As we near the end of 2022, Bitcoin’s price is likely to stay stable and above $7,000 per coin. However, it’s unlikely that Bitcoin will hit $100,000 per coin by that date. To achieve this, the cryptocurrency will need to see increased demand from institutional investors and retail buyers. It will happen once they establish regulatory clarity. Ultimately, whether Bitcoin hits $100k per coin by 2022 will depend on factors. Read on this topic about how you will overcome the fear during your crypto investment of such great value.
The scarcity of Bitcoin is a real issue for the digital currency, and the price of the cryptocurrency will likely increase in the years to come. The supply of bitcoin is limited, limiting 21 million coins. This limit cannot be changed, so there is a finite supply. However, the miners are slowly making new bitcoin available, increasing the overall scarcity. This scarcity is not entirely unavoidable.
As the number of people interested in Bitcoin grows, it becomes a good time to buy. Buying Bitcoin (BTC) is a great opportunity for investors, but it will take time for its price to rise. Using comparisons to other asset classes will help you understand why investing in digital currency is a good time. The scarcity of Bitcoin (BTC) is a good thing for investors, as long as they are patient enough to wait for the price to rise.
Growth potential
Many investors are looking to Bitcoin’s (BTC) growth potential as an investment, primarily because of its use cases. Major payment systems accept Bitcoin, and many small retailers are looking to roll out bitcoin payment systems. However, investors often look to Bitcoin’s past performance to indicate future growth potential. The question is, can the bitcoin (BTC) price continue to grow and thrive? Or is it too risky?
Bitcoin (BTC) price volatility is often very high, especially in periods of great enthusiasm. The price volatility in those periods is characterized by large and concentrated upward movements. However, as time passes, volatility tends to decrease, reverting to levels observed around a year ago, even less so than in the past five years. In late 2013, the volatility was much higher than today. Its 30-day and 60-day volatility are both down and decreasing, respectively.
In 2009, Bitcoin (BTC) slowly increased in value relative to the U.S. dollar during its first appearance. Between 2015 and 2017, Bitcoin experienced a 9,000 percent growth rate, reaching an all-time high of nearly $20,000, with sharp corrections after each all-time high. While there are still doubts about the growth potential of Bitcoin, it is clear that the cryptocurrency market is going to continue growing. Many people believe that it’ll reach $6 trillion by 2030.
Uncertain regulatory environment
Experts recently stated that Bitcoin( (BTC) could reach a $100,000 valuation shortly despite an unsettling regulatory environment. The investment bank analysed historical data on the value of Bitcoin as a store of value and concluded that its use extends beyond the storage of wealth.’ While the cryptocurrency market is much larger than the gold market, comparing its market cap to the latter may help investors predict its future returns.
In addition to its low price, most analysts believe that the price of Bitcoin (BTC) will continue to rise in the near term. The Wallet Investor predicts a price of $150K in five years, while Digital Coin Price believes that it will hit $100K by 2027. While many analysts think the price of Bitcoin will hit that mark shortly, some remain skeptical.
Final Words
Bitcoin (BTC) volatility depends on the volume generated by traders, who generate that volume, and why they are trading in the first place. Volatility tends to be low when informed traders trade in a range of prices.
Also, Bitcoin (BTC) volatility depends on the Exchanges that allow investors to withdraw their funds, a key factor in determining the cryptocurrency’s price. This has been the subject of theoretical and empirical studies focused on the price-volatility relationship in the bitcoin (BTC) market.
