In Bitcoin, which could not reach the target of $ 100,000 in 2021, the eyes were turned to 2022. While some experts think that news of rate hikes from the US will block the crypto currency rally, some do not expect a major collapse.
Increasing institutional investor interest in 2020 and 2021 has significantly reduced Bitcoin’s volatility compared to the past. So much so that we see that the price moves within a certain range for days and weeks. Annoying for investors who love Bitcoin’s old volatility, this is the biggest indication that the industry is starting to mature.
This strengthens the thesis that “we may not see very tough bulls or very tough bears like before”.
JP Morgan, one of the largest banks in the USA, asked its customers about their expectations for Bitcoin.
The vast majority of customers surveyed stated that their 2022 year-end expectation is over $60,000.
According to the survey, only 2% think the price can go below $10,000. The number of people expecting a price of $100,000 or more by the end of 2022 was also limited to just 5%.
*Not Investment Advice.