Media Release
Dec 15: The cryptocurrency industry has exploded into popularity and influence across the far corners of the globe. Since its inception, Bitcoin has remained the largest cryptocurrency, by market capitalization. It is safe to suggest that everyone likes something good. It's only natural for investment with so much potential to attract the interests of investors worldwide.
Even though Bitcoin has made a name for itself over the past decade, several people only started trading it in 2021. There are so many landmark moments for Bitcoin this current year. First, it reached an all-time high value in mid-April but later went down drastically within a few days. Yet, volatility is not a strange thing in the world of cryptocurrency. Despite these significant price fluctuations, several experts predict that there will be a stunning twist and a great surge in Bitcoin value presently. This is the $100k mark!
For several investors, the past few weeks have been a complicated one. There are many who are worried that the downward trend of the digital currency makes it a risky investment. However, other experts and investors understand that a highly volatile investment like Bitcoin must experience stunning price fluctuations. Indeed, such spikes will only result in more improvements and incredible Bitcoin value. Bitcoin has no central authority - it is based on open-source software. This means that decision-making authority is shared among its members. This is the main reason why its price fluctuates constantly.
After it reached an all-time high value of $65k earlier this year, many investors tailored their investment strategy towards dabbling in Bitcoin. However, since bitcoin price depends solely on market trends and investors, it is never wrong to posit that it is bound to break the $100k barrier in a short period. As of the time of writing, this is more feasible in 2022. In spite of this, different prominent figures suggest that institutional investors might end up being the driver behind the virtual currency's value in 2022. Away from this, it is essential to trade with a good app, including Bitcoin Era app.
The Involvement of Institutional Investors
As technological advancement keeps changing the world, the roles of high-tech companies are becoming more prominent. However, they also contribute more than this: Investments in Cryptocurrency. It is believed that with the intrusion of these investors, Bitcoin will surpass the $100k landmark sooner rather than later.
When the Bitcoin value reached an all-time high, many investors were stunned. Even though the increase in the interest it gathered contributed significantly to this, top companies also played a major role. The stance of the famous Billionaire Elon Musk - with millions of followers and influence across the far reaches of the globe - also had a huge impact on the value rise.
The value of Bitcoin started rising as soon as Tesla declared that his organization had purchased Bitcoin that was worth $1.5 billion. The prices went up rapidly to over $58k within a few weeks. In the opinion of several experts, the prediction of the value of Bitcoin in the long-term is almost impossible and the major contributors to this are the Bitcoin whales. A survey was conducted among a group of 42 crypto experts. As many as 61% of them believed that despite its inherent price volatility, it will experience a massive surge in value in 2022.
Conclusion
Bitcoin has often been seen as the future currency. Indeed, some even predicted that it would surpass Gold in value. Also, while we cannot pinpoint the exact value Bitcoin will assume at any point, what we know is that Bitcoin is set to increase rapidly once more as several contributors keep driving its value higher. Will it reach $100k? Only time will tell.