Bitcoin Crash? Unreal, it could be $ 55,000 in 2022

thecryptotrader (63)in #bitcoin • 7 years ago

Bitcoin has recently stabilized around $ 2,500. The main factors that, at this time, can reduce their price are two:

"The first: some of the speculative investments made in recent months by external investors have been removed from the profit table. Secondly, the market is still responding to the bitmatic tactics of Bitmain and the risk of a possible fork resulting from the UASF ("User Activated Soft Fork"). Ultimately, Bitcoin is still growing nearly 150% for YTD (Year To Date), so there is no reason to worry. In addition, the fundamentals are strong and demand continues to increase. "

This is Marc Kenigsberg's thinking, Jamworx's CEO.

However, he argues that as long as Bitcoin will maintain the current status of the network and transactions, it will continue to grow. Today, more than ever, people begin to use it as a payment method, and the growth of the surrounding structure can only help. Google's research on the world of cryptovalutes is at an ever-increasing level, and commercial media are being developed around the world to make it easier for crypto payments. The world is beginning to understand and accept digital currencies.

Equity investors take notes
Thomas Lee, strategist at the Fundstrat company, has recently expressed his full concern with Bitcoin, estimating that in 2022 it could reach a value between $ 20,000 and $ 55,000.

Lee made this forecast based on Bitcoin's limited availability and market stabilization. Recently, he is not the only one to have ventured such predictions. Ronnie Moas, founder of Standpoint Research, suggested the same thing, even in a shorter time.

Lee believes that one of the major market drivers for Bitcoin is the cannibalization of gold demand. Bitcoin's offer is limited, there are only 21 million units, and this will lead, as time goes by, to an increase in its value. Moreover, the decentralized nature of digital currencies makes it a safe harbor in times of economic uncertainty.

"I have no doubt that 1% of cash, bonds, bonds and gold will end in cryptovalutes." -Ronnie Moas-