If 2021 was at least partially the best year in Bitcoin history, 2022 is set to be the worst. And it is so that if the year began
If 2021 was at least partially the best year in Bitcoin history, 2022 is set to be the worst. And it is so that if the year began to decline and with the passing months with great uncertainty, the situation only worsened and its price broke the lower limits, which were considered more than consolidated, and pulled other cryptocurrencies and other crypto-active substances to what was so far called cryptocrash.
It would be unfair to blame Bitcoin solely for what has happened in recent months. Today, for example, it is indisputable that a huge bubble has formed around NFTs and a boom in the creation of new cryptocurrencies as a direct result of the huge demand for crypto-assets from many investors who are interested in them. The NFT bubble seems to have already deflated (although it could still lose even more air) and hundreds of cryptocurrencies and thousands of other crypto-assets suddenly disappeared from reality.
Some analysts are still optimistic about the possible growth of Bitcoin during the second half of this year, with some voices pointing to the fact that it could climb as high as $28,000 by the end of the year. However, common market analysts are increasingly pessimistic about itpredicting that the coming months will be quite bad for investors who have decided to keep their investments in Bitcoin.
So, as we can read on Bloomberg, 60% of the analysts polled expect Bitcoin’s short-term returns to be negative, to the extent that He sees it likely that the cryptocurrency can close 2022 with a price around $10,000. An unthinkable value more than eight months ago, when it reached its all-time high by moving very close to 60,000 euros after the second semester, in 2021, which was also a heart attack.
At the time when Bitcoin was trading at highs, we could hear quite a few voices saying that the $100,000 cap was feasible and that it could even mean the entry of many companies into the crypto economy. Some expectations that have been totally erased over time and the cryptocurrency that is now in a difficult situation where its price is adjusted in an enormous sudden manner, maybe he’s looking for his “natural” positionsomething terribly complicated because there are no previous references to help determine what the “true” value of Bitcoin is.
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.