As investors bid farewell to 2021, the global crypto market cap increased 2.44% in the first saadollar series of the new year. While many altcoin projects have failed to stave off the bearish trend, st and crypto trader Alex Kruger expects “a strong crypto market in early January, driven by inflows of funds.” Let’s take a look at the January price predictions of the Bitcoin analisdollar series that we compiled Kriptokoin.com .
Analisdollarser expects a warm January
Alex Kruger took to Twitter to analyze Bitcoin returns in early January over the past four years. Interestingly, a positive return has been noted each time in the king crypt’s model. Kruge shares Bitcoin’s January performance since 2018:
- 2021 36%
- 2020 13%
- 2019 7%
- 2018 18%
First week of the year effect$BTC returns first week of:
2021 +36%
2020 +13%
2019 +7%
2018 +18%Bears killed santa, but have you heard of the Wise Men?
— Alex Krüger (@krugermacro) December 28, 2021
Carol Alexander, Bitcoin
Unlike Alex Kruger, University of Sussex finance professor Carol Alexander expects sharp Bitcoin corrections next year. Alexander told CNBC that BTC could drop as low as $10,000, wiping out all gains due to a “lack of fundamental value.” He even invites investors to move away from Bitcoin:
If I were an investor now, I would consider exiting Bitcoin soon because its price will likely crash next year.
On the funds flow front, Coinshares has hinted at the largest weekly outflows on record totaling $142 million in its latest weekly report. The exchange shared the following analysis and chart:
Bitcoin saw a total of $89 million in outflows, well below the $150 million outflows seen in June.
However, Ricardo Salinas Pliego, the third richest person in Mexico, recently urged his Twitter followers to invest in Bitcoin this new year. In his video message translated from Spanish, he noted:
Stay away from fiat money… it’s fake money made of paper and lies. Central banks are printing more money than ever before. Invest in Bitcoin.
Analisdollarser thinks institutional demand could increase
However, Genesis Global Trag’d Noelle Acheson said that next year Bitcoin (BTC) and predicts strong institutional interest in crypto companies. In a recent interview he said:
The corporate growth over the last 12 months has been amazing. We are seeing strong signs that this will accelerate next year, through both direct token investment and investment in the crypto market infrastructure companies themselves.
He also estimated that the year saw the birth of 40 crypto unicorns out of 65 names in the market. However, Acheson noted that Bitcoin is no longer the only option for large investors:
Also, we are seeing greater interest from institutions in a more diversified crypto portfolio… the industry has really just differentiated itself from the market leader, I think.
Finally, Acheson noted that many investors are currently branding the two major cryptocurrencies and going for some of the riskier but also higher-yield tokens that represent technological advancement and new hand expressions.
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