Bitcoin in 2021 has good luck, although sometimes there are quite drastic price fluctuations. What is the Bitcoin price prediction for 2022?
In 2021, Bitcoin remains as the most valuable cryptocurrency, where its price is up 70%. At the beginning of the year, it was around USD 32K and peaked at USD 64K in April.
But the Chinese government's massive raid on Bitcoin brought its price back down. After that, the miners began to find new locations and El Salvador adopted it as a means of payment. In November, the price of Bitcoin had penetrated USD 69 thousand.
Currently, Bitcoin is trading in the range of USD 50 thousand. So next year, the value is predicted to be higher due to various factors. For example, support is getting bigger, such as from the well-known founder of Twitter, Jack Dorsey, who is predicted to fully dive into the crypto industry.
Even some experts estimate the value of Bitcoin will penetrate USD 100 thousand or more than Rp 1 billion. "Some of the most knowledgeable people in the sector predict Bitcoin to break $100,000 in the first quarter of 2022," said Kate Waltman, a specialist crypto accountant.
Maybe in early 2020, cryptocurrencies are still less competitive due to the pandemic situation, economic conditions and inflation. However, as so many people are interested in the crypto business, the value will improve.
"Next year is an important time for Bitcoin. As the oldest and most recognized cryptocurrency, like it or not, Bitcoin is the face of the crypto world," said Marcus Sitiriu, analyst at GlobalBlocks.
"When Bitcoin reaches its highest point, it will attract a lot of attention and action in the crypto market as a whole. So my prediction is that Bitcoin will reach and break the price of USD 100,000 in 2022," he said.
