Bitcoin Price Prediction 2022: Crypto Experts Make BTC Predictions For The Year To Come

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Bitcoin rebounded from record high prices to record lows in 2021, during one of the most tumultuous times in cryptocurrency history.

The ups and downs were sparked by nationwide crackdowns, nation-state adoption, the condemnation of top investors like Peter Schiff, and Elon Musk’s endorsements.

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Platforms like PayPal have opened up crypto to hundreds of millions of retail investors, while the launch of the very first bitcoin ETF on the New York Stock Exchange has attracted a new legion of professional traders.

So what’s in store for 2022? Could a long-awaited Bitcoin Spot ETF see prices turn parabolic as more traditional investors join us? Or could mainstream adoption grow exponentially as more countries and businesses open up to crypto? Or could it all collapse like in 2013 and 2017 and usher in a crypto winter?

We have put together a range of experts to hear their predictions and forecasts for the coming year. They include: Marcus Sotiriou, analyst at GlobalBlock, a UK-based digital asset broker; Steve Ehrlich, CEO of the Voyager Digital cryptocurrency platform; and Alexey Kirienko, CEO of investment firm EXANTE.

Is Another Crypto Winter Coming?

Marcus Sotiriou: “In my opinion, we won’t have another crypto winter like after 2017. This is because the main difference between the market today and yesterday is that so many institutions are involved in space now. Access to retail has been made considerably easier thanks to PayPal and Square offering crypto products to their customers, as well as institutions investing for their own balance sheet. This means that the structure of the market is completely different. The proportion of retail investors is lower, who are more likely to panic and sell their investments when sentiment is bearish. “

Steve Ehrlich: “I think the markets will have their ups and downs next year, the highs outweighing the lows. My best guess is that the next true bear cycle is more distant, probably not before 2023. Adoption is too far advanced this time around, which can avoid and limit downside volatility.

Alexey Kirienko: “The early parts of 2022 could see cryptos struggling amid concerns about the overall macroeconomic backdrop, with Covid-related uncertainty and inflation both remaining high, and central banks are unsure whether they should be aggressive to fight inflation or remain patient … But as crypto prices have become relatively cheap in recent weeks and given the continued high appetite for cryptos on the part of consumers and institutions, buyers in drop will want to take advantage of low prices. While it’s impossible to say when exactly the tide will turn positive, we believe it will be around the start of the second quarter. “

Where is the price of bitcoin heading in 2022?

MS: “Rather than focusing on the price of bitcoin in a year, I’m more interested in the price of bitcoin in five to ten years where I can see bitcoin hit $ 500,000 within that time frame, but that wouldn’t surprise me. not to see bitcoin above $ 100,000 by the end of 2022.

SE: “Next year is crucial for bitcoin. As the oldest and most well-known cryptocurrency, like it or not, bitcoin is the “face” of crypto in the world. When bitcoin hits new highs, it attracts a lot of attention and price action across the crypto markets. So I’ll start with my forecast for the price of bitcoin: bitcoin will reach and exceed $ 100,000 in 2022. “

Best altcoin in 2022?

MS: “I think the top performing Layer 1 altcoin in 2022 will be Cosmos (ATOM), due to the significant adoption of major assets currently, like Binance Chain, OkEx, Crypto.com, Terra (LUNA) Binance Chain (BNB), Crypto.com (CRO), OkEx Chain (OKEx) and Thorchain (RUNE). Cosmos manages over $ 175 billion in digital assets. I believe the Cosmos ecosystem will continue to thrive in 2022 which will help attract value for the ATOM token. “

SE: “The Avalanche is a platform I have my eye on. I think the markets are just starting to notice that scale, speed and efficiency are already present and flourishing with Avalanche. As other platforms grapple with the surge, there will be investors and users flocking to platforms that can handle the throughput. “

AK: “While we expect DeFi to continue to grow in popularity, the Metaverse is the big news. It has the potential to radically change the way people interact online and has enormous potential for businesses to advertise their products in a new virtual environment. The possibilities are limitless.”

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