When we talk about cryptocurrencies which is the one currency that always comes to mind? I am pretty sure it is Bitcoin since it is a very famous cryptocurrency. It is the very first decentralized currency based on blockchain technology. Just like any other cryptocurrencies, the value of Bitoin also keeps on fluctuating. As of October 20, 2021 the coin broke its record again, setting a new all- time high of $66,930.39. In today’s article we will go through the predictions made by the experts about the value of Bitcoin in 2022.
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Bitcoin Price 2021
Before diving into the Bitcoin price prediction in January 2022, let us understand the price history of it in 2021. The year 2020 definitely started with a bad news when the value of the cryptocurrency fell from over $10,000 to $4,000 due to the global pandemic from February to March. But the year 2021 saw an upsurge in the price of it though there were some downfalls as well. In February 2021, Elon Musk tweeted about Bitcoin and the next day the price of it skyrocketed by 11%.
Also $1.5 billion worth of Bitcoin was purchased by Tesla in SEC filing, driving the price over $48,000. With the Coinbase, a cryptocurrency exchange going public, the price of Bitcoin reached an all- time high of over $60,000 in April 2021. But the price went down by 50% in summers hitting $32,000. But as we the price keeps on fluctuation, the price of Bitcoin hit an all- time high of $69,000 on 10th of November, 2021. There are various factors that lead to such fluctuations including minig rate and its supply and demand.
Price Prediction In January 2022.
Currently running at the price of $49,319.56, Bitcoin increased by 0.32% in the last 24 hours with a amarket cap of $932.84B. But what will be the price of it in January 2022? It can not be said for sure but ceratin predictions have been made.
According to the founder and partner at Morgan Creek Digital, Anthony Pompliano, the price of Bitcoin will reach $250,000 in January 2022. So is predicted by Mathew Highland who believe the new large investors will have a major role in how the price action unfolds during the current halving cycle.
A New York- based public accountant, Kate Waltman predict the price of Bitcoin to reach $100,000 in January 2022. Others have rather predicted the trend of increasing value over time. They believe the year 2022 is going to see an increasing rate in Bitcoin price.
Note:- Kindly take advice from your financial adviser before taking any financial risk. Evedonusfilm does not provide any financial, legal, or accounting advice.
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