If you have an idea about cryptocurrencies, you must have come across Bitcoin. Since its launch, the price of Bitcoin has kept increasing. It has seen ups and downs in the crypto market. Sometimes the price of Bitcoin went high, while sometimes, it went low. Irrespective of the price fluctuations, people kept investing in it. It has hit its record in the year 2021. In March 2021, it faced many problems, but it overcame them, and in October, it recorded the highest price. If you want to get on with the trend in bitcoin, then it’s the best time to open account.
None of us, including the experts, can predict what Bitcoin has in store for present and future investors, but people still keep investing in it. People are expecting another fantastic year in 2022. Experts say that Bitcoin is still in its early stage when it has hit the highest in 2021. It has been very long since its launch, and if experts consider it as just the beginning, then you can easily predict what its price is going to be in the future.
You will always be able to find investors interested in investing in Bitcoin. There is no lack of such people. But those who cannot afford to lose even a penny cannot invest in it due to its volatility and no regulations from any country’s government. Many think that the hype they see today has been present in the market for a very long time. Let us check out what Bitcoin has for us in the year 2022:
Bitcoin in 2020:
Before we predict how Bitcoin will perform in 2022, let us have a look at its past. In March 20202, the price of Bitcoin fell from $10,000 to $4,000 very drastically. It was the effect of Covid-19. The effect lasted very long till the end of 2020. The price kept fluctuating but did not go high. But by the end of 2020, it was able to get higher. It recorded very close to $30,000. So, it was a good closure by the end of 2020.
Bitcoin in 2021:
When you look at the price of Bitcoin as a whole in the year 2021, then you can see that it has recorded an all-time high of $65,000. This is undoubtedly a good hike in the price of Bitcoin. It happened in February, April, and also November. In February, such a hike in the price was due to the Telsa announcement. They started accepting Bitcoin as a mode of payment for their vehicles.
Bitcoin in 2022:
There are different views for different experts about the price of Bitcoin in 2022. People will have different opinions on the same subject at other points or based on what factors they consider to make that opinion. It is the same with Bitcoin price as well.
According to an expert Matthew Hyland, the price of Bitcoin is going to hit $250,000. His predictions are based on how the value changed in 2017 after Thanksgiving in 2017. According to Nischal Shetty, the founder of WazirX, the price will undoubtedly go high. It is a precarious place to invest, but at the same time, you will be able to make good profits with this investment. So, you need to keep in mind that you are investing only as much as required and nothing more than that.
Not just these two, but also many other experts say that the value of Bitcoin will cross $1,00,000 by the end of 2022. So, your investment in Bitcoin is not going to get wasted. Instead, you will be able to increase your money without having to do anything. You need to invest and then relax. The market is going to take care of the rest. But remember that you will have to think twice before investing. Only the amount that you can lose should be supported. As this is a risky market like any other form of trading, you cannot just predict the exact value of the digital currency. Any bank does not govern it, and hence you need to be very careful.