Thursday, February 10, 2022

Bitcoin Outlook 2022


          "On 3 January 2009, the Bitcoin network came into existence with Satoshi Nakamoto mining the genesis block of bitcoin (block number 0), which had a reward of 50 bitcoins. Embedded in the coinbase of this block was the text: The Times Jan/03/2009 Chancellor on brink of second bailout for banks." (wikipedia)


     Bitcoin prices are tempting to assess.  Cryptocurrency is a volatile investment.  

     Quad-annually, “the halving,” where the supply of new crypto coins rewarded to miners gets cut in half, is up for debate.  Thus far, this has occurred in 2012, 2016,  and 2020.  In comparison to stock investment peaks and troughs, now is the time to invest.

     Blockchain led us into the cryptocurrency generation.  Bitcoin started off at $0.  Now, moving into 2022, Bitcoin is worth $41,730.60.  

     There's a new demand for old coins.  

     There's an overwhelmingly positive performance of Bitcoin.  It's an amazing currency, and a great purchase. We know this rollercoaster ride won't last.  It's not over, yet.

     Why is Bitcoin so outstanding?

     Trading Bitcoin is easy. Liquidity. Bitcoin is a priority for lots of advanced platforms.  Exchanges are making room for BTC.  Online brokerages are at attention.  Cash conversion transactions are quick.  Currency transfers are available. Profitability + liquidity.  Market demand has them in the short term and long term brackets to outrun the competition.

     Inflation is upon us.  Cryptocurrency is close to achieving herd immunity from inflation. BTC has a low risk of inflation. BTC is currently going through government scrutiny.  Governments will produce there own versions.  The blockchain system expands infinitely.

     Bitcoin provides investors with new opportunity.  The entire cryptocurrency outlook hasn't been among us that long.  Patterns are completely evolving.  New coins are becoming mainstream, daily.  All of the volatility involved constructs a pathway for huge gains.

     Trading is excessively convenient.  The term is minimalistic trading.  Unlike stock trading, no license or certificate is required.  It is convenient to enable buying and selling, on a whim.  The trade is instant.  Stock trades take days.


          "30% of small business merchants in the United Arab Emirates, Hong Kong, Singapore and Brazil plan to offer customers the option to pay using cryptocurrency in the coming months. Digital currencies have taken off in each of those jurisdictions.  19% of small businesses in the United States, and 8% in Canada expect to offer cryptocurrency as a payment option in 2022." (Reuters)


     United States cryptocurrency regulations are on the horizon.  These regulations, once imposed, should strengthen the ecosystem and boost investor confidence. As of February 2022, the U.S. President administration has been preparing an executive order concerning cryptocurrencies.  The Feds wish to upskill agencies and departments with a coordinated policy response.  There is an accent on maintaining U.S. global leadership.  The Feds are raising the digital currency, CBDC, Central Bank Digital Currency.

     Bitcoin is decentralized.  Anonymous transactions. CBDC is controlled by a central bank.  The central bank will have a record of users and their transactions.


          "It is a good time to look for some opportunities, some of which are trading at a substantial discount to where they were just a few weeks ago." (nasdaq)


     Crypto: BTC, "Bitcoin is an innovative payment network and a new kind of money." (bitcoin.org)

     Volatility vaporization.  The outlook on Bitcoin investments for 2022 is nice.