The price of bitcoin fell below $40,000 in early January as protests and unrest broke out in Kazakhstan, one of the world's three most important virtual currency mining nations.
In a report published in the Russian newspaper Gazeta, author Uxana Ryshtova noted that the price of Bitcoin rose slightly on January 11, trading within $41,700.
Several experts believe that the political crisis in Kazakhstan played a major role in this decline, as the country accounts for around 18% of global bitcoin mining, however, there are other factors that have contributed to this decline. The price of the world's top-ranked digital currency fell.
Why is the price of Bitcoin falling?
Artem Dave, chief analyst at "A Markets", believes that the price decline of bitcoin and other cryptocurrencies at the end of last year was mainly due to the new measures taken against the stock market.
Dave emphasized that the annual inflation rate in the United States has risen to 6.2%, reaching a record level not seen in the United States for more than 30 years. It is now possible to judge that the Federal Reserve is about to tighten monetary policy by raising interest rates.
Dave went on to say that the returns of investing in stocks, currencies and all risky assets, including cryptocurrencies, will automatically decline as interest rates rise, so in the last phase, investors have chosen to avoid buying Bitcoin, Ethereum and other digital currencies.
According to Dave, developments in Kazakhstan have also had a negative impact on the price of Bitcoin.
Sergey Billy Hood, a financial analyst from the financial company "Finam", said that after the Chinese authorities put pressure on the mining activities of digital currencies, there was a large exodus of practitioners in the field, thus making the scale of mining in Kazakhstan. Significant developments have occurred.
Billy Hood added that Kazakhstan, which has become the world's third-largest cryptocurrency mining nation, has seen a 13 percent drop in the total computing power of its mining rigs due to internet shutdowns following escalating anti-government protests.
But crypto-asset market expert Alan Chomsky believes that the events in Kazakhstan did not affect the cryptocurrency market, stressing that the decline in the prices of these currencies is only due to the level of supply and demand.
Bitcoin’s value reached its highest level in November last year and crossed the $68,000 threshold. As demand declines, Chomsky expects bitcoin to fall below $30,000 in value.
What will Bitcoin experience in 2022?
Dave believes that in the coming period, the price increase of Bitcoin and other cryptocurrencies will be related to the stability of the global economy and the reduction of interest rates by central banks, as these situations will attract investors to invest in risky assets.
Dave added, “Given that this year will see massive interest rate hikes by banks around the world, it is unlikely that cryptocurrencies will see any price appreciation before investors return strongly to cryptocurrencies in the second half of 2022. That's what could happen if the deal is between $20,000 and $30,000."
Dave continued, “The lower value of the asset will attract many people to invest in cryptocurrencies, driving the price higher at a later stage.”
On the other hand, Billy Hood believes that the U.S. stock market has put a lot of pressure on cryptocurrencies, especially Bitcoin, recently. In a worst-case scenario, its price is believed to reach $36,000.
According to Chomsky, the sooner Bitcoin’s price falls to $30,000, the more likely it is to quickly rebound to past highs, which could happen in the second half of 2022.
哈萨克斯坦——全球三大最重要的虚拟货币采矿国之一，其境内爆发动摇稳定的抗议和动荡之际，比特币的价格也在今年1月初跌至4万美元以下。
作者乌克萨娜·雷什托娃在俄罗斯报纸“Gazeta”上发表的一篇报道中指出，比特币的价格在1月11日小幅上涨，交易价格处于4.17万美元之内。
多名专家认为，哈萨克斯坦的政治危机在本轮下跌中发挥了重要的作用，因为该国在全球比特币采矿中所占的份额约为18%，但是，仍有其他一些因素导致了这款排名全球首位的数字货币的价格下跌。
比特币的价格为何下跌？
来自“A Markets”的首席分析师阿尔特姆·戴夫认为，比特币和其他加密货币在去年年底的价格下跌，主要是由于对股市采取的新措施。
戴夫强调，美国的年通胀率已升至6.2%，达到了美国30多年未见的创纪录水平，目前已经可以作出判断，美联储即将通过加息以收紧货币政策。
戴夫继续说道，投资股票、货币和包括加密货币在内的所有风险资产的回报，都会随着利率的上升而自动下降，因此，在上一阶段内，投资者选择回避购买比特币、以太币和其他数字货币的风险。
戴夫认为，哈萨克斯坦的局势发展也对比特币的价格产生了负面影响。
来自“Finam”财务公司的金融分析师谢尔盖·比利胡德表示，在中国当局对数字货币的采矿活动施加压力之后，该领域的从业人员大规模外流，从而使哈萨克斯坦境内的采矿规模出现了显着的发展。
比利胡德补充称，哈萨克斯坦已经成为了全球第三大加密货币采矿国，由于在反政府抗议升级之后采取的互联网关闭措施，该国采矿设备的总计算能力下降了13%。
但是加密资产市场专家艾伦·乔姆斯基认为，发生在哈萨克斯坦的事件并未影响加密货币市场，并强调这些货币价格的下跌只是由于供需水平所致。
去年11月，比特币的价值达到其最高水平，并超过了6.8万美元的门槛。随着需求的下降，乔姆斯基预计，比特币的价值将跌破3万美元。
比特币将在2022年经历什么？
戴夫认为，在未来一段时间内，比特币和其他加密货币的价格上涨将与全球经济的稳定和各国央行的降息有关，因为这些情况会吸引投资者投资风险资产。
戴夫补充称，“鉴于今年将出现各国银行大规模加息的情况，因此，加密货币在2022年下半年投资者强势回归加密货币之前，不太可能出现任何涨价的情况。如果比特币的交易价格介于2万到3万美元之间，那么就可能会发生这种情况。”
戴夫继续说道，“资产的较低价值将吸引许多人投资加密货币，从而在稍后的阶段内推高价格。”
另一方面，比利胡德认为，美国股市在最近对加密货币，尤其是比特币施加了巨大的压力。据信，在最糟糕的情况下，其价格可能达到3.6万美元。
根据乔姆斯基的说法，比特币价格越快跌至3万美元，其迅速反弹至过去高位的可能性就越大，这种情况可能会在2022年下半年出现。
