BTC price forecast and analysis: Bitcoin price takes off
Bitcoin, the most popular digital currency in the world, breaks its price record again! The coin hit a new all-time high of $68,789.63 on November 10, 2021. BTC updated its highest price reached on October 20, 2021 of $66,930.39. 2021 has been a turbulent year, both for Bitcoin and other currencies. It's time to take a quick look at what happened during that year: What important events happened in the world of Bitcoin, and how did it reach this impressive record price in the market? And what can we expect from the Queen of Cryptocurrencies next? Will Bitcoin rise further? Let's find out in our Bitcoin review!
Bitcoin in short
A decentralized currency that runs on block chain technology. The original token was launched in 2009, in the midst of a global financial crisis. Because many people were skeptical of banks, Bitcoin immediately captured the attention of a large group of people.
The system allows you to send “money” to another person without the intervention of a third party. Data is not managed by one person but by all network users. This makes it a great decentralized database for transactions.
Bitcoin price predictions for 2023 by cryptocurrency experts
Over the past two months, Bitcoin has experienced amazing volatility, the market has become turbulent and unstable, and the Fear and Greed Index has shown a high level of stress. 2021 has been a year of dizzying highs and sharp falls for Bitcoin, and already many experts have begun to predict what the future of this digital currency will bring.
If the current price is $38,081.42, what will Bitcoin's future value be?
Katie Wood predicts the future price will reach $100,000 in 2022. Let's see if other sources have the same predictions.
Tom Lee
2022. He pointed out that there are two factors that must be achieved to achieve the target price, which are the shift of current investors to digital currencies and the issuance of regulations aimed at legitimizing the digital assets sector.
Tom Lee stated that the easiest way to see growth is to get existing US investors, not new investors, to invest in Bitcoin. And new regulations could open the way for this growth.
Leading banks in the world
- Citigroup predicted that Bitcoin would reach $318,000 by December 2021, but since the target was not achieved by the end of 2021, the forecast remains valid for 2022;
