Bitcoin - forecast for 2022 and beyond

Bitcoin is the most expensive and popular cryptocurrency, which enjoys wide popularity as an effective means of payment and an excellent way to invest personal funds. The key feature of bitcoin is its limited issuance at the program level. While dollars and euros are "printing" more and more, the number of new bitcoins is constantly decreasing while demand remains high.

In 2021, BTC/USD was at an annual high of $68,000. We have prepared a detailed breakdown of what the predictions are for bitcoin in 2022, as well as the bitcoin-to-dollar forecast for the year to come.

Our experts have prepared a Bitcoin (Bitcoin) rate forecast for 2022, based on data from global analytical platforms, as well as author estimates.

According to the WalletInvestor information and analysis platform, the bitcoin exchange rate will range from $11892.06 (minimum value of the forecast) to $31479.52 (maximum value) at the end of 2022. According to the forecast from the Coin Price Forecast portal, the bitcoin price will reach $21,135 by the end of 2022. At the same time, analyst portal Trading Beast predicts that at the end of 2022 the bitcoin price will reach a range of $16,603.875 (minimum value) to $24,417.464 (maximum value).

What affects the long-term bitcoin-to-dollar (BTC/USD) exchange rate forecast?

The Bitcoin exchange rate (Bitcoin) is shaped by market supply and demand factors. According to most of the available expert estimates, demand for Bitcoin will remain high in the long-term horizon of up to 3-8 years.

This will be driven by drivers such as:

• Continued acceptance of bitcoin as a new financial asset by classic financial companies and corporations;
  
• Continued legalization of cryptocurrencies at the legislative level in a number of countries;
  
• Potential adoption of Bitcoin as an official means of payment in some countries around the world in the event of a positive experience in El Salvador;
  
• Further active development of the Lightning Network add-on, which solves bitcoin's problems such as high fees and low transaction speeds.

In 2024, the next bitcoin halving will take place - this means that the size of the issue will once again be reduced by half.

Analysts also highlight important risks to consider when investing in Bitcoin and other cryptocurrencies:

• Extremely high volatility;
  
• Restrictions on Bitcoin circulation by a major country, following the example of China;
  
• Tightening of the Fed's monetary policy.

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