Fundstart: The price of bitcoin will reach $ 200,000 in the second half of 2022.

A subsidiary of Fundstrat, an investment advisory firm, recently published an article explaining why it expects Bitcoin and Atrium prices to reach $ 200,000 and $ 12,000, respectively, in 2022.

In a note entitled “Digital assets in the post-cyclical world”, FSInsight said on Friday that the correlation between bitcoin prices and the stock market had risen sharply in the last three months of last year, according to Quin Desk. At the same time, when this digital currency faced the shrinking monetary policy of the US Federal Reserve, it lost much of its value.

Sean Farrell, director of the company’s digital currency, said the correlation was already more pronounced with the inflow of existing stock market capital into the digital currency market, the correlation between bitcoin technology stocks and the digital currency market in general. It has also grown.

According to Farrell, bitcoin is still the king of the digital currency market. According to him, although this digital currency started this year with many fluctuations, in the second half of the year it could reach the price of 200,000 dollars.

Office Insight also explained that decentralized finance (DeFi), non-profit tokens (NFT) and other areas of Web 3.0 have brought great growth to the Atrium network.

According to the report, the value of the Atrium network is lower than its actual value compared to other cloud platforms, and this year the price of Atrium, the network’s own token, could reach $ 12,000.

Some market participants are optimistic that Atrium will change its consensus algorithm from proof of performance to proof of availability this year. According to OFS Insight, if this happens, the Atrium network will face a large inflow of capital without being affected by the performance of bitcoin.

The publication Fundstart: The Price of Bitcoin Reaches $ 200,000 in the Second Half of 2022 appeared for the first time in Digital Currency.

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