Posted by PlanB is a well-known cryptocurrency analyst. Known for his frequent and accurate Bitcoin forecasts, he still believes in Bitcoin. Although it has fallen in recent weeks, it can reach USD 100,000 by the end of the year.
Bitcoin’s forecast for 2022
“I imagine we’ll be above $100,000, above $135,000 by the end of the year, and then continue to grow perhaps towards the stock-to-flow X (S2FX) model target [of] $288,000 or even beyond; so I wouldn’t be surprised to see in the first-second quarter of next year a price of $300,000, $400,000 or $500,000 either.”
PlanB
The 2022 target is USD 200,000 and above. Although the forecast of USD 100,000 by the end of the year seems objectively difficult to achieve, several experts believe that the forecast of the BTC price to reach and exceed USD 100,000 in the coming year certainly looks more reliable. In September, JPMorgan Chase analysts even predicted that Bitcoin will reach $145,000 by the end of 2022. In late October, when Bitcoin was steadily above $60,000, CoinList CEO Graham Jenkin predicted that the price will reach $100,000 by February 2022.
The Bloomberg report and the new US regulation
A Bloomberg report detailed that the price of Bitcoin is expected to reach the decisive $100,000 mark next year. According to Bloomberg experts, considering that Bitcoin has overcome very negative news such as the Chinese ban while still setting new highs, this year’s adjustment will make assets stronger and the bullish market healthier. The report also highlights the fact that the United States is about to introduce new regulations and other countries can encourage the widespread adoption of Bitcoin and cryptocurrencies, thereby driving the demand for assets and subsequent value growth. According to the report, the stock market may fall or it may boost Bitcoin’s stock price as a means of maintaining value equivalent to gold.
“The key question facing Bitcoin nearing the onset of 2022 is whether it’s peaking or simply a consolidating bull market. The key question facing Bitcoin nearing the onset of 2022 is whether it’s peaking or simply a consolidating bull market”.
Will these predictions be confirmed? We just have to wait…