions because of the high volatility.
The most common prediction is that it will reach $100,000 this year, although the exact prediction was refuted in 2021.
One can not know how much bitcoin will favor its fanatical supporters to break the $100,000 barrier in 2022.
However, there is a pattern that follows the last at least ten years and which, if confirmed, then in the new year is not going to fall below the level of $27,734.
Besides, Bitcoin could see the additional upside and surge as elevated as $100,000 by the middle of 2022
said Antoni Trenchev of cryptocurrency lender Nexo.
Even in 2020, when the pandemic changed everything and caused the March mini-crash, the bitcoin low was at $3,800,
higher than the 2019 low of $3,350. What does all this tell us? Possibly nothing but a lot at the same time.
On the one hand, past returns in no way guarantee future ones.
It is a rule that applies to all assets, especially cryptocurrencies whose variability is proverbial.
On the other hand, those who invest in digital assets are very likely to be accustomed to the big ups and downs of the market.
So, for 2022, the largest cryptocurrency shows a growth margin of 96%, based on the most optimistic forecast that brings it close to $100,000.
At the same time, however, it shows a margin of fall of 45%, as it can test this year's low of 27,734 dollars.
There are, of course, the most daring. For example, Tom Lee of Fundstrat Global Advisors believes that the price of bitcoin will quadruple by 2022,
and from the level of $50,000 found on December 27, it will reach $200,000. Another crypto market analyst, Nicholas Merten, agrees.
But at the same time, the famous economist and professor of applied economics at Johns Hopkins University, Steve Hanke,
claims that while the price of bitcoin is close to $50,000, its value is zero.
The head of the largest bank in the world agrees with him. According to JPMorgan's Jamie Dimon, bitcoin has no integrity.
"As a trading medium, bitcoin may become the dominant peer-to-peer payment method for the global extra-banking system in a future cashless world,"
the team led by Geoffrey Kendrick wrote in a note to investors last week."
Cyclically, we anticipate an upswing to somewhere $100,000 by the verge of 2021 or the opening of 2022."