What is your Bitcoin Price Forecast 2022? Some of the industry insiders share some of their insights into the future of this pioneer - cryptocurrency. Let's have a look together. Will bulls or bears win the race?
16 April, AtoZForex – Earlier last week, an investment guru Tim Draper has stated that Bitcoin would reach $250,000 by 2022. During the same week, another cryptocurrency expert, Brian Kelly has backed this forecast.
Bitcoin Price Forecast 2022: Can BTC hit $250000?
When responding to the questions about Draper’s Bitcoin price prediction, Mr. Kelly has stated that “it sounds crazy”. However, he has added, that when one considers that Bitcoin has already 4,000 growth over two years, a 3,000 percent return over four years seems like a “continuation of the trend we’ve seen.”
He has gone on to highlight the heightened inflow of capital from the institutional investors into the cryptocurrency market. He has noted such recent cryptocurrency investments, as Rockefeller’s VC arm, a Goldman Sachs executive, and Soros Fund Management.
Mr. Kelly added that the increase in institutionalized investments can eventually lead to the drop in the volatility of cryptocurrencies. This could eventually make them easier to use as actual currencies.
As of the moment, the most usual case for crypto in experts’ opinion is citizens in countries with poorly regulated governments on banking systems. While being asked about why anyone would risk losing 20 percent or more with a crypto investment, Kelly has stated that:
“Well, listen, it’s better than losing 100 percent if your assets are seized by a rogue government.”
Will crypto volume spike?
As per Mr. Kelly, the parabolic run and the drop in transactions have caused the market’s poor performance in the past. He has noted that the Bitcoin is to reach $250,000 by 2022, or $25,000 by 2018. If this is the case, the transaction volume is set to increase:
“If the number of transactions catch up a bit, then I do think we’ve bottomed here and I do think we’ve got a sustainable bull run ahead of us.”
In the meantime, this week crypto hedge fund Pantera Capital has predicted that Bitcoin is seen skyrocketing $20,000 by the end of this year.
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