New Bitcoin price predictions for 2022 and beyond
The price of Bitcoin (BTC) is always an interesting topic, no matter the time. As we all know, the first cryptocurrency suffers from high volatility. However, at the same time, it always tends to rise. From prices per unit under zero dollars by 2010, we have now a valuable coin that has vastly surpassed the $60,000 mark. That’s why Bitcoin price predictions are important for investors everywhere.
This year didn’t start as well as we thought for the cryptocurrency market. Most of it plunged into a blood bath, with few exceptions. BTC lost around 29%, but that was temporary. It looks like we’re on the way to recovery now, and most of the Bitcoin price predictions for 2022 and beyond are bullish. Let’s check them out.
Guido Buehler: $75k+
Believe it or not, numerous banks worldwide are very interested in the Bitcoin price too, and they’re making their own predictions. An example comes from the Swiss bank SEBA and its current CEO, Guido Buehler. As he recently declared at the Crypto Finance Conference in St. Moritz (Switzerland), he believes that Bitcoin will, at least, recover to $50,000 per coin; or even reach a new All-Time-High (ATH) of $75,000 per coin.
“Our internal valuation models indicate a price right now between $50,000 and $75,000. I’m quite confident we’re going to see that level. The question is always timing (…) Institutional money will probably drive the price up. We are working as a fully regulated bank. We have asset pools that are looking for the right time to invest.”
Just like this bank, other institutional investors worldwide may be waiting for the right time to invest. And they could drive the price up by doing it.
Finder’s panel: $93k+
What’s better than one expert predicting the price of Bitcoin? Well, probably 33 experts predicting the price of Bitcoin together. That’s exactly the methodology that the platform Finder applied for 2022. They gathered a panel of 33 Fintech experts in January and asked them about it. The results were bullish: the panel aims to $93,717 per BTC at some point this year.
Nevertheless, concerns about higher interest rates could hit Bitcoin by the end of 2022, according to some panelists. This would drag Bitcoin to $76,000 again. But even that would be temporary because the panel prediction for 2025 is over $200,000 per BTC. For 2030, that’d reach $406,000 per coin or even $706,000 per coin.
In any case, 50% of the panelists don’t believe that Bitcoin will go down as central bank interest rates go up. They were also asked if this is the time to hold, buy, or sell bitcoins. A great majority (90%) bet for holding and buying, while only 10% chose the selling option.
Willy Woo: $100k+
Willy Woo is a well-known and pioneer analyst in the crypto space. He uses on-chain data and technical analysis to make his Bitcoin price predictions almost weekly. Now, according to his declarations on the podcast “What Bitcoin Did” from December 27, 2021, it looks even easy for Bitcoin to reach $100,000 per coin in 2022.
He explained: “Of course, we get an all-time high (…) You know, let’s face it, $69,000 to $100,000 is nothing. It’s only like a 50% gain for Bitcoin, which it does quite readily.” He’s referencing the previous ATH for Bitcoin, which was $68,789 per coin back in November 2021 [CoinMarketCap].
Indeed, as he said, we only have to check the previous Bitcoin price history to see that 50% is a very achievable increase. From January 2019 to January 2020, it raised by over 81%. From January 2020 to January 2021, it raised by over 339%; and from January 2021 to January 2022 did it by over 44% -without counting the peak in the ATH.
Plan B: $200k+
“Plan B” is a Dutch institutional investor whose Bitcoin price predictions have been correct in the past. He’s the creator of the popular chart Stock-to-Flow (S2F). The goal of this model is to predict the long-term price trend for Bitcoin by considering its supply. Therefore, it measures the existing number of BTC in circulation (stock) and pairs it against the number of issued coins in mining (flow). The higher the ratio, the higher the long-term value.
For the first time since 2019, the model S2F kind of failed last year, because Plan B calculated $100k for BTC during 2021. However, he argues that his prediction was a range and not an exact number for a specific date. For 2022, he calculates a range between $50,000 and $200,000 per coin. Beyond this, he believes Bitcoin will pass over $288,000 per coin at some point, with a market cap of around $5.5 trillion before 2024.
Ark Investment: $1m+
Probably, this Bitcoin price prediction won’t happen any time soon, but it’s there, waiting for us. The company Ark Investment published its annual report “Big Ideas 2022” in late January, and they included Bitcoin on it as a “monetary revolution”. For them, every BTC will hit $1 million by 2030 due to certain factors, now developing.
The first of them would be some nations adopting this currency as legal tender, as El Salvador did in 2021. Indeed, currently, Tonga (Oceania), Arizona (U.S.), and Chile (South America) have formal proposals to make Bitcoin legal tender. Other important factors considered by Ark include that Bitcoin could be used to send 50% of remittances worldwide by 2030 and it’s attracting more and more institutional investors.
Additionally, they mentioned that the market participants are maturing for the long-term, Bitcoin is taking a share as a global settlement network, it’s scaling due to new technological improvements (like Lightning Network), and “ bitcoin mining will encourage and generate more electricity from renewable carbon-free sources.” Thanks to all of this, Bitcoin could “exceed” $1 million per coin in about eight years.
Originally published at https://blog.alfa.cash on February 4, 2022.