The crypto market has had a difficult time in 2018.
It’s been tough to make money, and investors are keeping their heads down, waiting on the sidelines to see which way the wind blows next.
If you are looking for a change in fortune, then you may want to keep an eye on what could be one of the major catalysts behind Bitcoin’s price rise later this year – the halving of supply at the end of May 2020.
Will Bitcoin go up again in 2022?
The value of Bitcoin has fallen sharply in the past weeks, but many analysts believe that the fundamentals are still strong.
The supply of bitcoin is limited and the demand is increasing, which is driving up prices.
Based on the current market conditions and the projected future of cryptocurrency, it is highly likely that
Bitcoin will surge in price come 2022.
The reason for this is that the supply of Bitcoin
is slowly dwindling, while the demand for it is only increasing.
This creates a perfect storm for investors, leading to what could be an unprecedented price surge.
So if you're thinking about investing in Bitcoin, now might be the time to do so. But how much should you invest?
While it's impossible to predict the future with complete certainty, there are certain underlying factors that suggest that Bitcoin's price could continue to surge in the coming months and years.
For one, the supply of Bitcoin is limited and will only continue to dwindle as more and more coins are mined.
This scarcity could lead to increased demand and, consequently, higher prices. Additionally, since Bitcoin is still relatively new and lacks widespread adoption, there's a good chance that its price will continue to increase as more people learn about and start using it.
Already, we're seeing an increasing number of startups sprouting up that facilitate Bitcoin payments on platforms like WordPress and GitHub
Finally, many experts believe that the recent boom in the U.S. stock market is just temporary and that stocks will soon return to their normal level; if this proves true, then investors may be looking for other
avenues for their money which may very well be Bitcoin!
- It's been a tough few months for Bitcoin.
- The leading cryptocurrency by market capitalization has shed over 60% of its value since peaking at nearly $20,000 in December.
- But all hope is not lost.
- In fact, there are several reasons to believe that Bitcoin will make strong.
Firstly, the days of high-volume crypto trading in China appear to be coming to an end.
The People’s Bank of China (PBoC) and Chinese financial regulators have reportedly issued verbal instructions barring Chinese exchanges from providing margin lending services.
Exchanges have also been told to stop allowing new user registrations, according to reports from Caixin and the Wall Street Journal.
These developments have significant implications for Bitcoin’s ability to hold on to its share of the total crypto market cap—the percentage of total global cryptocurrency value that’s ascribed solely to Bitcoin.
A year ago, bitcoin accounted for more than 54% of the total crypto market cap.