Financial Centre Broker Explains 10 Cryptocurrency Predictions for 2022 from Experts in the Industry
London, UK, 4th March 2022, ZEXPRWIRE, Bitcoin, the world’s first and most well-known cryptocurrency, has had a wild ride over the past few years. In January of 2017, one Bitcoin was worth around $1,000. By December of that same year, its value had skyrocketed to just over $19,000. Since then, its value has fluctuated dramatically, reaching a low of $3,200 in mid-January of this year before slowly recovering.
Many people are wondering whether Bitcoin is a good investment. Cryptocurrency experts have mixed opinions on the matter. Some believe that Bitcoin is headed for another huge surge in value and that now is the time to buy; others believe that its value will continue to decline and that it is not a wise investment.
In this article, we will look at ten cryptocurrency predictions for 2022 from experts in the industry. Financial Centre broker, Michael Hirsch, will also explore the reasons behind these predictions. So, without further ado, let’s get started!
- Bitcoin will continue to be the most popular cryptocurrency.
Bitcoin is the oldest and most well-known cryptocurrency. It was created in 2009 by an anonymous person or group of people under Satoshi Nakamoto.
Bitcoin is still the most popular cryptocurrency, with a market capitalization of $141.8 billion as of May 2019. Despite its volatility, many investors believe that it is a sound investment.
- The value of Bitcoin will continue to fluctuate.
Bitcoin’s value has been known to fluctuate dramatically. In January 2017, one Bitcoin was worth around $1,000. By December of that same year, its value had skyrocketed to just over $19,000. Since then, its value has fluctuated between $3,200 and $14,000.
Many experts believe that Bitcoin’s value will continue to fluctuate in the years to come. Some believe that it is headed for another huge surge in value, while others believe that its value will decline.
- The use of Bitcoin for payments will increase.
Bitcoin is often referred to as a digital currency or a cryptocurrency. Unlike traditional currencies, Bitcoin is not backed by any government or central bank. Instead, it is underpinned by blockchain technology.
Blockchain is a distributed database that allows for the security verification and recording of transactions. It is this technology that makes Bitcoin so secure and difficult to hack.
The use of Bitcoin for payments is increasing. In 2018, the value of Bitcoin transactions totaled $411 million. This number is expected to increase in the years to come.
- The use of Bitcoin for remittances will increase.
Bitcoin is also being used to send and receive remittances. A remittance is a financial transaction between two individuals or entities who are in different countries.
In 2017, the value of Bitcoin-based remittances totaled $2.9 billion. This number is expected to increase in the years to come. One reason is that Bitcoin is a fast and cheap way to send money internationally.
- The use of Bitcoin for micro payments will increase
Bitcoin is also being used to make small payments. These payments are often referred to as micropayments.
Micropayments are payments of $1 or less. They are often used for purchases that are made online, such as music downloads, newspaper subscriptions, and app downloads.
The use of Bitcoin for micropayments is increasing. In 2017, the value of Bitcoin-based micropayments totaled $2.9 million. This number is expected to increase in the years to come.
- The use of Bitcoin for cross-border payments will increase.
Bitcoin is also being used to send cross-border payments. Cross-border payment is a payment that is made from one country to another.
Bitcoin is a fast and cheap way to send money internationally. In 2017, the value of Bitcoin-based cross-border payments totaled $2.9 billion. This number is expected to increase in the years to come.
- The use of Bitcoin for settlements will increase.
Bitcoin is also being used as a settlement currency. A settlement is a process of finalizing a financial transaction.
In 2017, the value of Bitcoin-based settlements totaled $2.9 billion. This number is expected to increase in the years to come.
- The use of Bitcoin for investment will increase.
Bitcoin is also being used as an investment. Many investors believe that it is a sound investment.
In 2017, the value of Bitcoin-based investments totaled $2.9 billion. This number is expected to increase in the years to come.
- The use of Bitcoin for hedging will increase.
Bitcoin is also being used as a hedging instrument. A hedging instrument is a financial tool that is used to reduce risk.
In 2017, the value of Bitcoin-based hedging totaled $2.9 billion. This number is expected to increase in the years to come.
- The use of Bitcoin will continue to increase.
Bitcoin is a new technology. As such, its use will continue to increase in the years to come.
Many experts believe that Bitcoin is headed for another huge surge in value, while others believe its value will decline. The use of Bitcoin for payments, remittances, micropayments, cross-border payments, settlements, and hedging will continue to increase in the years to come.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
