Bloomberg Crypto 2022 Outlook
"Incentivized by China's ban and the proliferation of revolutionary technologies such as crypto dollars and non-fungible tokens (NFTs), we expect the U.S. to embrace cryptocurrencies in 2022, with proper regulation and related bullish price implications. Stable coins may be misnamed, as most of them track the dollar. The unlimited supply of fiat currency should sustain rising prices, notably in Bitcoin and Ethereum, which have limited supply. What might trip up the advancing three musketeers -- Bitcoin, Ethereum and crypto dollars -- may be the more profound question for 2022, but we expect wider adoption to prevail and overcome most wobbles, like 2021's near 50% correction."
"Bitcoin appears to be on a trajectory for $100,000. We see it as more of a question of time, notably due to the eonomic basics of increasing demand vs. decreasing supply. There are ample examples of Bitcoin simply staying on course in 2022 of its process of adoption into the mainstream. U.S., Canadian and European exchange-traded funds and futures, migration into the 60/40 mix and legal-tender status in El Salvador point to a bull market in global adoption."
Read full Bloomberg Crypto 2022 Outlook HERE.