He added that these new miners are not only increasing the hashrate, or the computational power of the Bitcoin network, but that they are also “strong holders of the asset.” “I believe in 250K USD per BTC at the end of 2022 based on the huge number of Bitcoin mining companies that were founded in the United States in 2021,” Schucman predicted. Meanwhile, Bernardo Schucman, Senior Vice President of Bitcoin miner CleanSpark’s Digital Currency Division, was also optimistic about the number one cryptocurrency over the next year. “ there are so many factors and external influences in play which makes it difficult to apply traditional or historical comparisons,” the Bitcoin miner said. However, Pettersen also stressed that it is “impossible to predict with any accuracy” where the price might go, and that technical analysis will not necessarily work when external factors come into play. “I expect a sharp increase short-term, in 2022 we may see 140k USD or higher.” “My prediction is that it will continue to be volatile, however the long-term trend will point upwards and it is going to more than double in terms of total market cap per annum on average,” Kjetil Hove Pettersen, CEO of Norwegian Bitcoin miner Kryptovault, said, adding: It rallied by 656% in a year.) Bitcoin price predictions for 2022Īlthough the past year by no means has been smooth sailing for bitcoin holders, with both sharp rallies and deep corrections seen during the year, all of the commenters were optimistic about its price for the next year. ETH fluctuates around USD 4,500 and is down by almost 2% in a month. (At the time of writing, BTC trades at around USD 56,250 and is down 11% in a month, trimming its gains over the past 12 months to less than 193%. To give an idea about what to expect for 2022, we reached out to a number of crypto industry players to hear their price predictions for BTC and ETH in 2022.
Cleanspark price prediction upgrade#
Similarly, ethereum (ETH) also saw major bullish developments this year, with the implementation of the EIP-1559 upgrade which for the first time introduced a supply-reducing token burn mechanism, arguably being the most important one.Īnd while 2021 was a great year, 2022 may turn out even better for the crypto market, according to some analysts has talked to. The past year has been another great year for the cryptoasset market, with bitcoin (BTC) having almost doubled in price year-to-date, and the total crypto market capitalization increasing from just over USD 750bn to almost USD 3trn.įor bitcoin’s part, the price gains this year were fueled by major developments like El Salvador becoming the first country to make the cryptocurrency legal tender, and electric car maker Tesla becoming the biggest company so far to add bitcoin to its balance sheet.
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