What will Bitcoin do next year?
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According to some experts, with the closure of the 2021 case, virtual currencies are only a few steps away from becoming a valid financial instrument in the international market. This year has seen major developments in the field of virtual currencies, with El Salvador declaring Bitcoin a monetary and trading instrument, and witnessing a severe crackdown on virtual currency-related activities in China. India, on the other hand, wants to ban non-governmental and private virtual currencies.
Large investors also entered the virtual currency market this year. In the following, experts will predict the performance of virtual currencies for 2022.
“If countries take a more hostile approach to virtual currencies, their development process will be much slower,” said Vitex Radomsky, co-founder of the China Blockchain Institute.
“The price of ether, which is the second largest virtual currency in the world after Bitcoin, will grow much faster than Bitcoin,” said Tom Higgins, CEO of Goldwan Asset Management Institute.
“Bitcoin will perform better next year than the stock market next year,” said McGlown, a senior virtual currency market expert at the Bloomberg Intelligence Institute.
“Soon, investors in the virtual currency market will be buying and selling using robots,” said Ethan McMahon, an expert at the Chinelsis Institute. This will push micro-investors to the margins.
* According to Rohit Talwar, CEO of the Fast Future Institute, the market value of virtual currencies will reach $ 7.5 trillion, and by the end of 2022, at least the central banks of 25 countries will launch their virtual currencies, or one of the official virtual currencies. Other countries, such as the Chinese yuan, will use it.
“We may see the first hack of over $ 1 billion in the global virtual currency market,” said Benjamin Whitby, an expert at the Credo Institute.
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