Despite the fact that many analysts previously supported $100,000 (for BTC) before the end of 2021, this is unlikely. But most investors still hope the price level will be reached before Q2 2022.
Crypto analyst and alias ‘DecodeJar’ on Twitter still sees BTC hitting $100,000 in the coming months. And the price could go up, up to $250,000 by the end of 2022.
As shown in the tweet above, DecodeJar sees Bitcoin hitting a “target price” of $190,233 by June 7 based on Elliot Wave extensions and Fibonacci retracement levels.
Speaking about the future of the entire crypto ecosystem, David Lifchitz, managing partner and chief investment officer at ExoAlpha, said that “crypto will remain in 2022” in the sense that “government will not ban them.”
Lifchitz suggested that “they want to carefully regulate crypto and see them as a source of taxable income. to replenish their coffers.”
As the DeFi ecosystem continues to grow and develop new capabilities, Lifchitz predicts banks and insurers will be forced to adjust their business models to stay competitive while “Intermediary businesses will be more vulnerable because of DeFi.”
And speaking of the NFT frenzy, Lifchitz addressed the sector’s ability to grow as lightning fast and addressed some deep concerns that regulators might step in.
“It’s getting so hot that one can’t help but wonder if they’re not used for money laundering… The 2021 NFT reminds us of the Dot.com era in the mid-1998… ..There is room for parabolic price growth. and then it will collapse.”
As for the upcoming Metaverse, Lifchitz said that while it looks like we’re headed for a future that might be similar to a scene from a movie. Ready Player One “Where people want to escape into the virtual world. because their real world is so bad.” But our world still “It is many years away from that.”
Loukas Lagoudis, executive director of the intellectual property and digital asset hedge fund ARK36, “believes that the overall trend of the crypto market will continue in 2022.”
Lagoudis suggested that “continued adoption of digital assets by institutional investors and their integration with traditional financial systems. will be the main driver of growth in the crypto space next year” as institutions are seen starting to focus on “More Digital Assets” Gold as Reserve Assets” Throughout 2021
“Because digital assets consistently outperform traditional assets. We therefore expect investors to allocate digital assets as part of their risk management strategy. Especially considering the rising economic environment and falling bond yields.”
As Jean-Marc Bonnefous, Head of Asset Management at Tellurian ExoAlpha, said, “The market trend will be a significant shift from past trends. which focuses on projects that focus on safety value storage and more decentralized ones such as BTC and even Ether, with a greater focus on business agility and cost savings. This is a big change from many years ago.”