The analyst predicts that the crypto bull market will reach ‘unsustainable’ hype levels in 2022. As a guest of the popular crypto channel Coin Bureau, the analyst reveals his predictions for how the crypto bull run may end in 2022 and his predictions for Bitcoin. Detail Cryptocoin. com
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Bitcoin and others
The analyst known as Guy says that a bear market will start, but only if one or one of a few key factors materializes. On the subject, the analyst says:
The first condition is some kind of catalyst that will create an insane amount of hype and push crypto prices to unsustainable highs like the endorsement of a spot Bitcoin ETF. I say this because the BTC peak in the previous bull market occurred the day Bitcoin futures started trading on the CME in 2017. This is highly likely to happen again with a spot-Bitcoin ETF, and proof of this is the record amount of entries we saw in the first Bitcoin Futures ETF when it was listed in the US.
The analyst is also concerned about how the regulation will affect the future of cryptocurrencies in more than half a dozen ways. He tells the analyst:
A pressure on Tether [USDT], a pressure on stablecoins in general. A crackdown on crypto developers due to poorly worded provisions in the recently passed infrastructure law, and a crackdown on crypto miners and validators for the same reason. Pressure on crypto wallets to fight money laundering. A push for DeFi for the same reason. A crackdown on crypto mining due to environmental concerns [and] energy scarcity.
Looking at the metaverse, Guy follows up on a previous discussion about the nascent crypto industry. He thinks the recent institutional interest in the market is a sign of increased expansion and momentum. According to the analyst, the Metaverse storm will continue with the growth of NFTs, blockchain games, and other crypto niches falling under the same umbrella. They will also drive institutional-grade cryptocurrency adoption.