Analysts say 2022 will be ‘defined by agility and cost-efficiency’ instead of ‘blockchain purity’

Blockchain is a ‘disruptive technology’ that experts predict will define the future, but it could also be viewed as an evolutionary step for blockchain in 2022. The industry has yet to see what big names are hiding up their sleeves and traditional players like Amazon or IBM have been quiet on their involvement with this new technology until now.

The “will crypto go up in 2022” is a question that has been asked by many people. The answer to this question is yes, but it will be defined by agility and cost-efficiency instead of blockchain purity.

Analysts say 2022 will be ‘defined by agility and cost-efficiency’ instead of ‘blockchain purity’

 

In 2021, the whole crypto ecosystem made significant progress toward broad acceptance, and now that the year is almost over, many are predicting price predictions for 2022.

Many experts have called for a $100,000 (BTC) price by the end of 2021, and although this is implausible, most investors believe the crucial price level will be reached before the second quarter of 2022.

Here are some of the Bitcoin price forecasts for 2022, according to experts.

Bitcoin is still on course to break the $100,000 barrier.

Since PlanB’s stock-to-flow model wrongly forecast a $98,000 BTC price by the end of November, even though the model had been spot on from August through October, analysts have been more hesitant to make off-the-cuff Bitcoin predictions.

While some traders are disputing the stock-to-flow price model’s veracity, crypto expert and pseudonymous Twitter user ‘DecodeJar’ believes BTC will exceed the $100,000 price mark within the next few months, and that the price may reach $250,000 by the end of 2022.

Model of the top sliding scale in #Bitcoin.

1/ Conservative/early projection: At the same pace, halving-to-top is projected: 7 Jun 22. 2.618 Wave 5 Extension: $190,233

2/ Extreme/late projection: 19 Dec 22 expected at the same pace from bottom to top. Wave 5 3.618 Extension: $251,971.

pic.twitter.com/XP605JZgXg XP605JZgXg XP605JZgXg XP605J

December 12, 2021 — Steve (@decodejar)

Based on Elliot Wave extensions and Fibonacci retracement levels, DecodeJar predicts Bitcoin attaining a “conservative price objective” of $190,233 by June 7 as illustrated in the tweet above.

DecodeJar warned in a follow-up tweet:

“While price and time projections are merely a guide, combining this range with additional signs as we approach closer to the peak may allow for a clean exit near the top.” I like the lower end of the range, about $190,000.”

Regulations will be implemented in 2022.

David Lifchitz, managing partner and chief investment officer of ExoAlpha, provided insight into the future of the whole cryptocurrency ecosystem, stating that “crypto’s will still be present in 2022” in the sense that “governments will not outlaw them.”

“They want to control them to keep cryptos on a tight leash compared to fiat currencies and also view them as a source of taxation money to refill their coffers,” Lifchitz said.

To address the dangers associated with cryptocurrency, the @FinStbBoard should design a worldwide regulatory framework. In the newest #IMFBlog https://t.co/ZIZ6ggxuIu pic.twitter.com/P0TTSLi8SR, learn more about the policies that are required.

— International Monetary Fund (@IMFNews) December 9, 2021

Lifchitz projected that as the DeFi ecosystem grows and develops new features, banks and insurance firms would be compelled to adjust their business models to be competitive, while “middle-man enterprises are more at danger as DeFi makes them obsolete.”

When it comes to the NFT craze, Lifchitz raised doubts about the sector’s capacity to maintain its breakneck growth rate, and he addressed some of the deeper worries that authorities may have going ahead.

According to Lifchitz,

“It’s become so heated that I can’t help but worry if they’re not being utilized for money laundering…” I get that there is a lot of money floating about owing to central banks that has to find a home, but the NFTs in 2021 remind me of the Dot.com period in mid-1998, when there’s still opportunity for a parabolic price bubble followed by a crash.”

In terms of the hoopla around the developing Metaverse, Lifchitz noted that although it seems that we are on our way to a future that resembles scenes from the film Ready Player One, “where people seek shelter in a virtual world because their actual reality is dreadful,” our world is still “years away.”

Creating a route for the crypto industry to develop via improved regulation is related.

Adoption in large numbers is expected to continue.

Despite indicators of short-term weakness, Loukas Lagoudis, managing director of ARK36, a crypto and digital asset hedge fund, “firmly thinks that the overall positive trend for the crypto market will continue in 2022.”

“The sustained adoption of digital assets by institutional investors and their further integration into legacy financial systems will be the main drivers of growth of the crypto space in the next year,” according to Lagoudis, who believes that institutions will begin to favor “digital assets over gold as a reserve asset” in 2021.

According to Lagoudis,

“In addition, since digital assets have persistently outperformed conventional asset classes, we expect investors to consider digital asset allocation as part of their risk management plan, particularly given the rising inflationary economic climate and falling bond rates.”

“The trend seems to be favoring blockchains that concentrate on performance, dApp development, and are slightly more centralized,” according to Jean-Marc Bonnefous, head of asset management at Tellurian ExoAlpha.

According to Bonnefous, this is a major shift from previous patterns, which favored initiatives “focused on security, store of value, and that are more decentralized, such as BTC and even Ether.”

According to Bonnefous,

“In general, the market seems to value business agility and cost-efficiency above blockchain purity, which is a significant shift from previous years.” This profitable relative value trade will very certainly continue until next year.”

The author’s thoughts and opinions are completely his or her own and do not necessarily represent those of Cointelegraph.com. Every investing and trading choice has risk, so do your homework before making a decision.

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Analysts say 2022 will be “defined by agility and cost-efficiency” instead of “blockchain purity.”. They believe that the idea of blockchain is outdated, and that we’re moving towards a decentralized internet where data is stored in many different locations. Reference: bitcoin price prediction 2023.

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