Bitcoin could reach $200,000 and Ethereum $12,000 by the second half of 2022

However, there is undeniably a greater side to it all as the returns that are generated through this market remain unmatched on many levels. You must have heard about individuals, traders, investors, and other types of participants becoming rich through cryptocurrency. This is due to the fact that the market is highly opportunistic and is filled with uncertainty at every level. You can learn more about bitcoin trading through trading software like Immediate Bitcoin App

Needless to say, it does not deter millions of people from entering into the crypto industry, which reflects their willingness to make the most out of their digital assets. Cryptocurrency has already proved its worth, and it is the only type of industry that has been seen to make significant strides in a short period of time. The rate of rebounding in the market is incredibly high, which can be attributed to the fact that the industry is highly dynamic and its nature is well known among the users. Now, when it comes to dominance in the crypto ecosystem, Bitcoin steals the spotlight most of the time, and it barely goes out of the mainstream media.

Picture 1 of Bitcoin could reach $200,000 and Ethereum $12,000 by the second half of 2022

The unprecedented rise in the prices of Bitcoin & Ethereum is admirable

The prices of Bitcoin were heavily affected during the wake of the Russian & Ukrainian war. However, the quick recovery made by Bitcoin was effective enough to drag this digital asset back on track. The recovery seems to be way more promising than any other year, and cryptocurrencies are being heavily used by people worldwide. Even most of the donations that Ukraine has been the recipient of also came in the form of Bitcoin, and the sting of war was healed to the most extent through cryptocurrency.

It leads us to a point where the overall prices of such forms of efficient cryptocurrencies are going up significantly. The rise in prices of Ethereum & Bitcoin is a sheer indicator of the fact that the influx of investors is inevitable. You might even wonder what leads to such an increase in the prices of any digital asset? Well, the answer is quite simple. When the users of any product or services become large in numbers that the supply of such products falls short, then it is inevitable for the prices to go significantly higher. This is exactly what's happening with the crypto scenario.

Dissemination of precise knowledge pertaining to cryptocurrency pays off

The increasing reliance of countries on the crypto industry is eventually propelling the prices of such digital assets. Bitcoin is soon expected to hit the milestone of $2,00,000 in the near future, whereas Ethereum is also expected to go higher, at least by the margin of $12,000. The predictions might come to fruition in just the second half of the year 2022, which is a colossal achievement for such digital assets. The resulting increase in the prices of Bitcoin will be as much as 500% which will be around $2,00,000 as far as one unit is concerned.

On the other hand, the second-most prominent cryptocurrency in the world, Ethereum, is also expected to go as high as 400%, which will approximately be about $12,000 as far as one unit is concerned. The overall investment in the crypto industry has undeniably skyrocketed in the last few years, which has led to such exponential growth of cryptocurrency. The market capital of all the emerging cryptocurrencies is constantly rising due to the entrance of millions of new users into the market. Prominent crypto exchanges spread across the world had not been as busy as they have been lately due to the deluge of new users entering the market.

The rising popularity of cryptocurrency can also be attributed to the fact that awareness about such digital assets has gone up significantly in the last decade, which paved the way for an efficient digitized world.

Kareem Winters

Update 14 February 2022