Bitcoin has been one of the most popular forms of cryptocurrencies all over the world. The popularity quotient has increased a lot over the past year, during the period of a pandemic. Several reputed companies have also started to buy Bitcoins as a measure to save the virtual assets in their pockets. The values had increased up to 68,000 USD during the past year and they had again reduced down to 46,000 USD by the end of December. There are some predictions that can dictate the ways in which Bitcoin prices will rise or fall in the upcoming years. The high and low points have been studied by financial advisors in order to find out the correct values. For more information about Bitcoin and trading, visit profit bitcoin.
Volatility in the Bitcoin Values
Despite the tremendous volatility in which Bitcoin is existing at the moment, the financial advisors have mentioned that it might reach the mark of 100,000 USD in the next year. It is widely accepted that the volatility in the value of Bitcoins is nothing new. It will always be there in the market because the currency can never be brought under any centralized authority. However, the analysts have been able to see the trend and decide the values up to which the Bitcoins can reach in the upcoming times.
Predictions on Tremendous Rise
● The predictions have stated that the values of cryptocurrency will reach the mark of 100,000 YSD by 2023. The conservative predictions have agreed with this kind of view.
● Some of the experts have stated that the values might not be taking up such a long time. The values of Bitcoin might be reaching the mark by the end of 2022 as well.
● This has been certified by Kate Waltman who is a public accountant in New York, specializing in cryptocurrency. This certification has not been warranted by most quarters.
Disagreement on the value rise
● Many of the reputed analysts on the other hand are not quite willing to accept a perfect time and number till which the Bitcoin values can reach.
● They have stated that the virtual asset is quite sustainable and it is going to last for quite a long period. The threshold of 100,000 USD might be close according to these experts but they will never bet their money on it.
● In a way, they are quite justified as the volatility of Bitcoins cannot be disregarded at any point in time.
● The value-driven measures of the Bitcoins and the organic movement of the market are quite appreciable in the present times.
● It is not that surprising that there are varying opinions about the values of Bitcoins. There are crypto-investors who will never make any kind of comments in this sector.
● They are wise enough to know that the scenario might change at any moment. They also have the additional pressure of keeping their wallets above the water level in the crypto market.
● There are times when the investors are not willing to get into the details of these investment trends because of the risk they pose in the market. The conditions as such must be considered by the novice traders as well.
The market specialists like Ian Balina had mentioned that the value of cryptocurrency, especially Bitcoins, might reach 75,000 USD by the end of 2021. The predictions of the founder of the crypto research company, Token Metrics have been quite right except for the unfortunate fall in the prices. Ian had always taken a more conservative stand for the values of cryptocurrency. He has often proven to be right.
● Matthew Hyland is another data analyst in the crypto market who has mentioned that the values will come up to 250,000 USD by the end of January of 2022.
● This has been a radical proposal and it is almost quite sure that the values will not reach the paramount. Hyland had quoted Twitter trends to agree with these thoughts.
● However, this radical change in values might not take place.
There are other market analysts who have made some other predictions regarding the price of Bitcoins in 2022. It is to be seen which of these predictions come out to be true. As for now, the 100,000 USD mark by 20222 seems feasible and the values might be reached this way. Most investors who had already been included in the market are also waiting quite patiently for the values to rise and earn their profits in the meantime.