The Bitcoin price prediction in 2022
Following the recent price drop, a panel of crypto industry professionals and academics altered their bitcoin price projections, but still anticipate new highs for the cryptocurrency in 2022.
Bitcoin has fallen to its lowest price in six months as a result of a weeks-long downturn, and it is now selling at around 50% of its all-time high from November. BTC has rebounded significantly after falling as low as $33,000 at the start of the week, and is currently valued approximately $37,000.
When asked if the drop indicated it was a good time to buy, sell, or hold the cryptocurrency, more than half of the analysts surveyed by price comparison site Finder.com thought it was a good time to purchase.
In contrast, only 10% of respondents said investors should sell, while 29% said they should neither purchase nor sell.
The average price peak forecast by the 33 fintech professionals for 2022 is $93,717 — more than $20,000 more than the previous record of $68,000 — before falling down to $76,360 by the end of the year.
The panel expects that by the end of 2025, BTC would be valued $192,800, rising to $406,400 by the end of 2030. While these projections are high, they are much lower than the average predictions given in July 2002 by a comparable panel of experts, who anticipated a price of…
