Tom Lee, managing partner at Fundstrat Global Advisor, recently said that he expects the price of Bitcoin to rise to between $15k and $50k by 2022. He cited several factors for this prediction, including current investors shifting over to cryptocurrencies and new regulations that legitimize the digital asset sector. In addition, he says that current investors in the US should invest in BTC now as they could see a large movement towards it in the future.
Regardless of the causes, it’s important to remember that cryptocurrency is a volatile investment and can fall drastically at any time. Some experts believe that BTC will be valued at $50,000 in 2022, while others expect the price to reach as high as $170,000 in the following year. There are also many extreme skeptics who believe that the price of Bitcoin will drop to $10,000 in 2022. Either way, the long-term price prediction for BTC is a good one. But before investing in BTC, keep in mind that there’s a risk that the price will fall to as low as $30,522 by the end of the year.
A trend towards lower crypto asset prices and increased volatility has slowed in the past two months. While Coinbase did not expect the current conditions to last, they do expect that the trend will likely continue for some time. Bitcoin currently trades at $31,000 per dollar, which is half of what it would have been in November 2021. Ethereum has since matched Bitcoin’s 13 per cent price drop over the last week. The price of other leading cryptocurrencies is even worse than Solana predicted.
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