Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
Priced at just over USD $51,000 as of December 7, the CIO of Bitwise is very unlikely to be doubled this year. But it will next year.
As 2021 began, many analysts and crypto ecosystem insiders were predicting thatBitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. would break the $100,000 mark later this year. In fact, as late as October there were those who continued with the prediction, for example, Jaime Rognzinski, founder of the renowned investment groupWallStreetBets.
However,Bitcoin has not reached those heights. Its highest price, as we can see in none , was on November 10, when it reached USD $68,744.03.
Nothing is known in the crypto market. However, that exaggerated optimism at the beginning of the year, when some were talking about a price of even USD $200k by 2021. already deflated.
At the end of this year, now begin the spokesmen who retract the high projections and believe that we must think of more realistic numbers.
For example, the chief investment officer (CIO) of BitwiseMatt Hougan, said now that “not so sure” that Bitcoin reach USD $ 100K in 2021, as there is little time left to break that goal (even if it is not yet possible to reach USD $ 100K in 2021). (which, to be honest, you never know, it’s very difficult to predict).
After a sudden big drop in the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. market, it’s unlikely thatBitcoin break new all-time highs in the next three weeks and climb to $100,000, Hougan said.
“USD $ 100.000 para fin de año es una predicción difícil de hacer […] Creo que USD $ 100.000 podrían ser el objetivo en 2022, pero este año, no estoy tan seguro”, dijo Hougan en una entrevista ayer con Bloomberg.
Institutions will be key
He noted that a potential cryptocurrency rebound in 2022 is largely due to growing institutional support. “I think as we look ahead to 2022, we still have these fundamental drivers, the institutions that we talk to every day at Bitwise.”Hougan said, adding that many institutions are still moving into the market an area or arena, online or offline, in which commercial dealings are conducted. for the first time.
The CIO also stressed thatEthereum a decentralized open-source blockchain with smart contracts functionality. was the asset of this year o. He also predicted that 2022 will see a“explosion of activity built on Ethereum”. and layer one solutions, or those that aim to improve the base protocol the set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain. itself to scale the overall system rather than creating a different protocol.
“Investors will look to Ethereum, Solana or Polygon. Investors are starting to realize that cryptocurrencies are more than just Bitcoin. . If there is a bigger story for next year, it will be everything else: cryptography a field of study and practice to secure information, preventing third parties from reading information to which they are not privy. like DeFi, NFT, Web3 or metaverse”, Hougan.
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