Will Bitcoin Reach $100,000 in 2022? We asked the experts

After a hawkish turn by the Federal Reserve to remove some of the momentum from digital forms of money towards the end of the year while largely saving other sources of risk, the National Bank’s strategy plays a crucial role in the debate on the outlook for tokens in 2022.

To what extent will the Fed overhaul Jerome Powell's strategy to halt expansion? The answer to this question will help determine whether Bitcoin will follow a 60% increase in 2021 with another truly successful season, say some experts.

Another way to think is that the institutions from Meta Platforms Inc. (formerly Facebook) to Apple Inc. It is rushing further into the metaverse and shoppers continue to climb into the non-fungible tokens, which should push cryptocurrencies to pay little attention to macroeconomic forces. in the game. Simply watch last year's $69.3 million NFT fine arts deal at Christie's, or the impeccably coordinated gathering of crypto-supporters battling ultra-rich Ken Griffin to sell a duplicate of the US Constitution.

Bitcoin was trading at around $46,100 on Tuesday as of 9:52 a.m. in Hong Kong, up about 0.2% on the day. Here, four market watchers talk about their view of the token and the more inclusive crypto world in 2022:

Bitcoin Bullish Techniques

“We are bullish on bitcoin in the long-term, given our pattern mapped out in the following actions,” Katie Stockton, co-creator and supervisor of Fairlead Strategies LLC, said in an email.

“We expect the long-term rally to keep pace with itself, and a more decisive breakout to new highs will take into account the noteworthy discretionary move forecast of around $90,000. Currently, the restorative phase is having an actual effect, though the fact that there are potential indications of an transient boredom."

The Federal Reserve and the Metaverse

“The number one factor affecting bitcoin and digital forms of money in 2022 is the strategy of the National Bank,” Anthony Trenchev, partner supervisor for crypto money lender Nexo, said in an email. “Modest cash remains in a position that has huge implications for cryptocurrencies,” as “the Federal Reserve does not have the nerve to tolerate a 10%-20% crash in the stock market, combined with a hostile response in the stock market.”

Trenchev sees an approximation of 2022, but notes that Bitcoin will reach $100,000 before the end of June. In addition, tokens such as Solana and Avalanche are not expected to deliver similar dramatic increases as they did in 2021, but instead “these startups — inundated with self-importance, behavior and out-of-control stories — will face this Big Expansion. Difficulties Ethereum and Other More Experienced Protocols Have Faced.”

Author of What I Really Am in 2022 Is the Metaverse. “The birth and use of the term metaverse is a beautiful wreck, and it has a lot of potential. One of the general themes for the next year will be: the metaverse, building the framework and later the NFTs that are going to make up a piece of the economy there.”

skeptic

“Despite the fact that I anticipate that speculative enthusiasm should continue in the crypto space, with inflated innovation valuations, it faces a significantly more tested climate in 2022,” said Jeffrey Haley, chief market auditor at Oanda Asia Pacific. e-mail. “The primary explanation is the start of cost-of-fund consolidation by the Federal Reserve but with other important national banks also tending to follow. This will challenge why cryptocurrency is an option as opposed to government-issued currency.”

“The risk of more guidelines looms and frankly, with another coin being released every week that is the 'next huge thing' and is driven by theory rather than blockchain, I'm fighting to realize what any of it would be like,” Halley said. Forget about the money market at all. Music may continue to have an effect in 2022, but the governor is actually wearing no clothes."

Expect App Store

“The race to be the crypto app store has started,” said Philip Gradwell, lead financial expert at Chainalysis, in an email. “An important example of Web 2.0 is that buyers love the stages, and I don't feel like that will change for Web 3.0. At the moment there is no coding stage that owns the client-total provider relationship. I expect that in 2022, many organizations will compete to build this stage, with Coinbase leads the pack as it includes DeFi and NFTs.”

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