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Popular YouTube crypto channel Coin Bureau is also chipping on forecasts for the new year and is anticipating a possible end to the crypto bull run in 2022.
Discussing the scenario for a bear market this year, the host analyst, also called Guy, told his almost 2 million people audience on January 2 that there are a couple of key factors that need to play out for this ‘worst-case’ scenario.
“The first condition is a catalyst of some kind that would create insane amounts of hype and drive crypto prices to unsustainable highs, such as the approval of a spot-Bitcoin ETF.
I say this because the BTC top in the previous bull market happened on the same day that Bitcoin futures began trading on the CME in 2017.
The likelihood that this will happen again with a spot-Bitcoin ETF is quite high, and my evidence for this is the record amounts of inflow we saw with the first Bitcoin Futures ETF when it was listed in the United States.
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New players only. Exclusive Welcome Bonus of 350% + 150 Free SpinsNot surprisingly, inflows and trading volume have dropped off significantly since then.”
Global crypto regulation is a factor that is very a much a threat right now and might affect the future of cryptocurrencies in many ways, Guy continues:
“The fourth and final condition that needs to be met for the bull market to end is a crypto-specific factor that crashes the crypto market. There’s really no shortage of black swans here.
A crackdown on Tether (USDT), a crackdown on stablecoins in general.
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New players only. Exclusive Welcome Bonus of 350% + 150 Free SpinsA crackdown on crypto developers because of the poorly worded provisions in the recently passed infrastructure bill, a crackdown on crypto miners and validators for the same reason.
A crackdown on crypto wallets in the name of anti-money laundering. A crackdown on DeFi for the same reason.
A crackdown on crypto mining because of environmental concerns and energy shortages.”
In conclusion, Guy gives his ‘two cents’ on the metaverse. According to the analyst, the surging spike of corporate interest in the virtual life, is a tell sign of its potential and gaining momentum:
“The metaverse narrative will continue along with the growth of NFTs blockchain gaming and other crypto niches that fall under the same umbrella…
They’ll also drive the adoption of cryptocurrency at the institutional level. We’ve already seen a dozen big-brand companies get into NFTs, the latest being Adidas, whose NFT collection managed to briefly become the biggest by trading volume.”
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