According to analysts, 2022 will be defined by ‘agility and cost-efficiency rather than ‘blockchain purity.’
In addition to the BTC price reaching $100,000, economists predict that the cryptocurrency market will shift toward “cost-efficiency” and “agility” in 2022.
The cryptocurrency sector as a whole made significant gains toward general acceptance in 2021, and now that the year is nearly over, analysts are establishing their price expectations for 2022.
Many analysts backed demands for a $100,000 (BTC) price by the end of 2021, and while this is implausible, most investors believe the crucial price level will be reached before the second quarter of 2022.
Here are some of the Bitcoin price forecasts for 2022, according to analysts.
Bitcoin is still on course to break the $100,000 barrier.
Analysts have been more hesitant to make rash Bitcoin forecasts since PlanB’s stock-to-flow model mistakenly forecasted a $98,000 BTC price by the end of November, despite the model being spot on from August to October.
While some traders are already doubting the veracity of the stock-to-flow pricing model, crypto expert and pseudonymous Twitter user ‘DecodeJar’ believes BTC will surpass the $100,000 price threshold over the next few months and might reach $250,000 by the end of 2022. Based on Elliot Wave extensions and Fibonacci retracement levels, DecodeJar predicts Bitcoin will reach a “conservative price objective” of $190,233 by June 7.
Regulations will be implemented in 2022.
David Lifchitz, managing partner and chief investment officer of ExoAlpha, provided insight into the future of the whole cryptocurrency ecosystem, stating that cryptos will still be present in 2022″ in the sense that “governments will not outlaw them.
Instead, according to Lifchitz, they want to control them to keep cryptos on a tight leash compared to fiat currencies and also regard them as a source of taxation money to refill their coffers.
Lifchitz projected that as the DeFi ecosystem grows and develops new capabilities, banks and insurance firms would be compelled to adjust their business models in order to remain competitive, while middle-man enterprises are more at danger as they are made redundant by DeFi.
Concerning the NFT craze, Lifchitz raised misgivings about the sector’s capacity to maintain its lightning-like rate of expansion, and he highlighted some of the deeper issues that authorities may have moving ahead.
Regarding the hype surrounding the emerging Metaverse, Lifchitz stated that, while it appears that we are on our way to a future that could resemble scenes from the film Ready Player One, where people take refuge into a virtual world because their real world is terrible, our world is still years away from that.
