What information will impact the bitcoin market in 2022?

If you have been in this space as long as your server, you will know that the first days of 2022 may not have been kind to Bitcoin, but if you are looking to invest in Bitcoins in 2022, you may be interested to know these predictions from various market analysts, starting with those of Mike McGlone, an analyst at Bloomberg Intelligence, who sees Bitcoin and Ethereum on track for $100,000 and $5,000, respectively, in 2022.

While some predict the dreaded Crypto Crash, experts like Ryan Firth, a financial planner with Mercer Street Financial, assert that "everything is part of the game" and highlight the relevance that cryptocurrencies have gained over the past year. As an example, in 2021, a number of significant retailers started accepting bitcoin as payment.

While Wall Street developed exchange-traded funds based on bitcoin futures, certain athletes and politicians started earning a portion of their pay in cryptocurrencies. Not to mention the historical case of the rescuer, which accepts Bitcoin as a form of payment alongside US cash.

Bitcoins in 2022: First American exchange-traded fund

The establishment of the first bitcoin exchange-traded fund in the United States is a significant move that cryptocurrency investors should keep an eye on in 2022.

The Securities and Exchange Commission has already given the go-ahead for ProShares' Bitcoin Strategy ETF to begin trading this year, but the product monitors Bitcoin futures contracts rather than giving investors direct exposure to the cryptocurrency itself. Therefore, it can be too hazardous for inexperienced investors but advantageous for long-term goals and conventional investors who haven't switched to Bitcoin or other cryptocurrencies yet.

Furthermore, the blockchain analytics company Arcane Research forecasted in a research note that additional Bitcoin ETFs will launch soon as well as more cryptocurrency companies would go public in 2022, with some of them having valuations of over $5 billion.

Bloomberg Intelligence forecasts, on the other hand, that the potential of the US Federal Reserve's raising rates in 2022 might promote a "win-win scenario" for Bitcoins in 2022 vs the stock market, and the crypto asset is likely to gain an advantage this year versus stocks.

It's also important to note that 2022 is anticipated to be a productive year in terms of regulations. This might support the acceptance of cryptocurrencies or weaken their standing, depending on how the facts turn out.