The cryptocurrency market is now on the eve of the super-cycle of growth, so Bitcoin in the future can rise in price by 900 percent. About this founder Quantum Fintech Group Harry Jee told in Bloomberg interview. Record is available on YouTube.
According to his forecasts, this year the price of the most popular cryptocurrency can reach 400 thousand dollars. Such an outcome is possible if the Federal Reserve System (Fed) will continue to print money, and investors will use cryptoacivals as salvation from growing inflation.
On the other hand, at the end of 2021, Bitcoin lost its main competitor – Ethereum (Ether). The speaker of the ether turned out to be much better – 408 percent of growth versus 65 percent at Bitcoin. Investors began to choose “stelkins” more often, because they are less volatile than other cryptocurrency. Such a tendency may be preserved in 2022, analysts consider.
Survey JPMorgan Chase showed that by the end of 2022, the price of Bitcoin can grow to 100 thousand dollars per coin. In turn, the strategist of the bank Nikolaos Panigirzoglu believes that the fair price of cryptocurrencies is now from 35 to 73 thousand dollars.
His peak at 69 thousand dollars Bitcoin reached in November 2021, since then the cryptocurrency lost almost 40 percent of the cost. A sharp drop in cryptocurrency occurred in January 2022 against the background of events in Kazakhstan. During protest shares, the Internet has turned off there, and the country until recently was the second in the world in terms of mining. Also at the fall of the course, news from the USA was affected: the Fed announced the readiness to increase the interest rate faster and start doing it before.