2021 was an extremely volatile year for Bitcoin. It saw extreme highs but also extreme price drops. The price volatility at the start of 2022 has also been a lot, with it climbing above $ 45,000 for the first time after a long month on the 27th of March and $47,000 on the 30th of March. It can be bought and traded on websites like Bitcoin Prime, which guarantees profitable returns to investors. Despite this volatility, experts predict that Bitcoin will continue to rise. Here are some predictions about BItcoin in 2022 to help you decide if you should opt to invest in it in 2022. So, make sure you stick with us until the end. You can easily buy bitcoin if you have money for investment.
Bitcoin Prices Will Hit The $1,00,000 Mark
Many investors and experts continue to think that Bitcoin will hit the $1,00,000 mark next year. Many think it will hit the mark but do not specify a timeline. The volatility of Bitcoin is not a new concept to the Cryptocurrency market, so that is not a factor that discourages investors and experts. Some experts think that the downs that Bitcoin has had to face in 2021 and the start of 2022 will be outweighed by its highs in 2022. They consider Bitcoin to be the face of the Crypto market and assure that it will cross the $100,000 mark. So, considering investing in Bitcoin can earn you great profits if it hits new highs. As such, this makes Bitcoin still a great option for investment in 2022. Read more about What is the Relationship Between Crypto Blockchain Technology and the Banking Sector?
Bitcoin Will Become Even More Popular
Among the several predictions for Bitcoin in 2022, one common prediction is that a constantly increasing number of people will adopt Bitcoin. One prediction even said that more than 500 million people would be investing in Bitcoin by 2022. The main reason behind these predictions is that countries and their Governments are focusing on Cryptocurrencies and are seeking regulatory clarity in their case.
The regulatory attention that Bitcoin and Cryptocurrency are gaining from the countries can turn its way, like in El Salvador, where Cryptocurrency trading is legal, and Bitcoin is accepted as a legal tender. As more and more countries continue to make decisions about Bitcoin and Cryptocurrencies, the number of people investing in them increases. This attention will lead to more and more people learning about Bitcoin and investing in it. This makes it a great option for investment in 2022.
The increased regulations for Cryptocurrencies can turn out one of two ways. It can either create barriers, or it will give investors a clear description when it comes to Bitcoin investing. In any two cases, clear regulation will only increase an investor’s confidence when investing in Bitcoin.
To conclude, it is still a great decision to invest in Bitcoin in 2022. Bitcoin has always been a volatile asset, so an investor who has researched the market well will extract their profit from the volatile Bitcoin prices.