WorldCoinIndex Predicts Bitcoin Will Reach Over 20,000 Euros in 2022
WorldCoinIndex has released a report on the meteoric rise of the cryptocurrency, Bitcoin, and has predicted that in 2022, it will be worth well over 20,000 Euros per coin. The rise of cryptocurrencies to date has been undeniably impressive, but this new prediction takes things to another level entirely. Here are the numbers WorldCoinIndex used in its calculations
In the past four months BTC has rallied from 2,500 euros to 8,200 euros Bitcoin has been on a rally since early September. The price of bitcoin has gone from 2,500 euros to 8,200 euros over the course of the last four months.
What caused the rally? The WorldCoinIndex has predicted that the price of bitcoin will reach over 20,000 euros in 2022. This is due to a number of factors. For one, the cost of mining bitcoins will continue to rise as the difficulty of solving an equation increases. Secondly, there is a finite supply of bitcoin that can be mined – so as more coins are mined and put into circulation, demand for those remaining coins will go up.
Why this bull market won’t end like previous ones One of the most common questions I get from people is how this bull market will end. That’s a fair question because we’ve seen the market grow about 400% over the past year and if that trend continues it could reach over 100,000 euros by 2020.
How high will it go? Bitcoin has been making headlines lately for its incredible price rise. Many are wondering how high it will go, and when the bubble will burst. Some analysts have predicted that Bitcoin could reach over 20,000 euros by 2022. This is a far cry from today’s current price of roughly 10,300 euros. The cryptocurrency market is volatile and unpredictable. No one can say for sure what will happen to the price of Bitcoin over the next few years.
A look at historical patterns The WorldCoinIndex has a forecast of bitcoin reaching over 20,000 euros by the year 2022. This is an astonishing number considering the current value of bitcoin is hovering around 5500 euros.
Is cryptocurrency here to stay? Cryptocurrency is here to stay. WorldCoinIndex predicts that the price of bitcoin will reach over 20,000 euros by 2022. This means that if you invested 100 euros today, your investment would be worth about 135 euros in 4 years.