While many altcoins are experiencing explosive price volatility, the Bitcoin BTC, 0.76% markets have been quiet as of late – in the last two weeks, Bitcoin has traded in a tight range, with the market remaining undecisive. At this time, it is still unclear whether the 2018-2019 BTC bear run has already reached a bottom at around $3,200 or if there are still lower price levels left to be explored.
Because the direction of the market is still uncertain, this is a perfect time to take a look at some Bitcoin price predictions. We’ve collected some of the most interesting BTC predictions made this year by notable industry figures, cryptocurrency traders, and popular community figures. As always, price predictions should be taken with a grain of salt, but they can offer some interesting perspectives.
Bitcoin Price Predictions from 2022
Lucid Investment Strategies: $10 million per Bitcoin is a possibility
Let’s kick off with arguably the most optimistic scenario possible for Bitcoin. In a speculative blog post from January, Lucid Investment Strategies’ D. Tyler Jenks and Leah Wald write that they believe it is possible for BTC to reach a $10 million price tag in the future if it successfully replaces sovereign currencies, becoming the reserve currency of the world.
However, the pair writes that altcoins that aim to replace Bitcoin will have to crumble first before BTC can go on to conquer new all-time highs. Jenks and Wald also predict BTC will head below the $1,000 mark before it goes on its next big run.
Tom Lee: Bitcoin will reach $25,000 again
Fundstrat analyst Tom Lee is well-known for his bullish stance on Bitcoin, although his $25,000 prediction for 2018 did not quite pan out. In a January 25 interview with Fox Business, Lee stated once again that Bitcoin will eventually reach the $25,000 mark, but didn’t provide a timeframe for his prediction.