Analysts explain their views on the path crypto will take in 2022, including Bitcoin price action and regulation. Red flags have been raised about NFTs, financial intermediaries, and non-regulatory altcoin projects. This year, the crypto markets have experienced tremendous growth, and now that the end of the year, analysts are offering their insights on what 2022 might bring for the Bitcoin and altcoin markets. we too Cryptocoin. com, we have compiled the analysts’ forecasts for 2022 for our readers.
100,000 dollars for bitcoin did not happen this year, luckily next year!
For one, many of these analysts were expecting a Bitcoin (BTC) price success of $100,000 or more by the end of the year, including renowned analyst PlanB. However, this seems unlikely at the moment. Currently, BTC is trading around $50,000. However, these commentators are still hopeful that such a feat could be achieved or even surpassed this year.
One of them is crypto analyst and Twitter user ‘DecodeJar’. For a conservative forecast, he gives the crypto leader an extreme projection of $190,000 and $250,000 price targets, basing them on Elliot Wave extensions and Fibonacci retracements:
Future price and time projections are a guide only. But combining this range with other indicators as it approaches could allow for a clean exit near the top. I prefer the more conservative side of the $190,000 scale.
Tighter regulations await us for bitcoin and altcoin projects
As for the fate of the crypto industry in 2022, ExoAlpha’s David Lifchitz thinks that “crypto will still be around in 2022” as “governments won’t ban them”:
They want to regulate cryptocurrencies in a way that keeps them on a tight leash against fiat currencies and also see them as a source of taxable income to fill their coffers.
According to David Lifchitz, with the growth and evolution of the decentralized finance (DeFi) sector, banks and insurance companies will have to adapt to remain competitive, and mid-level businesses will be more at risk as they are rendered unnecessary by DeFi.
However, David Lifchitz, Non Fungible Token (NFT) space, just as Dot. He sees it as a suitable area for a “parabolic price boom, then a drop,” like the com period. The analyst also notes that the craze associated with these digital collectibles raises concerns about their use in money laundering. Then there is Metaverse, a virtual space powered by crypto and decentralized technology. David Lifchitz shares these views:
Although it looks like scenes from the movie ‘Ready Player One’, where people take shelter in a virtual world because their real world is scary, he thinks our world is still years away from that.
More adoption will be on the way
Overall, Loukas Lagoudis from crypto hedge fund ARK36 firmly believes that the overall uptrend for the crypto market will continue into 2022. This, he says, will be driven by “the continued adoption of digital assets by institutional investors and their further integration into legacy financial systems.” He bases his view on the fact that especially institutional investors prefer “digital assets as reserve assets over gold” this year. He also notes that aspects of rising inflation and falling bond yields also contributed.
Jean-Marc Bonnefous, also from ExoAlpha, thinks the trend is increasing in favor of slightly more centralized blockchains that focus on performance, dApp development. This reflects a situation in contrast to previous trends, where more emphasis is placed on projects “focused on security, value storage, and more decentralized such as BTC and even the leading altcoin Ethereum.” Finally, the analyst shares his prediction:
Basically, the market seems to be going for business agility and cost efficiency rather than Blockchain purity, which is a big change from past years. This winning relative value trade is likely to continue into next year. .