Analyst: 2022 will be “defined by agility and cost-effectiveness” instead of “blockchain purity”
In addition to the Bitcoin price reaching $100,000, analysts expect the crypto market to shift to “cost-effectiveness” and “agility” in 2022.
The entire crypto market has taken a big step towards mass adoption in 2021. Now that the year is drawing to a close, analysts are setting price targets for 2022.
Many analysts support the call for Bitcoin to reach $100,000 (BTC) by the end of 2021. Although this seems unlikely, most investors expect this key price level to be resolved by the second quarter of 2022.
The following are some analysts’ predictions for Bitcoin prices in 2022.
Bitcoin is still expected to exceed $100,000
Since PlanB’s S2F model incorrectly predicted the price of Bitcoin at the end of November at $98,000, analysts have become more silent in predicting the price of Bitcoin at will, even though the model’s predictions from August to October are all precise.
Although some traders now question the validity of the S2F price model, crypto analysts and anonymous Twitter user “DecodeJar” still believe that BTC will exceed $100,000 in the next few months. The analyst said that by the end of 2022, the price may be Rise to as high as $250,000.
DecodeJar believes that based on the Elliot Wave expansion and Fibonacci retracement levels, Bitcoin will reach a “conservative price target” of $190,233 on June 7.
DecodeJar warned in a follow-up tweet:
“The forecast of future price and time is just a guide, but as we get closer, combining this range with other indicators can allow us to exit cleanly as we approach the top. I tend to be more conservative-19 Ten thousand U.S. dollars.”
Regulations will be introduced in 2022
When talking about the future of the entire cryptocurrency ecosystem, David Lifchitz, managing partner and chief investment officer of ExoAlpha, stated that “cryptocurrencies will still exist in 2022,” which means that “the government will not ban them.”
However, Lifchitz said, “They want to regulate cryptocurrency to strictly control the gap between cryptocurrency and fiat currency, while also treating cryptocurrency as a source of taxable income to enrich their treasury.”
Lifchitz predicts that with the continuous development of the DeFi ecosystem and the development of new features, banks and insurance companies will be forced to adjust their business models to remain competitive, and “the middleman business becomes redundant due to DeFi and faces greater risks.” .”
Speaking of the enthusiasm in the NFT field, Lifchitz has reservations about the industry’s ability to continue to grow at lightning speeds, and talked about some deep-seated concerns that regulators may make progress.
Lifchitz said,
“They have become so hot that people can’t help but wonder whether they are used for money laundering… I know that because of the existence of the central bank, there are so many funds flowing around now, and I have to find a destination, but the NFT in 2021 allows me Recalling the Dot.com era in mid-1998, there was still room for a parabolic price increase, and then the bubble burst.”
Regarding the hype surrounding the emerging meta-universe, Lifchitz said that although it looks as if we are heading to a movie scene in the future that can be like Ready Player One. Stay away.” Although it seems that we are heading towards a future that may be similar to the scene in the movie “Ready Player One”, “where people hide in a virtual world because their real world is terrible”, our world is still “away from that” There are still many years.”
Mass adoption may continue
Despite signs of short-term weakness, Loukas Lagoudis, executive director of the cryptocurrency and digital asset hedge fund ARK36, “strongly believes that the overall bullish trend in the crypto market will continue in 2022.”
Lagoudis believes that “institutional investors continue to adopt digital assets and further integrate them into the traditional financial system will be the main driving force for the growth of the cryptocurrency sector next year”, because institutions are believed to begin to think that “digital assets are more digital assets than gold during 2021.” It is more suitable as a reserve asset”.
Lagoudis said,
“In addition, since digital assets have consistently outperformed traditional asset classes, we predict that investors will consider allocating digital assets as part of their risk management strategy — especially given the increasingly inflationary economic environment and declining bond yields. Rate.”
Jean-Marc Bonnefous, head of asset management at Tellurian ExoAlpha, said, “The trend seems to be focused on performance, dApp development, and a somewhat more centralized blockchain.”
Bonnefous said that this is a major change from the past trend, which is more focused on “security, value storage, and more decentralized projects like BTC or even ETH.”
Bonnefous said,
“Basically, the market seems to value business agility and cost-efficiency more than blockchain purity, which is a big change from the past few years. This attractive relative value transaction may continue into next year.”
