analyst last yearCurrencywhich has been very successful in 2021, has placed great hopes onBitcoin by some people Bitcoin may reach $100,000 or more by 2022, but the truth is. Bitcoin is still very far from that magical goal becauseBitcoin closed the end of 2022 with only $16,500.
Bloomberg News reported that bitcoin collapseIt fell more than 60% in 2022, the second-biggest drop and the third-year fall, under pressure from the US Federal Reserve (Fed) going forward.raise interest ratescontinuously
partcrypto currency Others are also falling, with ether plunging nearly 70% this year and the index of the 100 largest cryptocurrencies down about 65%.
Bitcoin’s year-end closing level is far from the target expected by analysts. Early January 2022 Analyst fromGoldman SachsBitcoin is expected to reach $100,000 in five years, competing for market share from gold.
Meanwhile, crypto advocate Mike Novogratz expects bitcoin to reach $500,000 in the same time frame.
Ms. Kathy Wood, CEO of ARK investment Management had predicted that at the end of November BitcoinMay soar to $1 million by 2030 or about a 6000% increase from current levels.
