From a bitcoin crash to regulatory crackdowns: Analysts give their top 2022 predictions for crypto
Alexander warned of history repeating itself. In 2018, bitcoin tumbled close to $3,000 after climbing to a high of nearly $20,000 a few months earlier. The cryptocurrency's backers often say that things are different this time, as more institutional investors are jumping into the market.
A common investment case for bitcoin is that it serves as a hedge against rising inflation caused by government stimulus. Lowenstein said there's a risk that aStocks that are inflation plays are moving closely with cryptocurrency, Trivariate Research found Still, not everyone is convinced the crypto party will end in 2022. "The biggest risk factor, namely [quantitative tapering] by the Fed, has been decided and likely priced in already," said Yuya Hasegawa, crypto market analyst at Japanese digital asset exchange Bitbank.A big development crypto investors are on the lookout for in 2022 is approval of the first spot bitcoin exchange-traded fund in the United States.
Futures are financial derivatives that oblige an investor to buy or sell an asset at a later date and for an agreed-upon price. By tracking futures prices instead of bitcoin itself, experts say, ProShares' ETF could be too risky for novice traders, many of whom are invested in crypto.
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