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Bitcoin Could Drop Below $12,000 This Crypto Winter
Bitcoin Could Fall Below $12,000 This Year, Leading British Economist Says
Feb 9, 2022
1 min read
Peter JanssenMarket expert

Bloomberg expects $100,000, FSInsight $200,000.

If BTC’s historical fluctuations repeat, Bitcoin will fall to $11,515 by November 2022, 83% below the historical peak reached in November 2021, according to Neil Ferguson, a cryptocurrency skeptic and author of The Ascent of Money.

According to American investment strategist Lyn Alden, bitcoin will fall below $30,000 in 2022 due to the tightening of the Fed's policy, writes bits.media.

Bitcoin is on its way to becoming a global digital instrument. Rising demand and regulatory clarity in 2022 will see bitcoin reach $100,000, according to Bloomberg Intelligence.

According to the American consulting company FSInsight, this year the first cryptocurrency will be able to exceed $200,000, and Ethereum - $12,000.

From other news. It became known that at the end of last week, the Canadian exchange fund Purpose Bitcoin ETF bought 1.75 thousand BTC in two days, which could lead to a sharp increase in the price.

Investment company Valkyrie Investments has received SEC approval to launch an exchange-traded fund (ETF) based on the shares of companies that receive at least 50% of their profits through mining.

US authorities have confiscated $3.6 billion worth of bitcoins stolen from the Bitfinex crypto exchange and also detained people involved in its hack in 2016.

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