Analyst Highlights 3 Bullish Catalyst For Crypto Market This Year

A partner at venture capital firm jump Capital, Peter Johnson, believes that Bitcoin has a lot of bullish catalysts in 2022 that will drive up its adoption and prices.

 

In the recent interview with CNBC, Peter Johnson stated that he is bullish on Bitcoin in 2022 despite the current market scenario. He highlights that Bitcoin’s current volatility has some of its roots in the fact that it is still considered to be a speculative store of value and a risk asset. He also pointed out that because of massive liquidations in the derivatives market, many Cryptocurrencies have been affected.

 

Johnson claims that Bitcoin and Crypto market is setting itself up for the bullish rally in 2022.

 

“Zooming out, I think what’s really important is what we’re setting ourselves up for this year. I think there are several very positive catalysts for Bitcoin and for crypto.”

 

The very first catalyst was the current market-wide concern over rising inflation. Johnson considers the macroeconomic backdrop to be “very good for Bitcoin.”It is going to bring more investors seeking a store of value assets to preserve their wealth to Bitcoin.

 

Johnson also mentioned that there is a massive amount of capital poised to be moved in the Crypto market. He points out that many hedge funds are looking to enter the Cryptocurrency ecosystem.

 

The last catalyst he highlights is that the Crypto space was attracting a lot of talents. He said that “the smartest people in the world are building in crypto these days.” He suspected that these factors were going to play major roles in bringing positive growth to the Cryptocurrency market in 2022. 

 

Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice

A partner at venture capital firm jump Capital, Peter Johnson, believes that Bitcoin has a lot of bullish catalysts in 2022 that will drive up its adoption and prices.

 

In the recent interview with CNBC, Peter Johnson stated that he is bullish on Bitcoin in 2022 despite the current market scenario. He highlights that Bitcoin’s current volatility has some of its roots in the fact that it is still considered to be a speculative store of value and a risk asset. He also pointed out that because of massive liquidations in the derivatives market, many Cryptocurrencies have been affected.

 

Johnson claims that Bitcoin and Crypto market is setting itself up for the bullish rally in 2022.

 

“Zooming out, I think what’s really important is what we’re setting ourselves up for this year. I think there are several very positive catalysts for Bitcoin and for crypto.”

 

The very first catalyst was the current market-wide concern over rising inflation. Johnson considers the macroeconomic backdrop to be “very good for Bitcoin.”It is going to bring more investors seeking a store of value assets to preserve their wealth to Bitcoin.

 

Johnson also mentioned that there is a massive amount of capital poised to be moved in the Crypto market. He points out that many hedge funds are looking to enter the Cryptocurrency ecosystem.

 

The last catalyst he highlights is that the Crypto space was attracting a lot of talents. He said that “the smartest people in the world are building in crypto these days.” He suspected that these factors were going to play major roles in bringing positive growth to the Cryptocurrency market in 2022. 

 

Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice