Bitcoin has been promised growth to $ 28,000 by the end of the year

According to analysts at Deutsche Bank, bitcoin may partially recover to $ 28,000 by the end of 2022, according to a report published by Bloomberg.

Analysts are convinced that the US stock market will recover by the end of the year, and due to the strong correlation with the Nasdaq 100 technical index, bitcoin will rise in price along with US stocks. Currently, BTC is trading at $ 19,239 (data as of the time of writing). Interestingly, Deutsche Bank analysts believe that after bitcoin’s fall, it should be called «digital diamonds,» because «bitcoin's popularity is mainly due to high-quality marketing. That makes this digital currency similar to De Beers, which managed to revolutionize the diamond industry thanks to a profitable advertising campaign.»

It is not known what precious stones its investors compare bitcoin to, but they continue to believe in the brilliant future of the BTC. Last week, bitcoin investors became more active due to falling prices, with the number of BTC holders increasing by 13,091 over the past week. As of June 21, 865,254 addresses owned more than 1 BTC. The number of retail investors has also increased: more than 3 million users have purchased between 0.1 and 1 BTC.

Adam Beck, CEO of Blockstream, would definitely disagree with the idea that bitcoin will recover to $ 28,000 by the end of 2022, believing that the value of bitcoin will increase to $ 100,000 (almost 5 times) by the end of this year. In general, as many analysts as there are, there are many different predictions, which name different figures: 700% growth, 1100% growth, and 40% decline.