INBitcoin is expected to reach $350,000 by 2022, according to analysts.

Despite steady accumulation by whale addresses, Bitcoin ownership is not as concentrated as stated.
Four Bitcoin ETFs are expected to join the $6.7 trillion US ETF market in less than four weeks, according to analysts.
Bitcoin’s end-of-year expectations, according to on-chain experts, are extremely positive in the continuing bull run.
When comparing the current Bitcoin bull run to the 2017 surge, institutional investment appears to be on the upswing. Institutional investors are moving their Bitcoin holdings away from exchanges.

According to experts, Bitcoin’s long-term prospects are highly optimistic.

William Clemente, the creator of the “Bitcoin supply shock” story and an on-chain expert, has projected that the price of Bitcoin would be extremely positive by the end of the year. Clemente anticipates a short-term dip before BTC continues its upward trend.

Whales have begun profit-booking, according to Clemente, while speculators or highly liquid entities (traders who are known to sell their Bitcoin holdings in a short period of time) are purchasing BTC. In terms of market capitalization, there is a vulnerability, which may alter in the next weeks.