Bitcoin could rise to $400,000 this year, according to Quantum Fintech.
According to Harry Ye, founder and managing partner of Quantum Fintech Group, the cryptocurrency market will soon enter a new cycle of super growth due to the policies of the US Federal Reserve and the widespread adoption of stablecoins, writes bits.media.
“The current situation is very similar to the 2017 bull market. We are definitely in the middle of a bull market, but it differs from the previous growth cycle with the massive use of stablecoins, which can push the market up,” said E. And it is quite expected that in such conditions, BTC could rise in price by 10 times.
At the end of 2021, Harry Ye said that the main reason for the rise of Bitcoin is the depreciation of the US dollar due to the policy of the Fed, which prints new money.
Swiss Seba Bank CEO Guido Buehler believes that in 2022 there will be a massive influx of institutional investors into the crypto market, which will push bitcoin up to $75,000. However, Doubleline Capital CEO and billionaire Jeffrey Gundlach believes that we need to wait for BTC to fall to $25,000 and only then buy.
Bloomberg Commodity Strategist Mike McGlone believes that Bitcoin is completing its transition from risky to risk-free, which will take BTC to $100,000. Crypto billionaire Brock Pierce is confident that Bitcoin can reach $200,000 in 2022.
300 small banks will offer bitcoin to customers in the first half of 2022, writes newscryptocoin. In the past few months, banks have been busy resolving regulatory issues. Small banks are counting on the adoption of cryptocurrencies to help them stay afloat.