Global Investors, predicted that despite the fact that gold has the potential to climb in value in 2022, he anticipates that Bitcoin would surpass the precious metal, with millennial activity being the primary driver.Īccording to the CEO, Bitcoin’s capacity to outperform other asset classes in 2021, as well as the price movement, puts the digital currency in a strong position to reach $100,000īased on millennials’ participation, Holmes states Bitcoin is on its way to becoming the world’s most valuable store of wealth. Global Investors, Frank Holmes (Bullish)įrank Holmes, CEO of investment company U.S. So I think there’s a lot of elements playing, in the short term, but long term I still think that getting to $100,000 or even a higher price is, shouldn’t be a problem,” said Fang. “I still believe that the $100,000 price point is reasonable, but the timing can be a bit elusive because we are at the mercy of market dynamics. She also predicted that the asset would see short-term volatility owing to events surrounding leveraged products and derivatives. Hong Fang, the CEO of cryptocurrency exchange OKCoin, has said that Bitcoin’s price objective of $100,000 is still in play, despite the fact that the cryptocurrency’s price is highly susceptible to market fluctuations.įang predicted that Bitcoin would reach the mark provided the asset’s fundamentals stay in place. Hence, we think it is not too much of a stretch to imagine Bitcoin falling below $30,000 this year (with the health warning that we have got this wrong before and that it seems to be going through a series of bubbles),” Invesco said. ![]() “The template also suggests that bubbles typically deflate for a further two years. Invesco (Bearish)Ĭonversely, the investment giant Invesco predicts the Bitcoin bubble will burst in 2022, and trade below $30,000, citing reduced interest from investors.Ĭonsidering that Bitcoin has witnessed increased volatility in 2021, the investing giant linked the expected Bitcoin bubble burst to the 1929 crash while also saying that the current mass marketing of the asset is losing momentum. ![]() Suggesting that Bitcoin may go up again as a bottom forms around $30,000 and as resistance at $60,000 ages. Bitcoin is more likely forming a floor than a ceiling, which means range traders accustomed to $30,000-$60,000 may be disappointed,” the report adds.īy rules of economics, a market with rising demand and a shortening supply will go up over time. “Next key Bitcoin threshold may be $100,000. A report by Bloomberg published on February 6, 2022, indicates that Bitcoin is poised for further price growth despite starting the year with a massive correction.Īccording to the Bloomberg Intelligence: Crypto Outlook report, the moving demand and supply statistics will have an impact on Bitcoin’s potential price spike. ![]() So, what will the value of Bitcoin be at the end of 2022 look like? In light of the present market environment, let us take a closer look at the top experts’ picks to better predict its price at the end of the year.
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