Eps 1538: Future expectations for cryptocurrency investments

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Rhonda Romero

Rhonda Romero

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This guide discusses our bitcoin price predictions both in the short term and the long term, touching upon bitcoins utility, its future potential, and where you can invest BTC today -- at a lower trading cost. In terms of Bitcoin price prediction 2050, it is extremely hard to gauge the Bitcoin price this far into the future, because there could be factors in play that can dramatically alter the cryptocurrency markets landscape. Cryptocurrencies are an unpredictable asset class, and no one truly knows just how high the bitcoin price can go. With prices this high, and governments wondering how best to regulate these coins, there is plenty of risk to investing in bitcoin.
As we mentioned before, the markets are incredibly volatile, so nobody is going to ever tell you an accurate price in the coming years. We can speculate about the value cryptocurrencies could hold for investors over the coming months and years , but the reality is it is still a new, speculative investment with little history on which to base predictions. While bitcoin might not be the next cryptocurrency to boom, because of bitcoins maturity in the larger marketplace, it still has significant backing from the investing community. Bitcoin is a good industry gauge as it is the largest crypto by market capitalization, and the rest of the markets tend to follow its trends.
Bitcoin is the leading cryptocurrency currently in the crypto industry by capitalization and by volume per month. Bitcoin has been considered as one of the best crypto investments in the long-term for years because of the status that bitcoin has in terms of being a market leader. Despite bitcoins recent troubles, the success of bitcoin since it launched in 2009 has inspired alternative cryptos like Etherium, Litecoin, and Ripple. The rise of Bitcoin has spurred a debate over the future of Bitcoin as well as that of other cryptocurrencies.
Bitcoin had a market cap over $2 billion at its peak, but the 50% drop immediately after has ignited an intense debate over the future of cryptos in general, and of Bitcoin specifically. Investors looking to purchase cryptocurrencies and get exposed to blockchain technology helped boost the Bitcoin price in subsequent years, seeing the price reach $250 in 2013.
Blockchain technology is used extensively in the cryptocurrency markets today, but as recently as 2009, when BTC was launched, the concept was foreign to the majority of industries. Ethereum is considered by many the best cryptocurrency to invest in, since it uses blockchain technology in more innovative ways than Bitcoin.
Considering all of the huge price predictions by industry experts suggesting Bitcoin will one day replace all currencies around the world, it is easy to understand why many are bullish on Bitcoin, and why bitcoin price predictions can get up to these lofty numbers, from thousands, even more than $1 million USD per BTC. Speculations by cryptocurrency analysts and industry experts have suggested Bitcoins long-term value may hit more than $100,000, and possibly even over $1 million dollars per BTC, in the future. Bill Noble, Chief Technical Analyst of TokenMetrics, a crypto analytics platform, believes Bitcoins price will rise through the remainder of the year.
In 2023, the bitcoin price could experience sharp fluctuations, leading to bitcoin prices falling -- the main cryptocurrencys value could likely range between $13,530 and $26,136. The algorithm suggests that in July 2022, BTC could be worth $18,968, but in October, it would be worth $30,575.
Bloomberg Financial News Service has predicted Bitcoins price to be $400,000, while JP Morgan Chase, the megabank that developed its cryptocurrency for clients, has pegged bitcoins long-term price to be $146,000. Based on industry experts predictions and high-profile investors, it is easy to see how the rise in Bitcoin can be massive, given the current price near $31,000. Experts are certain the price of bitcoin could boom in the long run, racing past $100,000 before growing tenfold to surpass $1 million before the turn of the decade. Finding the next cryptocurrency that will boom out of more than 18,000+ cryptocurrencies could be overwhelming.
Our team of dedicated crypto analysts and investors has researched a multitude of projects and narrowed down to the next cryptocurrencies to blow up. In this article, Changelly will give you bitcoin price predictions over the coming years and will attempt to figure out whether or not this is a good investment.
Security and Exchange Commission chairman Gensler recently hinted investors could soon get access to cryptocurrency ETFs, which would be a new, more mainstream way of investing in cryptocurrencies. While the SEC greenlighted the launch of ProShares bitcoin strategy ETF this year, the product tracks futures contracts for bitcoin, not giving investors direct exposure to bitcoin itself. By tracking futures prices instead of bitcoin itself, experts said ProShares ETFs may be too risky for neophyte traders, many of whom are new to investing in cryptocurrency.
As such, the vast majority of brokerages and crypto exchanges will now let users invest in Bitcoin -- with many also offering derivatives markets. Additionally, with more platforms making space for bitcoin trading, the market is expected to grow among individual traders and investors.
It is probably going to take a lot longer for Bitcoin to become a sensible financial decision for spending money on goods or services, but additional institutional adoption may lead to a greater number of use cases among day-to-day users, which will, in turn, impact crypto prices. However, with bitcoins growing popularity, it is quite possible the regulations surrounding bitcoin may shift even further in the not-so-distant future, almost certainly having an effect on the Bitcoin price.