If you’re wondering how much Bitcoin will be worth in 2022, you’ve come to the right place. Algorithm-based forecasters remain bullish on Bitcoin price in the long term. If you were to buy one Bitcoin in 2022, the price would likely be $15,000, $100,000, or $250,000.
While it is difficult to predict the price of Bitcoin, the data shows that the cryptocurrency is likely to reach $15,000 by the end of 2022. Unlike other asset classes, Bitcoin is more sensitive to market factors. Nonetheless, there are several factors that can help predict the Bitcoin price in the future.
The long-term theoretical target for Bitcoin is $150,000, which would put it on par with all gold privately held. This is a significant increase from the $146,000 price target a year ago. Although it’s not yet clear how long it will take for Bitcoin to reach this price, recent price corrections have appeared less like capitulation than the massive price drop that occurred in May. At the same time, metrics like futures open interest and reserves on exchanges show that the market has been reducing its long-term positions.
Bitcoin has fallen dramatically since hitting its highs in November, but that doesn’t mean the price will stay low forever. Many experts predict it will reach the $100,000 mark by 2025. However, it is still a difficult task to predict whether it will reach this milestone.
The price of Bitcoin is difficult to predict, as it is more susceptible to market forces than other assets. However, it is still possible to get a rough idea of what it could be worth in 2022. Experts have made their best guesses.
Despite the prevailing bearish sentiment, some investors believe Bitcoin will surge beyond $300,000 in a few years. The recent announcement by the Federal Reserve to slow the pace of rate hikes has triggered more investors to jump into the cryptocurrency. According to an article published by CNBC, a former Trump White House communications director, Anthony Scaramucci, believes that Bitcoin will hit $300,000 in six years. However, there is a major caveat to this prediction.
Bitcoin has experienced a brutal first half of 2022, with investors turning away from risky assets. Higher inflation, higher interest rates, and a slowing global economy have fueled a decline in the price of the crypto. However, Deutsche Bank has predicted that Bitcoin could reach $28,000 by the end of 2022. In addition, a survey of 53 experts conducted by Finder predicted that Bitcoin will hit $25,000 by the end of the decade.
After a soaring year in 2017, the price of Bitcoin has declined considerably in recent months. As of Tuesday, it was trading at $20,010, a drop of nearly 8%. Bitcoin is now perceived as a risky speculative asset. At a Jackson Hole symposium earlier this month, Fed Chair Jerome Powell indicated that the central bank will use its tools “forcefully” to fight inflation, a concern that weighed heavily on its price.
Bitcoin has climbed to a record high of almost $69,000 in November. This has put the crypto world on the edge. The Federal Reserve has already raised interest rates three times this year and is expected to do so again in July. The central bank is already fighting a historic spike in inflation. While it’s unclear how many more hikes it will make, analysts expect the Fed to hike rates through the end of the year. As a result, the fed funds rate could end the year at around 3.5%.
More than $1 trillion
After spending more than a decade on the fringes, cryptocurrencies have recently experienced a massive selloff. The total market capitalization of all crypto currencies dropped by more than $1 trillion in just six months. The sudden plunge has destroyed retail investors’ life savings. Worse, it has fueled fears of a broader recession.
Cryptocurrency has experienced a recent downturn, with the market cap dropping below $1 trillion for the first time since mid-July. During the last 24 hours, the crypto market has lost over 4% of its value, marking a new low since the start of 2018. The market was also hit by fears of rising inflation and interest rates, as investors shun riskier assets.