Bitcoin still has a lot of bullish catalysts in 2022 that will drive up its adoption and prices according to Peter Johnson, a partner at venture capital firm, Jump Capital.
Peter Johnson’s major bullish catalysts for Bitcoin in 2022.
Speaking with CNBC, Peter Johnson, who leads Jump Capital’s crypto and fintech investment arm stated that he is highly bullish for Bitcoin and crypto in 2022 despite the current market depression. He notes that Bitcoin’s current volatility has some of its roots in the fact that it is still considered to be a speculative store of value and a risk asset. He also noted the fact that the market has been affected by the massive liquidations in the derivatives market.
However, he remains long-term bullish for Bitcoin. According to him, Bitcoin and the cryptocurrency market is setting itself up for a massive surge in 2022.
Zooming out, I think what’s really important is what we’re setting ourselves up for this year. I think there are several very posi
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