Bitcoin Value 2022 Prediction by Standard Chartered
According to the British Bank, Bitcoin Value will reach the $100,000 mark by the end of this year or by early 2022. It will double its current value of $50K. The longer-term value for Bitcoin is predicted to be $175,000. Currently, bitcoin is trading around $50K. Additionally, Standard Chartered also predicted that Ethereum or Ether could hit 10 times its current price by the end of 2021. The cryptocurrency had set a new all-time high of $64K, earlier this year. And now we The analysts are correct and Bitcoin reaches the $100K mark, then this will be a whole new level for Bitcoin.
What they said
Geoffrey Kendrick, head of the Research Team, said: “As a medium of exchange, bitcoin may become the dominant peer-to-peer payment method for the global unbanked in a future cashless world,”. He added, “Cyclically, we expect a peak around $100,000 in late 2021 or early 2022”.
Bitcoin Value & Ether Value Dip and Recovery
As mentioned Bitcoin is trading around the $50K mark while Ether is trading above the $3500 level at the time. Ether is the 2nd largest cryptocurrency by market capitalization. It is expected to reach $35000 in 2022. This will be 10 folds of what it is now. On Tuesday, both Bitcoin Value and Ether saw a dip in the market. However, Nick Spanos, co-founder of Zap Protocol, described it as a false dip. He assured me there is nothing to worry about.
After the dip, Bitcoin and Ether Price recovered slightly on Wednesday. On Tuesday, Bitcoin dropped below the $45K level. As of now, it has recovered, not great though. It is presently up by around 2% due to which its current value is above $46K.