EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Crypto News

Bloomberg says that Bitcoin (BTC) still on course to hit $100,000 in 2022

Admin by Admin
December 13, 2021
in Crypto News
0
Bloomberg says that Bitcoin (BTC) still on course to hit $100,000 in 2022
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
MMC MMC

Bloomberg has released a report with a prediction that Bitcoin is expected to hit $100,000 by 2022.

A decline in price that will only be temporary? A new report from Bloomberg Intelligence estimates that 2022 will be “bullish” for Bitcoin (BTC) and that cryptocurrency is heading towards $100,000. Update on this prediction.

The global adoption of cryptocurrencies drove a breakthrough in digital assets.

The Bloomberg Intelligence report points to several factors that could favour a rise in the price of Bitcoin in 2022. The current landscape has been greatly changed since the start of the year: China has banned the mining of cryptocurrencies and previously confidential technologies. (non-fungible/NFT tokens in particular) have come to the fore.

As a result, for Bloomberg, cryptocurrencies will continue to gain traction and reach a wider audience next year:

“We expect the United States to seize cryptocurrencies in 2022, with real regulations and ‘bullish’ consequences on the price.”

The report notes that in 2021, the cryptocurrency industry began to decorrelate from the equity market. And if the separation is not yet clear, the trend will continue next year:

“The benchmark crypto, which is becoming a digital store of value, remains in a “price discovery” mode. As a result, Bitcoin will encounter initial difficulties if the stock market falls, but crypto could ultimately become a primary beneficiary.”

Bitcoin: a haven in the face of the falling dollar?

Bloomberg expects the Federal Reserve’s key rates to be raised over the year, which would help establish Bitcoin as a viable alternative to the dollar.

The analysis notes that a major driving factor for BTC will be the unlimited issuance of fiat currencies. As governments – especially the United States – inject money artificially to support a battered economy, Bitcoin and its cronies appear stronger:

“We expect wider adoption to prevail and outshine most issues, such as the nearly 50% fix seen in 2021.”

A Bitcoin at 100,000 dollars in 2022

Hence a somewhat optimistic price prediction from Bloomberg Intelligence. The analysis believes that recent movements in Bitcoin’s price are not a sign that it has peaked. Instead, it would be a phase of consolidation of the bull market, which extends over the longer term.

“Bitcoin appears to be on a path towards $100,000. We see Bitcoin heading into 2022 with a bull market that has taken a hiatus and has been renewed.”

Moreover, according to the analysis, the largest cryptocurrency will not be the only one to benefit from a positive year. Bloomberg Intelligence notes that the “three musketeers,” namely Bitcoin, Ether (ETH) and “crypto-dollars”, as he modestly calls them, will continue to find their way into investor portfolios.

 

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: BitcoinBloombergcryptocurrencies
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

WhatsApp launches cryptocurrency payment service thanks to Novi

Next Post

Indian Prime Minister’s Twitter account gets hacked

Admin

Admin

Next Post

Indian Prime Minister's Twitter account gets hacked

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
Virtual stadium in the metaverse

Why Virtual Stadium Can Be the Next Big Thing in the Metaverse

January 26, 2023
USDD Depegs

USDD Stablecoin Depegs To $0.96, Tron (TRX) Dumped

December 12, 2022
What is Initial Coin Offering?

Initial Coin Offering (ICO)

0
What is staking?

Staking

0
What is Defi?

Defi (Decentralized Finance)

0
Differences between Axie Infinity and Decentraland

Axie Infinity and Decentraland: Features and Differences

0
AUD USD pair

AUD/USD falls from 7-month highs

February 2, 2023
What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023
FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

February 1, 2023
Tesla Lost Millions In Crypto

Tesla Lost Millions In Crypto

February 1, 2023

Recent News

AUD USD pair

AUD/USD falls from 7-month highs

February 2, 2023
What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023
FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

February 1, 2023
Tesla Lost Millions In Crypto

Tesla Lost Millions In Crypto

February 1, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Forex News
  • Gaming
  • Reviews
  • Stocks

Recent News

AUD USD pair

AUD/USD falls from 7-month highs

February 2, 2023
What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>