Julian Liniger, CEO of Switzerland-based bitcoin broker Relai, was the most enthusiastic of the experts we spoke with regarding the coming year, predicting that BTC usage might reach a new high in 2022. “The final, but most critical, aspect in maximizing the BTC price increase will be increased usage of BTC wallets integrated into social media platforms such as Twitter,” Schucman continued, stressing that Bitcoin’s Lightning Network will provide “a tremendous push for BTC mass acceptance.” He said that these new miners are not just increasing the Bitcoin network’s hashrate, or processing power, but are also “strong holders of the asset.” “I believe in 250K USD per BTC at the end of 2022 based on the huge number of Bitcoin mining companies that were founded in the United States in 2021,” Schucman predicted. Meanwhile, Bernardo Schucman, Senior Vice President of Bitcoin miner CleanSpark’s Digital Currency Division, expressed optimism for the year ahead for the world’s most popular cryptocurrency. “ there are so many variables and external influences at work that it’s difficult to apply standard or historical comparisons,” the Bitcoin miner explained. Pettersen did emphasize, however, that it is “difficult to predict with any degree of accuracy” where the price will move, and that technical analysis will not always work when external factors enter the picture. “I expect a sharp increase short-term, in 2022 we may see 140k USD or higher.” “My forecast is that it will remain volatile, but the long-term trend will be upward, and it will more than double in terms of total market capitalization per year on average,” Kjetil Hove Pettersen, CEO of Norwegian Bitcoin miner Kryptovault, stated. Bitcoin price predictions for 2022 Source: CoinGeckoĪlthough the previous year has not been without its ups and downs for bitcoin holders, with both strong rallies and severe falls, all comments were hopeful about the cryptocurrency’s price for the coming year. In a single year, it climbed by 656 percent. The price of ETH is currently hovering around USD 4,330, having fallen about 2% in the last month. To get a feel of what to expect in 2022, we contacted a number of cryptocurrency industry specialists and inquired about their 2022 bitcoin (BTC) and ethereum (ETH) price estimates.Īt the time of writing, the Bitcoin (BTC) exchange rate is about USD 49,350 and has declined 11% in the last month, bringing its gains over the last 12 months to less than 193%. However, as is always the case, people have widely varied viewpoints. To be fair, significant events this year, like as El Salvador becoming the first country to recognize bitcoin as legal cash and Tesla being the largest company to do so, bolstered bitcoin’s price increases.Įthereum (ETH) also saw important bullish developments this year, the most noteworthy of which was undoubtedly the acceptance of the EIP-1559 upgrade, which introduced a supply-reduction token burn mechanism for the first time.Īnd, while 2021 was a banner year for the cryptocurrency sector, several analysts contacted by feel that 2022 will be even better.
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