Bitcoin in 2022.. What is the fate of the cryptocurrency?
What is the fate of cryptocurrency?
Bitcoin in 2022
It became clear the big trend to invest in Bitcoin,(cryptocurrency) especially in the past year 2021.This currency became legal in many countries such as El Salvador, and other countries began to follow in the footsteps of this country.
In addition to the entry of "Wall Street" in this field strongly, with many traded investment funds.Many of those who were enemies of Bitcoin turned into allies.
Bitcoin: had a very good year in 2021, and the entire crypto market was valued at around $2 trillion in value.However, according to some experts, this year will witness fluctuations in the value of this currency.
Titled “Is 2022 the year Bitcoin proves itself on the global stage?”, this writer predicts the fate of cryptocurrencies in 2022 in light of the world’s geopolitical fluctuations.
- This year, 2022, maybe the year when Bitcoin really gets the spotlight. And 2021 was like the year cryptocurrency was born.
- Bitcoin launched from its three-year bear market, in November 2020, on a massive rally.
And despite the increasing pressure on its promoters, Bitcoin has moved from fringe technology to the forefront of the field of tech investors.
Decentralized finance (Defi) projects, with or without a bad intention, have proliferated very quickly.
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- But 2021 was just the beginning of the real economic confrontation in 2022, between the great powers.
- It is clear that the old order is failing, and the way it has failed will direct geopolitical tensions around the world.
These tensions will take center stage as the giants of that archaic financial and political system fight for dominance over shrinking capital.
And in the middle, Bitcoin stands ready to play the vital role as a refuge for potentially trillions of capital seeking a safe haven from that storm.
2021: The year of the failure of "Davos" The writer sees:
"Davos" is a group of globalization centered around the World Economic Forum that meets every year in Davos, Switzerland to discuss the direction its members will take around the world. Davos is a cartel of "power brokers".
Individual desires outweigh group goals, and the cartel weakens when the benefits of attendance fall within the personal risks of the members.
Wall Street's embrace of bitcoin has been one of those loopholes, as it has pressured reluctant politicians to block important legislation designed to put the United States in a mixed position in the pursuit of global capital.
In 2022, the stage is set for the biggest shift in geopolitical power in decades, since the fall of the Soviet Union. The lame-duck in this great power struggle is the European Union, where Davos wields the most influence and control.
Bitcoin in 2022
All Davos' strategies rely on using regulations and legislation to force capital to flow where it wants (EU) and far away (US/China).
But the important thing that will happen is that Bitcoin, along with gold, will confirm that they are the first assets of a world that is chaotic in all its forms.
Trade-in both gold and cryptocurrencies will be volatile and choppy, as daily US dollar funding needs will create up and down moves, and the Federal Reserve will defend the dollar. Bitcoin will also peak, and will likely fall later in the year as the crisis in Europe reaches its climax. So, Bitcoin's four-year cycle is asserting itself, and it will be a pitched battle.
Bitcoin in 2022
During the height of the unfolding crisis, Bitcoin should be the asset of choice for investors. The foundation for this coin was laid in 2021.
And 2022 is the year to devote to their use. As for capital that cannot move into bitcoin and for central banks that need to diversify reserves, gold will remain their favorite. And gold will play the Bitcoin catch-up game in 2022.
Experts predict a decline in the value of Bitcoin in 2022.
CNBC's global website provided a look at the biggest analyst predictions for the future of cryptocurrencies this year. These predictions center around the belief of some experts that Bitcoin will witness a sharp decline in the coming months.
The cryptocurrency jumped to a record high of nearly $69,000 in November 2021 and is now worth just under $50,000, down nearly 30% from its peak. said Carol Alexander, Professor of Finance at the University of Sussex.
؛University of Sussex International Study Center؛
It expects Bitcoin to reach $10,000 in 2022, which will virtually wipe out all of its gains in the past year and a half.
She warned that history is repeating itself, as in 2018, Bitcoin tumbled nearly $3,000 after rising to about $20,000 a few months ago.
- “When retail investors begin to realize the risks of Bitcoin trading, especially in unregulated trading venues, they will switch to other currencies belonging to blockchains that actually play a fundamental and essential role in decentralized finance,” Alexander says.
- It is expected that, at this time in 2022, the market value of Bitcoin will decline significantly, and it may be equal in value to (Ethereum and Solana), or even less than it.
Todd Lowenstein, the chief equity strategist at Union Bank, said:
“Without a doubt, the Bitcoin price chart appears to be tracing many traditional asset bubbles, but this time it has a different narrative.
However, the community is not convinced that the crypto party will end this 2022.”
With the development of the cryptocurrency industry, the market share of Bitcoin has diminished, with other digital currencies such as Ethereum playing a much larger role. Analysts expect this to continue in 2022.
