|Bitcoin (BTC) Price Prediction : in 2022 According to the Experts|
Bitcoin crypto assets are now starting to become one of the investment options that are starting to be loved by the public. Although the value is volatile, there are still many who are interested in trying their luck by investing in Bitcoin. Check out what Bitcoin price predictions will look like in 2022 in the following review.
Bitcoin Price Movement from Year to Year
When discussing the development and movement of Bitcoin (BTC) prices since it was first created, of course it will be long because Bitcoin itself was first created in 2009.
But for sure, Bitcoin experiences quite high price fluctuations, like other crypto assets. To find out what the level of volatility that occurs in Bitcoin, we can trace Bitcoin price movements throughout 2021.
Throughout 2021, Bitcoin experienced a total increase of up to 123 percent compared to the previous year. One of the factors that caused this increase was the emergence of the Bitcoin Taproot update.
Bitcoin took less than a month in 2021 to break its 2020 record price. The value of BTC soared to touch the US$40,000 mark on January 7, 2021.
Then in mid-April, the Bitcoin price hit a new all-time high of over 60K US dollars. This increase was due to Coinbase, one of the crypto asset exchange platforms that went public.
Unfortunately throughout the summer of 2021, the price of BTC slumped by 50 percent to reach 29 thousand US dollars at its lowest level on July 19.
But in September, BTC rose again to be at 52,693 US dollars. But the increase is only temporary. The reason is that about two weeks later after BTC skyrocketed, many made withdrawals which brought it to a price of 40,709 US dollars.
On November 7, 2021, Bitcoin again hit an all-time high at $67,549. This price is considered the highest Bitcoin price in 2021.
Then in early December 2021, Bitcoin dropped to 49,243 US dollars. As of this writing, the current price of BTC to IDR has reached IDR 665 million or the equivalent of 46,545 US dollars (assuming an exchange rate of IDR 14,306).
Bitcoin Price Prediction 2022 According to the Experts
Every crypto expert or expert certainly has a different way of analyzing or predicting the price of Bitcoin and other crypto assets. However, most say that Bitcoin has strong momentum in 2022.
Quoted from Time, Bitcoin Conservative predictions say that this crypto asset will reach 100,000 US dollars by 2023. Some experts even conclude that Bitcoin will tend to be more bullish.
"Experts and observers expect Bitcoin price to rise to $100,000 in Q1 2022 or sooner", said Kate Waltman, a New York-based public accountant and crypto expert.
Meanwhile, according to Jurrien Timmer, director of global macro at Fidelity Investments said if some other experts are hesitant to predict numbers and dates. However, they show an increasing trend in value from time to time.
Investors should expect a sustained rise in Bitcoin's long-term value driven by organic market moves, with a threshold of $100,000 in the near term.
Things That Affect Bitcoin Price Increase
There are three main factors that can affect Bitcoin price changes over time, namely:
One of the characteristics that Bitcoin has is that it is limited in number. Bitcoin only has a total of 21 million, while currently there are 18 to 19 million Bitcoins circulating in the market.
Crypto asset experts consistently point to Bitcoin's rarity as an attraction.
"Although supply is steady, demand is increasing," said Alexis Johnson, president of blockchain public relations and special events firm Light Node Media.
Other experts point out that Bitcoin has an advantage due to its limited number and are racing to own it.
"That's why everyone buys, because of the psychological aspect," said Nelson Mercan, co-founder of Light Node Media.
High Bitcoin Adoption
One of the main factors driving Bitcoin's price hike is the rate of adoption of crypto assets that is starting to increase so that new consumers try to buy and explore the world of crypto assets, according to Waltman.
"Crypto technologies are being adopted at a faster rate than humans are first adopting internet technology," he said. With this assumption, the high adoption of this crypto asset can continue to push the value of Bitcoin even higher.
According to data held by digital asset management company CoinShares, Bitcoin adoption has increased by 113 percent on an annual basis.
Another big influence on the price of Bitcoin is the cycle known as the halving. The halving itself is an algorithmic endeavor, but basically aims to halve the amount already in circulation.
Halvings can affect the rate at which new coins enter circulation, which can affect the value of Bitcoin holdings.
Will Bitcoin Still Shine in 2022?
Judging from the price predictions presented by experts and observers above, Bitcoin still continues to shine in 2022. Although no one knows for sure what the fate of Bitcoin and other crypto assets will be in that year.
As in previous years, Bitcoin is still the right choice for long-term crypto asset investments, regardless of the level of volatility that Bitcoin has.
While crypto assets may appear to be a popular investment in 2021, that doesn't automatically make this type of investment right for you. Before you decide to invest in crypto assets, it's a good idea to do a lot of in-depth research.
Thus a brief review of Nurul Huda ID about Bitcoin (BTC) Price Prediction in 2022 According to the Expert hopefully it can add to your investment reference. Thank you for taking the time to read this article to the end. And our team always wishes you the best.
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