Latest Bitcoin Price Predictions and Trends 2022. What Affects the Bitcoin Price? Will Bitcoin be the Future Gold? Is Bitcoin Investment Safe? Bitcoin is one of the most popular and oldest cryptocurrencies in the world. It is the pioneer of the blockchain technology revolution we have seen all over the world. However, the coin has received tight competition from the altcoins it once forged a path for. Most of them are gaining on BTC, even though its value against the USD remains the highest. The frequent gains and losses have been a big concern for investors. But the Bitcoin price predictions shared by different experts are working wonders in enlightening every crypto enthusiast on which direction to take. For now, let’s cut to the chase and dive into insights that show the current BTC price prediction and trends to know what the future looks like.

Brief Bitcoin Price History

Bitcoin (BTC) has been on several price rallies and crushes ever recorded in the history of cryptocurrency. No wonder, it is the most volatile. In 2008-09 when it was introduced, the value was $0.08, then from $1 at the beginning of 2011 and then jumping to $32 mid-year. 2013 was rather ridiculous because the crypto started at just $13 and gained up to $220 and then crashed to just $70 in a matter of weeks. More gains were witnessed in 2017 where BTC value against the USD rose from $1,000 to $20,000 within a year. This is one of the most incredible gains recorded in the history of Bitcoin. As of the time of writing, the crypto is valued at $49,140. And from the short history, we have looked at, it is evident that Bitcoin has been on an upward growth. Bitcoin price history and trends are some of the factors experts look at to make Bitcoin price predictions to guide investors and enthusiasts.

What Affects the Bitcoin Price?

All cryptocurrencies, including BTC, are volatile and their prices are subject to sudden changes dues to many factors. Look at these here: ·      Bitcoin is scarce – There is a finite number of Bitcoins in the world, and currently, it is between 18 to 19 million coins. It has been confirmed several times that the minting of BTC will only go up to 21 million. Well, this is not a bad thing because its demand can only go higher. Right now, everyone is rushing to buy while the mining process introduces only a few BTC into circulation at a time. This scarcity raises the price higher and higher by the day. ·      Regulation of Bitcoin – This may sound confusing because we have already mentioned that no one regulates Bitcoin. However, there are rules that affect Bitcoin transactions in many countries. You will be surprised to learn that you cannot trade Bitcoin in countries like China, Egypt, and Indonesia, among others. However, experts are lobbying to have crypto accepted all over the world. ·      Adoption – How people accept and uptake BTC affects its price directly. This is among the Bitcoin price predictions that you should know if you are interested in cryptocurrency investment. If you want to know the demand of BTC and other crypto by buyers, visit the Loop market platform and peruse all their products. As mentioned, more and more people are looking to buy Bitcoin. Experts say that things are looking better as it will become more stable. ·      Bitcoin mining and halving – One of the most dynamic processes in Bitcoin is mining, which involves detailed algorithms. Halving is dividing the rewarding system of Bitcoin mining to gain more rewards in the process. How this is done determines the current price of the coin.

The Future Security of Bitcoin

If Bitcoin were unsafe to invest in, many people would ditch it and the price would go down significantly. But the blockchain has been working hard to patch all of the security loopholes. It has learned from the past hacking and malicious infiltration events that have hit the headlines at different times. One of the Bitcoin price predictions says that the more secure the investors feel, the more the uptake and demand, which increases the price stability. It is easy for anyone to think about their digital asset’s security before they try any investment.

The Future Role of Governments

Governments from developed countries such as the USA, Russia, and others have in the past made attempts to take control of the BTC. But it still remains decentralized and free from any single entity. Their goal is to track its transactions, which is what Bitcoin is also trying to avoid. However, all eyes are on the US government, which has been working on approving the first Bitcoin EFT. With this, all transactions can be tracked by the Securities and Exchange Commission (SEC). According to Paul Whelan, one of the crypto and financial experts, SEC will increase the financial stability and people will have somewhere to invest securely. Consequently, the price of the coin will increase significantly as people make a rush to invest. This is among the Bitcoin price predictions and trends that will take effect soon.

Will Bitcoin be the Future Gold?

We all know that gold is valuable, scarce, and one of many ways to invest. So, is Bitcoin according to the past trends? According to financial experts, the two have uncanny similarities, making many wonders whether BTC will replace gold in the future. One of the things that give BTC an edge over Bitcoin is that it is intangible and online while gold is physical and hardly online. This may have made BTC more popular in the past. That is why the Bitcoin price predictions say that this future gold will only grow in value, especially when it is minted to the limit.

So, is Bitcoin Investment Safe?

According to Bitcoin price predictions by experts, the coin’s future has many faces. No one can tell what exactly will happen in years to come and it is only a prediction based on past trends. If you are planning to invest, it is worth knowing that you are taking risks just like any other crypto investor and enthusiast. Whether Bitcoin investment is safe or not is a subjective discussion. It is better that you research widely and consult to make an informed decision. Should you invest practice caution to make sure that your investment remains safe throughout.