Investors on the wagon: bitcoin can be worth up to $112,800 by 2022

Cryptocurrencies are a relatively new phenomenon, but it has consolidated its position in the market, with various phases of ups and downs. At the same time that new cryptocurrencies have been created, new currents have emerged in blockchain technology and, today, more and more people use cryptocurrencies as a form of payment or a trading instrument, despite its high volatility.

In this context, StormGain, a leading international platform for cryptocurrency trading, has launched the CryptoResearch 3.0 report, a comprehensive study on the cryptocurrency market and its prospects.

Since its launch just three years ago, StormGain has grown dramatically to become one of the leading brands in the cryptocurrency trading industry. With more than 120,000 active users and more than 25 cryptocurrency pairs available to trade, StormGain is now a major player in the industry, which is why it has produced this report, thanks to the significant accumulated experience of its experts.

The study raises the main risks for the cryptocurrency market, although it is considered that they could not cause a collapse in prices, such as the constant threat of restrictions by regulators, rising inflation in some areas of the world or the possibility of creation of their own cryptocurrencies by powers such as China or the US. Another important factor is the increase in electricity consumption derived from mining activities.

Despite these factors, the growth forecast of assets such as Bitcoin estimates the maximum value of the cryptocurrency at $ 112,800 by 2022.

Translated by Caoimhe Toman