Bitcoin’s Price Prediction for 2022

0
1173

One of the most discussed topics of 2022 is bitcoin. One of the various reasons is the rapid price drop that negatively impacted people’s investments. However, the immense profit and returns it has offered before the fall were mind-blowing and persuaded people to continue investing in it. But due to the high volatility and instability, some people feel it is not a legit and safe investment method.

Have you invested in bitcoin, or are you planning to invest in bitcoin anytime soon? If yes, then you’ve landed on the right page! This article will help you understand the bitcoin prediction for 2022 and the outcomes your investments are likely to show.

An outline of bitcoin market prediction 2022

Bitcoin is the world’s leading crypto product and has made a record of hitting a market capitalization of $902,104,193,384.61 at the start of the year. These promising returns forced millions of people to purchase bitcoin even without complete knowledge of the same.

Unfortunately, on 31st January 2022, the price of bitcoin crashed and dropped to $36146.25. Despite the fall and loss, many people believe that the price will rapidly increase, just how it sank.

As of 7th March 2022, bitcoin was trading at $37,858.20.

Till now, 2022 has been a roller coaster for bitcoin and the people who have bought it. Due to the high volatility, the bitcoin price prediction for 2022 and its accurate forecast can be misleading. But here are some significant predictions of bitcoin that will help you understand if it is worth investing in bitcoin in 2022 or just a loss of time and money.

Unocoin: Crypto ka Super App is a bitcoin trading platform that allows users to trade and invest in crypto products easily. It has unique features like deposits via Mobikwik UPI wallet enabling users to invest conveniently. It is safe and easy to use and works well on Android and iOS devices. Bitcoin is a mind-blowing opportunity to trade fiat money, and if you’re looking forward to investing in bitcoin, Unocoin is your best choice!

The growing demand for stablecoins

Stablecoins, commonly known as crypto products, have showcased massive demand and interest in 2022, persuading millions of people to invest in them. And undoubtedly, bitcoin tops the list of having the highest number of purchasers in 2022.

With the growing technology, the entire world is getting digitized, and so is the currency. But do these stablecoins have a legit future, and is the crypto product the end of the world? Will the bitcoin future value predictions show positive results? Let’s find out!

In August 2021, U.S. Securities and Exchange Commission Chair Gary Gensler’s statement regarding stablecoins changed the whole perspective. He said that it was high time to regulate crypto product markets for the benefit of the public. Not just him, other regulators also called an urgent meeting to regulate stablecoins.

In the past, regulators have shown this level of attention and interest to only the essential financial components like money market funds and banking systems. But now, stablecoins are receiving the same level of engagement. It indicates that bitcoin and other crypto products play a significant role in today’s world and have a bright future. The bitcoin prediction 2022 supports the same!

Rise of Central Bank Digital Currencies (CBDCs)

With the rise in demand for crypto products, the need to launch Central Bank Digital Currencies (CBDCs) has become the need of the hour. If you aren’t aware of CBDCs, it is a digital currency issued for public use by the central bank. However, they are still in a conceptual or trial stage of development and have not launched yet.

The main reason to launch CBDCs is due to the benefits it offers, a few of which are listed below:

  • They support the resilience payments landscape.
  • Help to avoid the risks of private money creation.
  • It will improve the availability and sustainability of the central bank money.
  • Help to address the consequences of a decline in cash.
  • Meet the needs of payments in a digital economy.

The debate about the need for a digital currency for public use is taking a positive turn. However, many points like the balance limits for CBDCs, interest rates, deposits, and others require clarity and are still processed.

But the thought of having CBDCs in the future is strong proof that stablecoins and crypto products are of high importance and will gain much value in the upcoming years. Hence bitcoin future value predictions will show you a positive impact on your holdings.

Crypto Products escalate tax enforcement

Another solid reason why bitcoin won’t disappear or disappoint and the bitcoin prediction 2022 will show a rise in the graph is the taxes applicable on the gains. The Government of India has stated that the profits made from digital trading by crypto product agencies are taxable under the Goods and Services Tax (GST) and the Income Tax Act, 1961.

The Reserve Bank of India had not legally registered bitcoin or any other crypto product as the legal tender. Also, the taxpayers are against the 30% tax on the gains. Due to this, the guideline for taxability on these digital assets is not very clear and are expected to revise. However, the Ministry of Corporate Affairs (MCA) has made strict rules to reveal crypto product investments and trading history during the financial year.

