BITCOIN EXPERT PREDICTIONS PLUS
BITCOIN EXPERT PREDICTIONS TV

Tulip mania is often used to describe speculative assets. “It’s a modern day tulip mania,” Johnson added, referring to when a Dutch society became frenzied around exotic tulip bulbs and spent tons of money buying them up with hopes they could then sell them. Robert Johnson, professor of finance at the Heider College of Business at Creighton University, previously told Money that 2022 will be the year the crypto bubble starts to deflate. Of course, not everyone is so bullish on Bitcoin - or cryptos in general. Just this week, the founder of the cryptocurrency lender Nexo told CNBC's “Street Signs Asia” that Bitcoin could surge to $100,000 by as soon as mid-2022. Fidelity’s Director of Global Macro Jurrien Timmer has said Bitcoin could hit $100,000 by 2023. In September, the cryptocurrency research team at the U.K.-based bank Standard Chartered predicted Bitcoin will double in value by early this year, and could even hit $175,000 in the long term. In February of 2021, Anthony Scaramucci, head of the investment advisor SkyBridge Capital and the former White House Director of Communications, told Yahoo Finance, that Bitcoin could reach $100,000 within 12 months.

BITCOIN EXPERT PREDICTIONS TV

Matt Hougan, the chief investment officer of Bitwise Asset Management, told Bloomberg TV in December that Bitcoin could hit $100,000 in 2022. There may be other fees associated with trading. residents 18+ and subject to account approval. Toward the end of December, Bitcoin was up 69% for the year - which is impressive, but not nearly as high as the rise of other trendy investments like Ether (up over 400%) and GameStop (up over 700%).Ĭrypto experts have always speculated where Bitcoin's price will go next, and some say that $100,000 could happen sooner rather than later. It then ended 2021 at around $47,000 per coin. Bitcoin lost 50% of its value between April and July of 2021, before surging to an all-time high of above $68,000 in November. The price of the original and most popular cryptocurrency yo-yos at a dizzying pace, and all cryptos continue to be risky and highly speculative investments.

Hypothetically, Pandl added, if Bitcoin's share of that market were to rise to 50% over the next five years, its price would rise to just over $100,000.

BITCOIN EXPERT PREDICTIONS PLUS

The 'store of value' here refers to how much the investors own of gold for investment purposes plus how much investors own of Bitcoin. However, if the country decides to draft and enforce new legislation or if its banks are successful in their attempts to create an alternative cryptocurrency, bitcoin's value could suffer.Bitcoin's price continues to prove impossible to forecast - but a rise to $100,000 per coin is becoming a very popular prediction.Īs digital assets become more widely popular, the original and most popular cryptocurrency will take market share from gold, Goldman Sachs analyst Zach Pandl wrote in a research note to clients on Tuesday.īitcoin currently has a roughly 20% share of the 'store of value' market, Pandl wrote. Bitcoin is already very popular in the Asian nation, and it appears set to grow even more so thanks to relaxed regulation. He holds the opinion that regulation is unavoidable, as governments are going to want to keep an eye on transactions to cut down on tax evasion and other crimes. According to the economist, governments could end up crippling the currency's value if the current 'free-for-all' crypto landscape changes too much or too quickly. However, a variety of competing alt-coins and tokens have emerged in recent years, with the likes of ether and ripple quickly establishing themselves within the crypto market.Įxternal competition isn't the only reason Rogoff believes bitcoin will collapse, though. Bitcoin was once the only cryptocurrency with any real cachet, and it's still the most popular.

Bitcoin expert predictions