What Will the Bitcoin Price Be on December 31, 2022, at 12 PM EST? 

The world’s initial and most popular decentralized Digital currency Bitcoin (₿) has had a hard year so far in 2022 with the price of a Bitcoin 안전한카지노사이트 (BTC) currently trading under $40,000 after a formative decade that has seen the invisible money go from 8¢ to over $68,000. 

Can We Expect to See Bitcoin Falling Further in 2022? 

“Despite the volatility and recent slumping price, many experts still say Bitcoin is on its way to passing the $100,000 mark, though with varying opinions on exactly when that will happen.” According to a Time.com Next Advisor story last year. 

“And a recent study by Deutsche Bank found that about a quarter of Bitcoin investors believe Bitcoin prices will be over $110,000 in five years.”

But remember this study by Deutsche Bank was used with the rich and those who could actually afford to buy a Bitcoin (or 11), who had a vested interest in the cryptocurrency because they already own it and think everything everywhere always rises in value. 

“Despite a new high and continued volatility, experts still expect Bitcoin’s price to increase to above $100,000 as early as this year.”

But alas, words are just words and no markets continue in one direction forever so maybe this is a kind of irrational exuberance in The Digital Age. Tulips were huge in Europe until they weren’t and Pokémon cards blew up worldwide also, so one never knows with Hype. 

“The most knowledgeable educators 에볼루션카지노 in the space are predicting $100,000 Bitcoin in Q1 2022 or sooner,” NYC-based Certified Public Accountant Kate Waltman, told NextAdvisior back in November 2021. They were off. Way off. We don't have cookies for them.

We are in the second quarter of 2022 and bitcoin was below $40,000 earlier in the day.There are a few things to keep in mind when investing in cryptocurrencies. It's not and will never be as cash as cash. A very unstable currency. It is used by bad guys and is in limited supply.

#Bitcoin will fall below $400,000 in the future. pic.twitter.com/PgU3eIi0Im

So in about 10 years the excitement will subside and the reality is Bitcoin could hit $100,000. And some have even chirped about BTC at $1 million? 

The price of BTC is down 10% already this year, Bitcoin trading is down significantly, and the market value of all Cryptocurrencies has lost $60 billion in a definite pause, or a Bullish market, or slowing of growth or interest or whatever it may be for each BTC owner. 

And over the past year Bitcoin—trading at $39,777.90 on April 24, 2022— was down 20.53% (-10,275.50) after many rollercoaster rides within given years and this recent volatility pattern has seen Bitcoin trading in the $40,000 to $60,000 range. 

Online oddsmakers at BetUS have put up an entertaining 에볼루션미니게임 Prop bet on where the price of Bitcoin will be on December 31, 2022, at 12 pm EST with 11 different possibilities to wager on from $0 to $9,999 USD (40/1) all the way up to Above $100,000 USD (+275). 

What Will the Price of Bitcoin Be on December 31, 2022? 

• $0 to $9,999 USD +4000
• $10,000 to $19,999 USD +900
• $20,000 to $29,999 USD +650
• $30,000 to $39,999 USD +550
• $40,000 to $49,999 USD +500
• $50,000 to $59,999 USD +450
• $60,000 to $69,999 USD +500
• $70,000 to $79,999 USD +600
• $80,000 to $89,999 USD +900
• $90,000 to $99,999 USD +1400
• Above $100,000 USD +275

Inflation, Russia, Volume Makes Bearish on Bitcoin? 

So let’s handicap where we think the price of BTC will be on New Year’s Day 2023 as this year is about one-third over and the Cryptocurrency currently sitting under $40,000 USD. And a great way to handicap Futures markets is using the process of elimination. 

Unless the world falls apart in the next eight months—a distinct possibility when I look at my TV lately—the chance BTC closes between the low-end $0 to $9,999 USD (40/1) and the high-end “Above $100,000” USD (+275) doesn’t seem realistic. So we toss those two. 

And the other three odds longshots in this market—of $10,000 to $19,999 (9/1), $80,000 to $89.99 (9/1), and $90,000 to $99,999 (14/1)—would mean either a major free fall in the price for BTC for the former or too much ₿ullishness for eight months for the latter. 

So a range of between $20K and $80K seems logical and there are six levels of betting that range, eliminating those first five. The $20,000 to $29,999 range (+650) seems very logical to me with this downward drift, slog in Ukraine, and lack of trading interest now. 

That would mean falling another $10,000 to $20,000 from where it is today, but it seems more likely those holding BTC 에볼루션게이밍 won’t want to buy after losing 20% in a year, and those who feel burned buying from $50K and on up likely just waiting for $45K and then $50K again. 

So the $30,000 to $39,999 range (+550)—where it barely sits right now—the $40,000 to $49,999 range, and that aforementioned $20-29,999K range is to be the sweet spot for the closing price of Bitcoin on December 31, 2022, at 12 pm EST (11 pm CST/9 pm PST). The $50,000 to $59,999 (+450) range is already preferred in this financial betting market. Buyers are optimistic about Bitcoin.

As a cryptocurrency, Bitcoin is a success story, with sportsbooks allowing cryptocurrencies as a means of payment, mostly by digital artists using Ethereum (ETH or Ξ) to purchase artwork for non-fungible tokens (NFTs). By others only for investment.

BetOnline was the first sportsbook to accept Bitcoin in 2010, and industry pioneer and CEO Eddie Robbins III bought NFT Bored Digital Ape #320 for $375,000 during the week of this winter's Super Bowl. It has received a lot of attention.

Therefore, it and other cryptocurrencies are like highly volatile invisible stocks that often use the term "currency." Then there really is Bitcoin. Also, some governments like El Salvador have embraced Bitcoin and used it as a national legal tender. 

So because of the elimination of middlemen or layers of nothingness, the Blockchain allows transactions via a recorded public distributed ledger which is all verified through Cryptography through network nodes. Complicated, yet brilliantly simple in many ways. 

Bitcoin was invented in 2008 by a person or an unknown group of people who still remain a mystery to this day named Satoshi Nakamoto and began use in 2009 when released as an open-wear software and BTC could be purchased for just 8¢ in July of 2010. Wut. 

Yes. Eight cents. If you spent $100 on BTC 8¢ in July of 2010 you could have snagged 1,250 Bitcoins, and even after this $20,000 dip over the last year, your 1,250 BTC’s at $40K a pop would be worth $50 million USD. Not bad for a speculative bubble maybe. 

By 2011, one BTC had already attained parity with the US Dollar, and soon everyone knew about it with many still confused about something they couldn’t hold in their hands or something not backed by The Gold Standard or their own national Federal Reserves.