Crypto had a good year in 2021 and analysts have also predicted some pretty tidings for the new year. The digital hype has seen quite a rise of 70% at the beginning of the year, raising the value of $2 trillion, which pretty much sums up how great the going was for those crypto investors.
Several analysts are hopeful of continuing with the crypto on a high, while a few aren’t so much convinced and have predicted a nosedive, perhaps a washout even.
Changes in crypto for 2022
There were some new beginnings in the form of the crypto company going public, the first major form to do so. Coinbase debut kind of raised the bar for so many who are trying to venture into the crypto space. And they are even getting the approval of the US exchange fund, now linked to bitcoin. With increased participation among other top bracket players on the Wall Street banks, such as Goldman Sachs, bitcoin is sure to see some happy days ahead.
With the raised concerns and regulations now being enforced, you will find extreme fluctuations in crypto currency prices than ever before. The spirit may be down because of the interventions of authorities. And perhaps a lukewarm response to the market won’t be disastrous for the coming year as experts seem to have predicted that the roller coaster situation will change the digital currency space.
Predictions by the experts
Wall Street took this piece of news and has reportedly stated that bear markets have declined by 20% or even more because of the recent highs witnessed.
However, some skeptics have predicted a sharp decline, especially in the coming months. So far, they have been proved wrong with a surge in the few months—a record high of nearly $69,000 this November. Volatility is the second nature of the crypto currency, which means you cannot stick to the highs and be content.
Experts on Finance in premier educational institutions have made their expectations clear. They have seen a deep dive of the cryptocurrency to $10,000 in the year 2022 that could literally make a clean sweep of the gains that crypto investors would have made this year.