Will Bitcoin reach $100,000 this year? Come listen to the experts

Bloomberg's Joanna Ossinger interviewed several experts in the digital space to make predictions for Bitcoin and the broader cryptocurrency market this year. The future of the digital world is also speculative.

Central bank policy emerges in the debate over digital currency for 2022, as the Fed adopted a hawkish policy last year, weakening cryptocurrencies and other assets that remain substantial majors.

How strict will Jerome Powell's Fed policy be on inflation? Some analysts say the answer to this question will determine whether Bitcoin will make another breakthrough after a 60% increase in 2021.

Another school of theory thinks that companies like meta (like Facebook), Apple, etc. all dig deep into the metaverse, and even macro business works, but consumers have permanent access to non-fungible tokens (NFTs). , the value of cryptocurrencies will increase further. Think NFT art that sold for $69.3 million at Christie's last year, and an unscrupulous group of cryptocurrency traders fought billionaire Ken Griffin for US legal justice. A copy of the NFT.

Below are four market analysts' estimates for the digital and global crypto world in 2022.

In 2021, Bitcoin (red) significantly outperformed the global stock market (blue).

optimistic about bitcoin

Katie Stockton, co-founder and managing partner of Fairlead Strategies, said in an email that "based on our long-term measurement-based metrics, we're excited about Bitcoin long-term,"

“We believe the long-term uptrend will continue when Bitcoin hits its new high of $90,000, and will come back later, for now, despite the short-term downside potential.

Fed and Metaverse

Anthony Trechev, managing director of cryptocurrency lender Nexo, said in an email: “The Fed has the guts to prevent a 10-20% drop in retail sales and a negative backlash in the currency market. sale, ”he said.

Trechev doesn't expect 2022 to be a big deal, but he predicts Bitcoin will hit $ 100,000 by the end of June. He doesn't expect to benefit much in 2021 from new blockchain platforms like Solana and Avalanche. "These new launches are full of quick and awesome explanations, but like Ethereum and other previous platforms, they face a measurement challenge."

He writes: "What attracted me to 2022 was the metaverse. The use of the words 'born' and metaverse is quite frustrating with a lot of potential. This will be one of the biggest for next year Metaverse, infrastructure, housing and DTVs will be a significant part of the economy in 2022.”

Pascal Bernardon photo by Unsplash

do not believe

Jeffrey Halley, Asia-Pacific Market Analyst at Oanda, said in an email: “We look forward to taking more advantage of the cryptocurrency space, but we are facing a more difficult year. in 2022 with advancements in technological measures. "" It looks like the Fed will start to keep interest rates unchanged and other big banks will follow suit.

“More and more control threats are hanging in the crypto space,” said Halley. “Frankly, with new digital results appearing every week, the 'next wave' has been driven by thinking more than a blockchain, and it's hard to see all of that.” That could be a big deal, I think. still that cryptocurrencies are the dumbest data in the history of financial markets. Beautiful communication may continue to be a part of 2022, but the Emperor will not change. . "

The emergence of a profitable digital application platform is expected over time

Philip Gladwell, CFO of blockchain analytics software Chainalysis, said in an email: “The competition in the cryptocurrency application market is just beginning. One of the main features of Web 2.0 is the user-friendly platform. I don't think that will change. “Currently, Web 3.0 does not have an encryption platform with built-in vendors from customers and vendors. By 2022, we expect more companies to compete to develop this platform. Coinbase took the lead as it involved financial divisions and NFTs. "