Will bitcoin's value increase over time?

Many experts are hesitant to predict a number and a date, especially a full eight years into the future, but rather point to the trend of bitcoin increasing its value over time.

Will bitcoin make its way back to $28,000 by 2022?

Given that Wall Street is in a bear market and experts expect it to last for a few more months, bitcoin could make its way back up to $28,000 by the end of the year, according to an analysis from Deutsche Bank. Meanwhile, a 53-expert panel reported by Finder expects bitcoin’s price to reach at least $25,000 by the end of 2022.

What factors affect the price of bitcoin?

Normal economic factors influence the price of cryptocurrency just like any other currency or investment — supply and demand, public sentiment, the news cycle, market events, scarcity, and more. As a new and emerging asset, additional factors influence bitcoin’s value more than the average currency or security. Here are some:

What will happen to bitcoin if the dollar strengthens?

"Both the S&P 500 and bitcoin move with global money translated into dollar, bitcoin just moves more... If the dollar strengthens then global M2 money growth slows, which could tighten US financial conditions. If US financial conditions tighten, a high-powered speculative asset like bitcoin would likely fall significantly," Bannister said.