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What brought Bitcoin to the $ 100,000 mark? – Interactivecrypto

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Last November marked an important milestone for cryptocurrencies and thus also for Bitcoin. It was the first time Bitcoin price hit the $ 68,000 mark. Unfortunately, this was short-lived as it fell below $ 50,000 in early 2022, where it has stalled until now.

However, its most recent peak marks a huge surge for crypto, which started at $ 30,000 in January 2021. The recent drop in prices did not come as a surprise to its enthusiasts, as Bitcoin prices are known to fluctuate from day to day and sometimes minute to minute.

For example, it started at $ 45,000 in December 2021 before rising to $ 50,000 by December 23.

Despite its volatility, many crypto experts believe that the price of a Bitcoin bubble will exceed $ 100,000 in 2022. On the other hand, no one is sure when this will happen. Its prices remain vulnerable to market factors compared to all other known asset classes.

Bitcoin Bubble Burst: What are the Price Predictions for 2022?

Conservative predictions too Bitcoin estimate it could hit $ 100,000 in early 2023. Even so, some experts remain optimistic, and most predict that it could hit that mark in the first quarter of 2022 or even much earlier.

Other experts have refused to speculate on when this might happen and have chosen to focus on the importance of the crypto bubble. Members of this group have cited its ability to increase in value over time as one of its key benefits.

According to Jurrien Timmer of Fidelity Investments, Bitcoin investors should expect Bitcoin prices to continue to rise. Thanks to organic market movements, the $ 100,000 mark will stay in close proximity as value increases.

Jurrien notes that crypto can experience some volatility in the short term and steady growth over the long term. Below are some of the notable predictions made by reputable Bitcoin investors.

Ian Balina

Viewpoint: Founder of Token Metrics – a crypto research and media company.

Prediction: Bitcoin will cross the $ 75,000 mark by December 2021 (already passed)

Why: The specs available show that the $ 100,000 mark isn’t all that far away. Balina believes that investors should take a more conservative approach.

Mathew Hyland

Point of view: blockchain and technical analyst

Forecast: $ 250,000 by the end of January 2022

Why: Bitcoin hitting $ 100,000 will catalyze a new uptrend and help answer the question, “When is the next crypto bull run?” according to a post he shared on his Twitter feed. He supports that statement with Bitcoin’s 150% move in 2017, when its prices rose from $ 8,000 to $ 20,000 in the immediate aftermath of the Thanksgiving holiday.

Robert Breedlove

Point of view: CEO and founder of Parallax Digital, a marketing and consulting company for digital assets.

Forecast: $ 307,000 by late October 2021 (already approved) and $ 12.5 million by early 2031.

Why: The 2022 crypto bull run predictions show that inflationary pressures caused by the COVID-19 pandemic will drive more people to care about cryptos. This pressure will help increase the value of Bitcoin, allowing it to rise higher than previous estimates. In an interview held last year, Breedlove noted that Bitcoin’s recent “halving” could result in a price spike that is common after such events.

Although most of the bitcoin predictions come from crypto insiders, they aren’t the only ones making predictions. Large financial firms, such as JP Morgan, have also made their own predictions, many of which are based on the Bitcoin bull run story.

According to financial experts at JP Morgan, Bitcoin could hit a high of $ 146,000 in 2022.

Professional investment tip for Bitcoin investors

While it is estimated that Bitcoin could break the $ 100,000 mark, you should still focus on developing your overall investment portfolio. Protect yourself from a bitcoin bubble bursting by investing in:

  • Your retirement account (s)
  • Emergency savings
  • Passive index funds

Why is Bitcoin Booming Today – What Affects Its Prices?

Bitcoin prices, like all other investments and currencies, are influenced by common economic factors. Examples of such factors are:

  • Scarcity
  • supply and demand
  • Market events
  • The message cycles
  • Public feeling

Given that it is an emerging asset, there are other factors that can affect its value and cause a bitcoin bubble to burst. They include:

1. The scarcity of bitcoins

There are around 18 to 19 million BTCs in circulation today. Bitcoins are expected to stop minting once there are 21 million coins. Crypto experts all agree that its scarcity is one of the things that helps make it attractive to its enthusiasts.

According to Alexis Johnson, the president of Light Node Media, an events and blockchain PR company, Bitcoin has a steady supply but a rising demand. Others believe that crypto has value because people give it value.

Because of this volatility, many financial planners insist that investors only invest 1% to 5% of their investment portfolio in Bitcoin and other crypto assets. This is the only way to protect yourself from volatility.

2. Mainstream adoption of Bitcoin and other crypto assets

The rate at which consumers are adopting crypto assets has also helped increase the value of BTC. If you look at the history of the Bitcoin bull run, you will find that consumers have embraced crypto assets faster than the internet.

As it continues to be adopted by more people, this acceleration can help its value grow higher and higher. According to financial data from CoinShares, the digital asset management company, consumers are using Bitcoin at an annual rate of 113%.

Likewise, consumers were using the Internet at an annual rate of 63%. If people keep adopting Bitcoin at this rate, it will have a billion users by 2024. The user base will reach 4 billion users by early 2030.

3. Regulation of the crypto industry

Federal officials in the US have shown that they are closely monitoring everything that happens in the crypto industry. In addition, the president recently signed an infrastructure law requiring all cryptocurrency exchanges to notify the IRS of their transactions.

Finance Minister Janet Yellen also stated that stablecoins should be subject to federal supervision. While this conversation remains sketchy, it is clear that federal oversight and regulation will affect Bitcoin prices.

For example, prices fell in September 2021 when China banned it. Even if regulation has evolved over the past few years, there is always a chance that regulators will reverse their decisions.

It’s not uncommon for them to change their minds.

4. Mining cycles including halving

Another factor likely to impact prices is what industry insiders refer to as the halving. The process is algorithmic, which makes it even more complicated. The halving results in the BTC transactions being split in two.

When it completes, it affects the rate at which new coins are allowed to circulate in the market. Depending on how it’s done, it can have a significant impact on the predictions of the 2022 crypto bull run and its overall value.

A look at past halving cycles shows that they are correlated with burst and boom cycles. Bitcoin experts often try to predict these cycles up to 24 hours after a halving process has ended.

When is the next Crypto Bull Run – what you need to know

As with all investments, crypto experts advise against allowing price fluctuations as a decision aid. Typically, those who invest in ETFs and passive index funds do better over time.

For this reason, you shouldn’t invest more than 5% of your portfolio in crypto. Crypto investments should only make up a small percentage of your portfolio. And yet you are trying to pursue a passive investment strategy in order to capitalize on the Bitcoin bubble in 2022.

Since bitcoins are still new, try to see how the predictions of the crypto bull run 2022 play out before putting all your money on the line. Visit Interactivecrypto today to learn more about cryptos, bitcoin, finance, and forex signals.

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