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With high volatility, institutional adoption and record price levels, 2021 will be remembered as one of the most important years in Bitcoin history. The price of the crypto asset started this year at US$29,000, and it climbed to a record high of US$69,000 on November 8, 2021. Since then, the digital currency has been in a downward trend. The current trading price of BTC is close to 47,000 USD, it seems Cryptocurrency It will be less than $50,000 at the end of the year. Even after recent adjustments, Bitcoin’s 65% increase in 2021 still makes it one of the best performing financial assets in the world.
However, the price increase of BTC is not the only reason for BTC supporters to celebrate.Institutional adoption From companies such as Tesla Strong network activity, including a surge in active BTC wallets, a record mining hash rate, and an increase in the number of BTC whales, provides strong reasons for the Bitcoin bulls to be optimistic about 2022. According to crypto analysts, a BTC price level of US$100,000 has been a topic throughout the year and may become a reality in 2022. Although everyone believes that BTC looks set to hit a record high in 2022, there is still uncertainty about the time required to achieve this goal.
“The probability that Bitcoin will hit a record high in 2022 is very high because a new upward trend has been drawn this year. However, this prediction that ATH will be realized in the first half of this year is where things get tricky. Investors will naturally. Respond to the sentiment that the beginning of the year is ample time to occupy a place in cryptocurrency, take the train throughout the year, and make a profit later this year. Based on this, as countries impose new restrictions on Omicron variants, Investors may regard BTC as one of the best-performing safe-haven assets today, and we may see this trend happening because of the imminent economic crisis,” said the executive chairman of Ilman Shazhaev digital asset management company OneBoost.
Bitcoin network activity in the first quarter of 2022
BTC’s network activity in the first quarter of 2022 will set the tone for the rest of the year. According to Shazhaev, Bitcoin can reach the price level of $100,000 in the first quarter of 2022 only when its network activity jumps to the level reached in 2017. “Given the higher network activity of users on the Bitcoin blockchain in 2017, if network activity rises to these levels in 2022, the probability of reaching $100,000 this year will be higher,” Shazhaev added.
Judging from the current price level, Bitcoin needs to rise by about 110% in the first quarter of 2022 to achieve the goal of $100,000. In the long run, BTC has soared by nearly 120% in the first quarter of 2021.
100,000 USD in Bitcoin
Sven Wenzel, the co-founder of Castello Coin, based in Switzerland, believes that BTC is likely to reach $100,000 in 2022. “There are many ambitious predictions before the beginning of 2021. One of the prominent predictions is that the digital currency will be traded at $100,000 in ATH. There are only 24 hours left before the end of the year, and it is clearly impossible to achieve this prediction. However, it will be again in 2022. Many people think that a year of great price milestones will be ushered in. If the tokens rewrite history by printing a growth rate similar to the first quarter of this year, this feat may be rewritten. At that time, Tesla invested 1.5 billion US dollars to buy coins. “Wenzel said.
Uncertainty
Although Bitcoin bulls are optimistic about the future price trend of digital assets, there are still some uncertainties in Bitcoin. “We don’t know yet, many investors pointed out this price a few months ago, but we are completely uncertain. Also, the crypto winter is coming, so wait to see how the big whale moves BTC,” Roca Junyent’s blockchain Assistant Joaquim Matinero Tor commented.
“Anything is possible, although it seems unlikely to reach $100,000 by the end of the first quarter. We are seeing record highs in 2021, partly because retail investors entered the market and were subject to widespread hype around Bitcoin and mainstream media. Attention. In the past few weeks, we have seen a sharp decline in the market, and many retail investors have lost considerable amounts of money after buying Bitcoin during the recent price peak. The retail view of Bitcoin may take some time before Domination Finance’s Co-founder Adrian Kolody (Adrian Kolody) said that after the repair, so after the first quarter is more likely to be $100,000.
Marc P. Bernegger, co-founder of AltAlpha Digital, believes that more institutional investors will enter the Bitcoin space in 2022. As a result, the 100,000 USD/BTC situation will become even stronger. “Bitcoin’s short-term prospects are always difficult, but I definitely think that $100,000 is the next important milestone. There are still a large number of first-time Bitcoin investors joining the field, and 2022 will further attract institutional investors to digital assets,” Bernegger Commented.
