The entire crypto market has taken major steps towards mass adoption in 2021, and now that the year is almost over, analysts are setting their price targets for 2022.
Several analysts supported calls for a $ 100,000 (BTC) price by the end of 2021, and while this seems unlikely, most investors expect the key price level to be reached before the second quarter of 2022.
Here are some of the predictions of bitcoin price prediction analysts for 2022.
Bitcoin is still on its way to crossing the $ 100,000 limit
Analysts were more conservative in making unknown bitcoin predictions, as PlanB’s stock flow model incorrectly predicted a BTC price of $ 98,000 by the end of November, even though the model was in place from August to October.
While some traders are currently skeptical about the validity of the stock price-flow ratio model, cryptanalyst and Twitter user DecodeJar still believes that BTC will exceed the $ 100,000 limit in the next few months, and according to the analyst, the price may rise as much as as $ 250,000 by the end of 2022.
As explained in the tweet above, DecodeJar sees Bitcoin hitting a “conservative price target” of $ 190,233 by June 7 based on Elliott Wave extensions and Fibonacci retracement levels.
In a subsequent tweet, DecodeJar warned that:
“Forecasts for future prices and times are just a guideline, but combining this area with other indicators as we approach may provide a clean exit near the top. I prefer the more conservative end of the $ 190,000 scale.”
Rules will appear in 2022
David Lifshitz, Managing Partner and Chief Investment Officer of ExoAlpha, gave a glimpse into the future of the entire cryptocurrency ecosystem, saying that “cryptocurrencies will continue to exist in 2022”, meaning “governments will not ban them.”
Instead, Lifshitz suggested that they “want to regulate it to keep cryptocurrencies under strict restrictions on fiat currencies, and also to see it as a source of taxable income to finance their coffers.”
As the DeFi ecosystem continues to grow and develop new opportunities, Lifshitz predicts that banks and insurance companies will need to adapt their business models to remain competitive, while “medium-sized companies are at greater risk as DeFi makes them redundant.”
Regarding the madness in the NFT area, Lifshitz expressed doubts about the sector’s ability to continue its lightning-fast growth and drew attention to some of the deeper concerns that regulators may move forward.
“It has become so hot that one can not help but wonder if they have been used to launder money … I know that a lot of money is leaking from central banks looking for a home, but NFTs in 2021 remind me about the Dot.com era in the mid-1998s, there is still room for parabolic prices to rise and then collapse. ”
Regarding the hype surrounding the new Metaverse, Lifshitz stated that although it looks like we are heading into a future that may resemble scenes from Ready Player One, “where people turn to the virtual world because their real world is terrible. , ours is still “year”. “from this”.
Related: To create a path for market growth for cryptocurrencies through better regulation
Mass adoption is likely to continue
Despite signs of weakness in the short term, Lucas Lagoudis, CEO of hedge fund for cryptocurrency and digital assets ARK36, “strongly believes that the general upward trend in the cryptocurrency market will continue into 2022”.
Lagoudis suggested that “sustainable adoption of digital assets by institutional investors and their wider integration into older financial systems will be the main driver of cryptocurrency growth next year,” as institutions are expected to begin favoring “digital assets over gold.” as a reserve asset “during 2021.