Peter Johnson – Expert Evaluates Vital Catalyst for Bitcoin Bulls in 2022
Venture Capital company Jump Capital’s partner Peter Johnson believes Bitcoin boasts many bullish catalysts this year, driving its adoption and price higher.
Peter Johnson Highlight Major BTC Bullish Catalyst in 2022
Peter Johnson, who heads Jump Capital’s fintech and crypto investment arm, said that he remains bullish for the crypto market and BTC in 2022 regardless of the current depression in the market. He highlights that the prevailing volatility in Bitcoin comes as individuals still consider the asset risk and speculative as a store of wealth. Johnson also stated that the massive derivatives liquidations affected the crypto space.
Nevertheless, the analyst remains bullish as far as BTC’s long-term actions are concerned. He trusts that the crypto marketplace and Bitcoin are preparing for massive surges this year.
The expert mentioned the current concern about increasing inflation as BTC’s first catalyst in 2022. Johnson considers backdrops in macroeconomic a health thing for Bitcoin. That is because it may see more investors finding store of wealth assets to keep their BTC wealth.
He also highlighted a massive capital to flow into the cryptocurrency market. As a venture capitalist, Johnson believes there are lots of hedge capital awaiting to pour into the crypto spectrum.
The final catalyst for BTC price in 2022 is that marketplace has drawn lots of talents. He pointed that renowned individuals globally are venturing into the crypto industry. Johnson believes these factors are vital in ensuring positive trends in the crypto industry this year.
BTC Price Sees Some Breather from Massive Crash
As market players await the long-term facets to play out, BTC price appears to consolidate within the $41K range. While publishing this content, BTC noted a slight climb, exchanging hands around $42,082. Meanwhile, the coin is yet to overcome its bearish trends.
Coinglass data also indicates that market liquidation slowed down. The past 24 hours saw Bitcoin liquidations worth $52 million, lower than yesterday’s more than $142 in liquidations. Market players remain in wait & watch mode to see BTC’s upcoming price direction. Keep in mind that Bitcoin’s Fear & Greed has risen.
Stay around for the latest developments in the crypto space.
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