With high volatility, institutional adoption and record price levels, 2021 will be remembered as one of the most important years in Bitcoin history. The price of the crypto asset started this year at US$29,000, and it climbed to a record high of US$69,000 on November 8, 2021. Since then, the digital currency has been in a downward trend. The current trading price of BTC is close to 47,000 USD, it seems Cryptocurrency It will be less than $50,000 at the end of the year. Even after recent adjustments, Bitcoin’s 65% increase in 2021 still makes it one of the best performing financial assets in the world.
However, the price increase of BTC is not the only reason for BTC supporters to celebrate.Institutional adoption From companies such as Tesla Strong network activity, including a surge in active BTC wallets, a record mining hash rate, and an increase in the number of BTC whales, provides strong reasons for the Bitcoin bulls to be optimistic about 2022. According to crypto analysts, a BTC price level of US$100,000 has been a topic throughout the year and may become a reality in 2022. Although everyone believes that BTC looks set to hit a record high in 2022, there is still uncertainty about the time required to achieve this goal.
“The probability that Bitcoin will hit a record high in 2022 is very high because a new upward trend has been drawn this year. However, this prediction that ATH will be realized in the first half of this year is where things get tricky. Investors will naturally. Respond to the sentiment that the beginning of the year is ample time to occupy a place in cryptocurrency, take the train throughout the year, and make a profit later this year. Based on this, as countries impose new restrictions on Omicron variants, Investors may regard BTC as one of the best-performing safe-haven assets today, and we may see this trend happening because of the imminent economic crisis,” said the executive chairman of Ilman Shazhaev digital asset management company OneBoost.
Bitcoin network activity in the first quarter of 2022
BTC’s network activity in the first quarter of 2022 will set the tone for the rest of the year. According to Shazhaev, Bitcoin can reach the price level of $100,000 in the first quarter of 2022 only when its network activity jumps to the level reached in 2017. “Given the higher network activity of users on the Bitcoin blockchain in 2017, if network activity rises to these levels in 2022, the probability of reaching $100,000 this year will be higher,” Shazhaev added.
Judging from the current price level, Bitcoin needs to rise by about 110% in the first quarter of 2022 to achieve the goal of $100,000. In the long run, BTC has soared by nearly 120% in the first quarter of 2021.
100,000 USD in Bitcoin
Sven Wenzel, the co-founder of Castello Coin, based in Switzerland, believes that BTC is likely to reach $100,000 in 2022. “There are many ambitious predictions before the beginning of 2021. One of the prominent predictions is that the digital currency will be traded at $100,000 in ATH. There are only 24 hours left before the end of the year, and it is clearly impossible to achieve this prediction. However, it will be again in 2022. Many people think that a year of great price milestones will be ushered in. If the tokens rewrite history by printing a growth rate similar to the first quarter of this year, this feat may be rewritten. At that time, Tesla invested 1.5 billion US dollars to buy coins. “Wenzel said.
Uncertainty
Although Bitcoin bulls are optimistic about the future price trend of digital assets, there are still some uncertainties in Bitcoin. “We don’t know yet, many investors pointed out this price a few months ago, but we are completely uncertain. Also, the crypto winter is coming, so wait to see how the big whale moves BTC,” Roca Junyent’s blockchain Assistant Joaquim Matinero Tor commented.
“Anything is possible, although it seems unlikely to reach $100,000 by the end of the first quarter. We are seeing record highs in 2021, partly because retail investors entered the market and were subject to widespread hype around Bitcoin and mainstream media. Attention. In the past few weeks, we have seen a sharp decline in the market, and many retail investors have lost considerable amounts of money after buying Bitcoin during the recent price peak. The retail view of Bitcoin may take some time before Domination Finance’s Co-founder Adrian Kolody (Adrian Kolody) said that after the repair, so after the first quarter is more likely to be $100,000.
Marc P. Bernegger, co-founder of AltAlpha Digital, believes that more institutional investors will enter the Bitcoin space in 2022. As a result, the 100,000 USD/BTC situation will become even stronger. “Bitcoin’s short-term prospects are always difficult, but I definitely think that $100,000 is the next important milestone. There are still a large number of first-time Bitcoin investors joining the field, and 2022 will further attract institutional investors to digital assets,” Bernegger Commented.
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