Since Bitcoin appears to be neither suitable as a payment system nor as a form of investment, it should be treated as neither in regulatory terms and thus should not be legitimised. Similarly, the financial industry should be wary of the long-term damage of promoting Bitcoin investments - despite short-term profits they could make (even without their skin in the game). The negative impact on customer relations and the reputational damage to the entire industry could be enormous once Bitcoin investors will have made further losses. Bitcoin 2022 price As of today, Bitcoin is about four times as volatile as gold, the strategists, led by Nikolaos Panigirtzoglou, said in the report. At this level, Bitcoin’s total market value would be on par with that of all gold held privately for investment purposes, they said.

In the world of cryptocurrency, no name looms as large as that of bitcoin. It is, pretty much, the original crypto. The plan has always been for there to be 21 million BTC in existence and, once the full 21 million bitcoins are minted, that will be it. So what happens then? And how much will each bitcoin be worth? Bitcoin Price Prediction Indicators Bitcoin has rebounded from major losses before, and its long-term growth remains impressive. Before the pandemic boom in crypto prices, its value hovered well below $10,000. True believers, who call themselves Bitcoin maximalists, remain adamant that the cryptocurrency will eventually break from its correlation with risk assets.