Bitcoin: price predictions are now bearish
Bitcoin: price predictions are now bearish
Bitcoin

Bitcoin: price predictions are now bearish

By Marco Cavicchioli - 13 Dec 2021

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A number of downward predictions regarding the price of Bitcoin have been starting to circulate for a few days now. 

The bearish scenario

The bottom line is that Bitcoin is now for all intents and purposes an integrated asset within the financial markets, so its value is inevitably affected by the economy as a whole.

Thus, a number of analysts predicting a bearish scenario for the financial markets think that this could end up impacting the price of Bitcoin as well. 

Bitcoin down: predictions from Natixis Investment

A few days ago, for example, Natixis Investment Managers published a report called the 2022 Global Institutional Investor Outlook in which it reports on the results of a survey of 500 institutional investors who collectively manage more than $13 trillion, including pension funds, insurance companies, and sovereign wealth funds. 

The survey covered many asset classes, and for cryptocurrencies it revealed that more than half of the institutions surveyed believe there could be a correction in 2022

Despite this, four out of ten analysts consider cryptocurrencies to be a legitimate investment option: 28% already invest in cryptocurrencies, while 90% say they will maintain or increase their crypto positions.

Bitcoin forecast downside
A decline is expected for Bitcoin

However, nine in ten predict that central banks will need to regulate them and few see their potential to replace store of value (25%) or fiat currencies (28%). Around 30% believe cryptocurrencies have the potential to help developing nations. 

To be fair, many of the institutions surveyed said they expected a correction in many other asset classes as well, but cryptocurrencies are the most likely to do so. 

Bitcoin predictions by Rich Dad Poor Dad author Robert Kiyosaki

The renowned author of Rich Dad Poor Dad, Robert Kiyosaki, also believes that a major correction in all markets is likely in 2022. 

In fact, Kiyosaki believes that a crash followed by a depression is on the way. 

He argues that the Fed and President Biden are creating “fake inflation” and that this will also have negative implications for gold, silver, real estate and Bitcoin. 

However, it should be remembered that Kiyosaki has been arguing this for some time now and that in the meantime, for example, US stock indices have been posting record after record. 

These forecasts do not indicate a timeframe though. While they do mention 2022 as the year of the correction, they do not specify the period of the year when this might happen, suggesting that a rise before the crash is still possible. 

Marco Cavicchioli

Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ".

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