With bitcoin currently at record highs, the chances of a price crash seem greater than ever as some investors decide to take the profits they have made.
Cryptocurrencies are an unpredictable asset class and nobody really knows just how high the price of bitcoin could go. But with the prices so high and governments looking at how best to go about regulating these coins, the risk of investing in bitcoin are very high.
As always with investing, it is impossible to really tell how 2022 will look for digital currencies. But with certain trends occurring repeatedly throughout the history of bitcoin, there are some reasonable predictions.Price volatility will likely remain, changes to how cryptocurrencies are regulated should be expected and finally, the mainstream adoption of cryptocurrencies will continue.