Bitcoin Will Reach $200K-300k by the End of 2022
Some economic analysts predict a big change in crypto is forthcoming as institutional money enters the market. Moreover, there is the possibility that crypto will be floated on the Nasdaq, which would further add credibility to blockchain and its uses as an alternative to conventional currencies.
Bitcoin (BTC) price prediction is a precarious affair despite the host of analysts and investors hoping to make a profit. Bitcoin's value is determined second-by-second, day-by-day by a market that never ends or gets closed. As a cryptocurrency's value is determined by an open market, this presents massive challenges around volatility that most currencies do not face. While cryptocurrency price prediction is an ever-moving target, market literacy is essential for someone to get the most value out of their participation in the crypto economy.
More true predictions about bitcoin
His next prediction was about bitcoin price to get highly close to 7-9k.
"BTC Price will reach 7k – 9k at the very end of 2019," he said on the 11th of April 2019. As 2019 was coming to its end, the price of bitcoin was hovering around the $7,300 mark. Many predictions were off this mark, especially from bitcoin evangelists that were too optimistic with their estimates. Ali's prediction became true and at the end of 2019, the closing price was about 7240$. See Ali Mizani's prediction chart here.
The Future of Bitcoin
Bitcoin news are omnipresent. The revolution just started. Hence, it was for real revolutionary for the financial markets, Bitcoin and other cryptocurrencies became mainstream.
Ali Mizani thinks the trend is going to be upwards. Now that bitcoin is around 16000$, a lot of analysts think that the US election 2020 may have influenced the price, but he thinks that was a normal trend and with or without the effects of the US election on bitcoin price, no doubt, the trend had to be upwards.
He thought BTC will reach $18k to $20k by the end of 2020 and again he was right again. And good news, it is not going to be the end of the line. He thinks the BTC price can and will reach $200k to $300k by the end of December 2021 to March 2022.
Final words
Cryptocurrency's future outlook is still very much in question. Proponents see the limitless potential, while critics see nothing but risk. Managing the risk is the first thing to think of. All investors who are going to work with cryptocurrency today must understand what the currency is about and have a clear plan of action for all sorts of scenarios. ETP's are exchange-traded products and an Active ETP like the one described above, can be helpful about managing the risk of investing in cryptocurrencies.