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Bitcoin Price Predictions for 2022
Bitcoin was the first cryptocurrency. It also happens to be the most popular and valuable digital token due to the first move advantage. However, the Satoshi coin’s market share has dropped to less than half from more than 70% in the past.
From the bull run of 2017 to the big crypto collapse, Bitcoin’s price movement has been a rollercoaster of shocks. However, 2021 has been one of the most important years for the digital cryptocurrency since its creation in 2019. The cryptocurrency had a strong start to the year, reaching an all-time high of $64,000 in May. It has fallen to $36,000 as a result of the negative trend.
So, will Bitcoin continue to fall, or will it reach $100,000? This article delves into expert predictions for Bitcoin pricing in 2022. But first, let’s take a step back and look at how bitcoin has performed in the past.
Bitcoin and its Growth
Bitcoin, which was created by anonymous creators, was meant for daily transactions and to avoid cross-border payments. It has gained widespread acceptance as a store of wealth and a hedge against inflation.
The first price fluctuation is due to sentimental value because it has no practical function. This implies that its prices are determined by retail trades and investor estimates of future worth. While Bitcoin…
