Why Bitcoin maynot reach 100k in 2022
As you guys can see I'm saying that Bitcoin might not hit 100K in 2022 and this my personal opinion from my analysis
As 2020-2021 we have seen a big bull run and bear market from April 2021 many people thought that Bitcoin might reach 100k in 2022, it might happen but more chances(stats) are saying it might not
Here are the some of the reason why?
1. Market numbers :-
Market numbers mainly means numbers the crypto market is around 2 trillion now and Bitcoin around 42K with 800 Billion marketcap so, for Bitcoin to reach 100K we should be standing at 1.8 Trillion that's like the total crypto marketcap for this day
For this to happen most of the people blindly should invest in Bitcoin rather than the Altcoins which is not good for some investors why? Check point 3.
2. Bitcoin Dominance :-
Here some of the stats which show the old vs new dominance of Bitcoin in cryptomarket
This is the recent stats of cryptomarket where Bitcoin is nearly half of it's dominance from 3 years.
3. Investors Greed :-
In crypto anything can happen just like that people didn't thought there will be various kinds of crypto might emerge with various utilities and this made the investors to greed more for Altcoins than the Bitcoin if you invested in Bitcoin 2 years back you might have made 3 or 4 times your money but if you have invested in Ethereum or Binance you might be sitting more than the 10x to 15x this changed the game of crypto investors, new coins and tokens emerge the people are tending towards them
Actually it is not a bad sign, in one way it's the best because people are finally getting into crypto understanding them and new trends like Play2Earn, Dexs and Metaverses are the future
But that's only bad for Bitcoin if this continues the altcoins dominance increases
This is how the Bitcoin Dominance works
If you want to know more about the top trends to invest in crypto 2022 check this article
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Source :- Google, Blogs, CoinMarketCap,
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