The above point means that companies dealing with virtual currencies have to disclose the following information:

  • Profit and loss on the crypto transactions.
  • The total number of crypto products held.
  • The deposits and advances made for purchasing these digital currencies.

The government will charge taxes on crypto products based on this.

As of 7th March 2022, Indians have invested $5.3 billion in crypto. Blockchain analytics shows that the Indian investment in crypto products will be $6.6 billion by the end of 2022. According to several other reports, most youngsters today purchase bitcoin and other crypto products. Over 20 million crypto investors increased in India in 2021.

This rapidly increasing number of investors is an opportunity for the government to enforce taxes on the gains to enhance the country’s economy. Hence the government will never think of eliminating these virtual currencies. The bitcoin price prediction 2022 says that the price will rise in the future, and looking at the amount of money the government will make, it seems true.

The expansion of blockchain beyond financial services

Blockchains were introduced in 2008 by Satoshi Nakamoto but have gained immense importance in recent years. To all those who aren’t aware, blockchains are digital ledgers that maintain a record of all digital assets. With the growing amount of digital assets and crypto products, the blockchain system is experiencing a significant expansion.

Earlier, bitcoin technology was limited to only digital assets and crypto products. However, today we witness the expansion of many blockchains beyond financial services. Some of its contributions apart from financial services are listed below:

  • Improves logistic management

You can now store and transfer products (mostly perishable products) safely and efficiently using blockchains. It helps you handle the packaging, storage, distribution, and quality testing efficiently without any issues. Blockchains help maintain the authenticity of the products a
t each step, thus leading to a smoother logistic system.

  • Enhances data management

A blockchain system helps companies collect data about their products accurately with ease. This data is managed by recording the details of the products and the entries. In addition, all this data is collected securely with high security. Furthermore, blockchains are time-stamped, thus helping cut down the cost of the overall data management.

Looking at how fast bitcoin technology is expanding beyond financial services, the bitcoin price prediction for 2022 seems to convince people to purchase bitcoin.

Bottom line

Despite the bumpy ride bitcoin faced at the start of the year, the bitcoin shows prices have only risen ever since. And considering the benefits it has to offer to the future, bitcoin will gain immense importance in the upcoming years.

FAQs

  1. Can bitcoin crash to zero?

The bitcoin blockchain and other crypto products are unpredictable and volatile. However, the chances of crashing to zero are very thin and mostly impossible. But in case it ever happens, it will be impossible to trade bitcoin and use them as a mode of exchange.

2. What will bitcoin be worth in 2023?

As per predictions, the bitcoin price in 2023 can be as high as $100,000. However, this is not the exact number due to the volatility it shows.

3. What is the bitcoin prediction for 2025?

Studies show that the graph for the bitcoin value continues to grow, and in 2025 the bitcoin cost will increase by 60% than its current price. This prediction means that the bitcoin price in 2025 may be close to $400,000

Unocoin is India’s first and the most secure bitcoin trading app. This exchange app was founded in 2013. You can buy and sell bitcoin instantly using the Instant Buy and Sell feature. Not just this, you can also buy ETH and Sell ETH in no time. With more than eighty-seven coins listed on this best cryptocurrency exchange in India, you can also accept bitcoin from your friends from any location. You can also know which cryptocurrency works best for you with the price ticker and notifications. The most popular cryptocurrencies like Bitcoin (BTC), Ether (ETH), USDT (Tether), BNB, Ripple (XRP), Cardano (ADA), Solana (SOL), Binance USD (BUSD), Dogecoin (DOGE), Polkadot (DOT) and other popular altcoins can be traded on the go. The new Android and iOS applications make Unocoin the best cryptocurrency app. With the unique feature of the Systematic Buying Plan, you can buy and sell bitcoin and Ether periodically. What more? You can start your crypto journey using SBP for as little as INR 10. With another exciting feature called Crypto Basket, you can diversify your crypto portfolio based on market capitalisation (Market Cap) or Volume. These two excellent features make Unocoin the best cryptocurrency platform.

Love Crypto Coins. Love Unocoin.

Please find the list of authentic Unocoin accounts for all your queries below:

Disclaimer:

Crypto products are unregulated as of this date in India. They could be highly volatile. At Unocoin, we understand that there is a need to protect consumer interests as this form of trading and investment has risks that consumers may not be aware of. To ensure that consumers who deal in crypto products are not misled, they are advised to DYOR (Do Your Own Research).

LEAVE A REPLY

Please enter your comment!
Please enter your name here