Crypto mining guide: Smartkarma Research: Crypto mining industry series: Time to focus on efficient crypto miners

We believe there are many risks in the crypto ecosystem due to lack of regulation, weak investor protection, crypto scams and scams. The speculative nature of cryptoassets attracts many retail investors who do not understand what they are buying and how to value these cryptoassets.

Synopsis

In July, crypto assets bottomed out and stabilized after heavy losses, but we believe the crypto winter is here to stay. Therefore, we model an average BTC price of $35K in 2022 and $25K in 2023 under the bear case scenario. At the same time, we predict that the average BTC price will reach $45K in 2025 and $50K in 2026.

Key TakeawayBitcoin’s price fell ~50% year-to-date and has since bottomed out in the low ~$18Ks, a ~75% reduction from BTC’s all-time high in 2021. We had seen a massive wave of margin calls as investors, crypto miners, banks and hedge funds were forced to liquidate cryptocurrency positions while the crypto market has lost ~$2 trillion in value over the past three months. The Collapse of Algorithmic Stablecoins, Crypto Hedging

Smartkarma Plus – India

July 29, 2022, 5:13 PM IST

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