Despite a rise in volatility and massive losses for BTC the long-term holders are positive. It is observed during recent sell-offs and downturns, those who hold for a long time generally remain optimistic and are patiently waiting for the price to rise again. On-chain fundamentals are strong and with the halving set to come in the near future the supply of bitcoin will be restricted and will create further upward price pressure.
What are your thoughts on this? What could be the rise of price by end of 2022?
I think there is no reason at all why you shouldn't be optimistic here, every time this type of phase comes in crypto it's generally always followed by a price rally towards north with greater power and greater highs, and at that time most people regret not buying it earlier when the price was low. Talking about fundamentals, at this point in time even the on chain fundamentals would look weak to you, but only thing that has still put me in-game is that there is a lot of potential to grow for bitcoin as there is still a lot of retail folks which are yet to adopt bitcoin in their investment portfolio or as a medium of exchange.