The price of Bitcoin in 2022 is predicted to still increase from before. Even the President Director of the Swiss-based Seba Bank, Guido Buhler, predicts the value of Bitcoin this year will break a record. How much?
According to him, the price of Bitcoin could rise to USD 75 thousand this year. According to him, the reason is that more and more institutional investors are supporting the world's largest cryptocurrency.
"We believe that the price will go up," he said as quoted by CNBC, Saturday (15/1/2022).
"Our internal valuation model indicates that the price is between USD 50 thousand and USD 75 thousand. I am quite confident that we will see that level of increase. The question is about timing," he added.
After soaring to a value of USD 69K in November 2021, the price of Bitcoin has fallen in recent months to touch the level of USD 40K.
The opinion that Bitcoin will rise this year has also been voiced before by some financial experts. Some even estimate the value of Bitcoin will penetrate USD 100 thousand.
Some of the most knowledgeable people in the sector predict Bitcoin to hit $100,000 in the first quarter of 2022," said Kate Waltman, a specialist crypto accountant.
Maybe in early 2020, cryptocurrencies are still less competitive due to the pandemic situation, economic conditions and inflation. But so many people are interested in the crypto business that its value will improve.
"Next year is an important time for Bitcoin. As the oldest and most recognized cryptocurrency, like it or not, Bitcoin is the face of the crypto world," said Marcus Sitiriu, analyst at GlobalBlocks.
"When Bitcoin reaches its highest point, it will attract a lot of attention and action in the crypto market as a whole. So my prediction is that Bitcoin will reach and break the price of USD 100,000 in 2022," he said.