# The Future of Cryptocurrency

By [Rameen .L2 (💙,🧡)](https://paragraph.com/@rameen-l2) · 2022-11-06

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Bitcoin is a good indicator of the crypto market in general because it’s the largest cryptocurrency by market cap and the rest of the market tends to follow its trends. 

[Bitcoin’s price](https://time.com/nextadvisor/investing/cryptocurrency/bitcoin-price-increases/) had a wild ride in 2021, and last November set [another new all-time high price](https://time.com/nextadvisor/investing/cryptocurrency/bitcoin-price-increases/) when it went over $68,000. But then it came crashing down in 2022.

Bitcoin and the broader crypto market have been sinking this year amid ongoing macroeconomic uncertainty that’s mostly been driven by surging inflation, a shaky stock market, rising interest rates, and recession fears. Bitcoin has lost more than two-thirds of its value since last November and dipped as low as $17,500 in recent weeks. Experts remain conflicted on whether bitcoin has bottomed out yet. Some say it already has, while others say bitcoin could fall as low as $10,000 in 2022.

This volatility is a big part of why experts recommend keeping your crypto investments to [less than 5% of your portfolio](https://time.com/nextadvisor/investing/cryptocurrency/how-much-your-portfolio-should-be-crypto/) to begin with. 

But [how high will bitcoin go](https://time.com/nextadvisor/investing/cryptocurrency/bitcoin-price-predictions/) in the long term? While it’s been a rocky start to the year for bitcoin, experts still say it will hit $100,000 — and that it’s more a matter of when not if. Bitcoin’s past may provide some clues as to what to expect looking forward, according to [Kiana Danial](https://www.linkedin.com/in/kiana-danial-ceo-48939414/), author of “Cryptocurrency Investing for Dummies.”

Danial says there have been plenty of huge spikes followed by pullbacks in Bitcoin’s price since 2011. “What I expect from Bitcoin is volatility short-term and growth long-term.”

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*Originally published on [Rameen .L2 (💙,🧡)](https://paragraph.com/@rameen-l2/the-future-of-cryptocurrency)*