Although the price had dropped a few days ago, Bitcoin is still the target of domestic investors. They still do not want to move to another heart by choosing other alternative options, such as Ethereum, Tether, Cardano and others.
This is based on a number of observations and predictions of economic experts who remain optimistic that there will be a very significant increase in the price of this cryptocurrency in the following years.
Factors Affecting Bitcoin Price
Broadly speaking, there are about 4 (four) factors that affect the price of Bitcoin on the global market in the future, which I will summarize as follows:
1. Distribution & Volume of Bitcoin in the World
This type of crypto currency has only just become known to the world community in the last decade. Unlike forex, gold and other financial instruments, the number of Bitcoin chips that have been distributed is much less. For example, until 2015 alone, the total number of Bitcoins in circulation is estimated at 14 million pieces. To date, a report says that there are about 18 million pieces of Bitcoin that have been distributed, while the total of all Bitcoins is 21 million pieces. So there are about 3 million pieces to find by mining.
2. Speculation Factors for International Traders
In fact, the majority of Bitcoin owners still regard this cryptocurrency as a fairly profitable trading tool, and not as a legitimate medium of exchange. So don't be surprised if traders will sell it when there is a profitable difference between buying and selling Bitcoin. Therefore, they will be required to continue to monitor developments in global political and economic issues. The trend is that many of the international giant companies have now recognized Bitcoin as a legal medium of exchange, in addition to other currencies. These conducive factors will make you and other traders even more excited to hunt for the remaining Bitcoin chips. However, you also have to anticipate a fairly drastic drop in the price of Bitcoin as experienced in the past week which caused a bit of panic in global Bitcoin exchanges.
3. Government Regulations Support
Currently, in Indonesia and in many other countries, the use of Bitcoin as a legal and legal medium of exchange is still not allowed or prohibited. Many of the world's financial regulatory bodies have begun to monitor the use of Bitcoin, which is in fact increasingly gaining a place in a number of countries, such as the US, Canada, Australia, to several countries in the European Union. The more legalized the use of Bitcoin, the higher its value. Vice versa, the more countries that do not recognize the legality of the value of Bitcoin, the more its value will fall.
4. Possible Crime Action
This fourth factor is quite influential on the ups and downs of Bitcoin prices in the future. Why is that? Because the price tends to increase, it will immediately invite the potential for virtual crimes. Fraudsters will try to convince a Bitcoin chip owner to entrust Bitcoin to them with a promise to multiply the profits that will be obtained in the future. If this fraud case occurs more and more, then of course it will have a bad effect on the price of Bitcoin because the trust of investors and Bitcoin owners will shrink. On the other hand, if these criminal acts are successfully suppressed, then this factor will further strengthen the value of Bitcoin.
Bitcoin Price Expert Prediction for 2022
For 2022 itself, here are the predictions for the increase, which are summarized from a number of Bitcoin observers:
1. Peter Brandt, Independent Financial Analyst
He predicts that in early 2022, the Bitcoin price will touch between $180,000 and $200,000.
2. Timothy Cook Draper, founder of the Draper Venture Network
Predicts Bitcoin price to hit $250,000 by the end of 2022
3. Bloomberg
This company engaged in media and financial services even had time to predict the price of Bitcoin in 2022 could touch $ 400,000
4. BTIG, Finance company
The company predicts the price of Bitcoin will reach $95,000 by the end of 2022. Seeing the various predictions that look bombastic, it is not surprising that investing in this financial instrument is quite recommended. But this does not mean without risk, because everything will depend on various factors that will occur throughout 2022. Of course, Bitcoin price fluctuations from time to time will be adjusted to internal and external factors. Besides Bitcoin, you can actually consider other types of cryptocurrencies whose prices are predicted to soar this year.
Factors Affecting Bitcoin Price
Broadly speaking, there are about 4 (four) factors that affect the price of Bitcoin on the global market in the future, which I will summarize as follows:
1. Distribution & Volume of Bitcoin in the World
This type of crypto currency has only just become known to the world community in the last decade. Unlike forex, gold and other financial instruments, the number of Bitcoin chips that have been distributed is much less. For example, until 2015 alone, the total number of Bitcoins in circulation is estimated at 14 million pieces. To date, a report says that there are about 18 million pieces of Bitcoin that have been distributed, while the total of all Bitcoins is 21 million pieces. So there are about 3 million pieces to find by mining.
2. Speculation Factors for International Traders
In fact, the majority of Bitcoin owners still regard this cryptocurrency as a fairly profitable trading tool, and not as a legitimate medium of exchange. So don't be surprised if traders will sell it when there is a profitable difference between buying and selling Bitcoin. Therefore, they will be required to continue to monitor developments in global political and economic issues. The trend is that many of the international giant companies have now recognized Bitcoin as a legal medium of exchange, in addition to other currencies. These conducive factors will make you and other traders even more excited to hunt for the remaining Bitcoin chips. However, you also have to anticipate a fairly drastic drop in the price of Bitcoin as experienced in the past week which caused a bit of panic in global Bitcoin exchanges.
3. Government Regulations Support
Currently, in Indonesia and in many other countries, the use of Bitcoin as a legal and legal medium of exchange is still not allowed or prohibited. Many of the world's financial regulatory bodies have begun to monitor the use of Bitcoin, which is in fact increasingly gaining a place in a number of countries, such as the US, Canada, Australia, to several countries in the European Union. The more legalized the use of Bitcoin, the higher its value. Vice versa, the more countries that do not recognize the legality of the value of Bitcoin, the more its value will fall.
4. Possible Crime Action
This fourth factor is quite influential on the ups and downs of Bitcoin prices in the future. Why is that? Because the price tends to increase, it will immediately invite the potential for virtual crimes. Fraudsters will try to convince a Bitcoin chip owner to entrust Bitcoin to them with a promise to multiply the profits that will be obtained in the future. If this fraud case occurs more and more, then of course it will have a bad effect on the price of Bitcoin because the trust of investors and Bitcoin owners will shrink. On the other hand, if these criminal acts are successfully suppressed, then this factor will further strengthen the value of Bitcoin.
Bitcoin Price Expert Prediction for 2022
For 2022 itself, here are the predictions for the increase, which are summarized from a number of Bitcoin observers:
1. Peter Brandt, Independent Financial Analyst
He predicts that in early 2022, the Bitcoin price will touch between $180,000 and $200,000.
2. Timothy Cook Draper, founder of the Draper Venture Network
Predicts Bitcoin price to hit $250,000 by the end of 2022
3. Bloomberg
This company engaged in media and financial services even had time to predict the price of Bitcoin in 2022 could touch $ 400,000
4. BTIG, Finance company
The company predicts the price of Bitcoin will reach $95,000 by the end of 2022. Seeing the various predictions that look bombastic, it is not surprising that investing in this financial instrument is quite recommended. But this does not mean without risk, because everything will depend on various factors that will occur throughout 2022. Of course, Bitcoin price fluctuations from time to time will be adjusted to internal and external factors. Besides Bitcoin, you can actually consider other types of cryptocurrencies whose prices are predicted to soar this year.