On Crypto Banter’s Jan. 19 video, Kyle Chassé, founder of Master Ventures, shares his predictions for the cryptocurrency market in 2022. He believes that Bitcoin (BTC) will reach $100,000 and Ethereum (ETH) will hit $7,000.
According to Chassé, these prices won’t be seen until around May when the post-halving rally starts. He also predicts that there will be 15%-20% pullbacks along the way. To support his forecast, Chassé points to the BTC charts, highlighting the significant buy pressure from institutions that the market has not seen before.
Unlike retail buyers, institutions are not concerned about BTC prices. They are more interested in the amount of assets under management (AUM) since ETF issuers charge management fees to earn their money. This indicates a bullish sentiment from institutions and bodes well for the market.
Chassé also predicts that Ethereum (ETH) will be the next big player in the market since it is not yet in the institutional realm. He believes that ETH has a chance of getting institutional approval this year, which could lead to a possible ETH season with prices potentially reaching $6,000 to $7,000.
In addition, Chassé views Solana (SOL) as a blue chip and predicts that it will outperform ETH this year, possibly reaching the $500 to $1,000 range. He notes that major players like Franklin Templeton, an American multinational holding company, have shown interest in SOL.
It’s worth noting that the 2021 bull run was led by a BTC price of $69,000 in November 2021. This growth was fueled by the increased demand for digital payment solutions during the COVID-19 pandemic. However, the market saw a decline of $2 trillion in value in the following year and is now slowly making a comeback.
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