According to a statement sent to investors this week by the Fundstrat subsidiary Fsinsight, bitcoin might hit $200,000 by the middle of the year. There is “legacy market capital joining the fold” to explain the rapid expansion in the company, according to Fsinsight’s head of digital asset strategy, Sean Farrell.
‘Bitcoin to Reach $200K In H2 2022, Ethereum To Jump 400%’Fsinsights:
A few months after last year’s $100K bitcoin price predictions remained silent, the projections for this year are starting to reappear. BTC might rise to roughly $200K per unit from its current price of 500%, according to the Fundstrat business Fsinsight.
From Sean Farrell, head of digital asset strategy at Fsinsight and the source of the BTC price prediction. Crypto assets have a bright future, according to Fsinsight and Fundstrat’s research director, who recently said that bitcoin has “exponential growth” ahead of it.
According to the investor’s note from Fsinsight and Farrell, “legacy market money [is] entering the fold” as a result of the entry of significant corporations. While tech companies were still performing well, bitcoin and the rest of the crypto market cap were all down in 2018, Farrell said. Federal Reserve chair Jerome Powell has signalled that interest rates could rise at the Fed’s March meeting.
Policymakers in the United States, according to Fsinsight, could slow the price of of the most valuable crypto asset. “All assets might sell off and plummet another 50% if the Fed raises 4% tomorrow or next month,” Farrell wrote in the note. Bitcoin and ethereum have a lot higher upside than a downside right now, as things stand.
In the meantime, the value of digital currencies has risen over the last week, with bitcoin (BTC) rising over 13% and ethereum (ETH) rising over 13%. According to Fsinsight’s forecast, ethereum’s USD value will rise in the second half of 2022. According to Fsinsight’s investor’s report, ETH might rise by more than 400 percent, reaching a price of over $12,000.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.