It is a known fact that bitcoin was launched in 2009 and people started thinking that the price of bitcoin will increase day by day. But it crashed several times and many people lost their funds overnight. On the other hand, it also reached quite high value in the past year (2021). It reached 65,000 USD. It fell again though. So, there is no surety and one can lose their fund anytime. So, how would you keep your funds safe while you invest your funds in bitcoin? You need to know the recent trends about bitcoin and you have to keep your eyes on the future predictions done by the experts. If you are planning to trade crypto, you may visit https://bitcoin-sprint.org/ for more information about Bitcoin trading.
Here, you can find some future predictions about crypto:
The price of bitcoin is around $28,000 now and according to the experts, this price will be around $50,000 by the end of 2022. Apart from that, a huge change has been found in the technological aspects of the crypto market in recent years, and smart contracts, fees reduction and speedy networks have been initiated by the crypto inventors. According to the future predictions, the price of bitcoin can touch $100,000 in future.
According to Carol Alexander, professor of Sussex University, the price of bitcoin could fall at the end of 2022 because almost 30% of the price has been reduced in the past few months. The price of crypto has made a record at the beginning of the 2022 with $69,000, and it has been reduced with $50,000.
So, we can predict that the price of crypto can crash by the end of 2022. On the other hand, market analysts are predicting that the price of bitcoin can raise up to $100,000 by the end of 2023. Moreover, according to a report published in a leading newspaper, the price of crypto can touch the higher limit of $70,000 by the end of 2022.
More investors will adopt crypto by the end of 2022
A report published by The Ascent, Ric Edelman, founder of the Digital Assets Council of Financial Professionals, where they stated that more than 500 million people will buy bitcoin by the end of 2022. It is possible if there will be a clear regulation implemented by the government, and more industry will join this crypto ecosystem with this clarity.
ETF or the bitcoin exchange traded fund can be approved by the United States at the end of 2022. ProShares’ Bitcoin Strategy ETF has been approved by the Securities and Exchange Commission in 2021, and they can approve the ETF by 2022. Bitcoin and other crypto currencies will get a stable position in the market if they get this approval from the U.S Government.
Crypto market is based on a decentralised finance or DeFi structure and decentralised autonomous organisations have announced that they aim to maintain a financial structure without intervention of any middlemen or third-party services. According to the investors, DAOs can become a new internet community. Apart from bitcoin, investors are also looking for other crypto options such as Ethereum, Solana, Polkadot, and Cardano coins, and Carol Alexander stated that these coins and tokens will attract more investors by the end of 2022.
CNBC reported that Web.3 is the code structure of decentralised finance. Now, the online community and a major part of Web.3 has been occupied by the large organisations such as Meta, Apple and Amazon, and according to the technological experts, the blockchain systems as well as the crypto market will grab this position with their non-fungible tokens.
Meme coins will be disappeared:
If you have any idea about the crypto market then you have a fair idea about Shiba Inu, a famous mascot of Dogecoin. Apart from that, there are some meme coins available such as Squid in the crypto market, which are based on memes. According to the experts, these coins will disappear very soon.
It is expected that a clear regulation will be implemented by the government for the crypto currencies very soon and it will clear the grey part of this crypto world. Stablecoins has been launched to reduce the volatility of these crypto currencies.
Still, bitcoin and other crypto currencies are highly volatile and you need to keep your eyes on the recent trends before you invest in a digital asset.