Bitcoin orgy has come to an end? Experts: It will fall to $10,000 in 2022

"Bitcoin futures ETFs launched this year are generally considered to be less retail-friendly because of the high cost of rollover contracts, which is around 5-10%. There is growing evidence that a bitcoin spot ETF will be approved in 2022, mainly because the market is now large and mature enough."

Asset manager Grayscale Investments has applied to convert its bitcoin trust to a spot ETF. in addition, there are many other bitcoin ETFs awaiting approval.

Switching to DeFi

As the crypto industry has grown, bitcoin's market share has declined while other digital currencies such as ethereum play a more important role. Analysts expect this to continue into next year as investors increasingly look to smaller cryptocurrencies in hopes of huge gains.

Alexander of the University of Sussex included Ether, Solana, Polkadot and Cardano in a list of cryptocurrencies to watch in 2022. She stated.

"As retail investors start to realise the dangers of trading Bitcoin, especially in unregulated venues, they will turn to other currencies in the blockchain space that actually play an important role in decentralised finance. By this time next year, I expect bitcoin's market cap to be half or less of the total market cap of smart contract coins (like ethereum and solana)."