Bitcoin price has been hovering in the $60,000 to $62,000 range for some time now, trading about 9 percent below the all-time high of $67,276 seen about 11 days ago. Although BTC’s failure to revisit its record level worries some investors, a substantial number of experts think that the leading cryptocurrency will continue to rise. Here are some of these names…
Bitcoin predictions of $100,000 and above
One of the famous analysts, Willy Woo, predicted in a podcast called “Bitcoin Fundamentals” that the price of BTC would exceed $100,000 as the number of new investors investing in Bitcoin increased. Woo thinks Bitcoin’s bullish cycle will extend for another year, citing on-chain data that indicates it will reach a six-digit price in the next six months. He said he thinks a 50 percent price increase will occur before the middle of next year, if not by the end of 2021.
On the other hand, Fundstrat co-founder Tom Lee revealed that the leading cryptocurrency should reach $168,000 by the end of the year, according to the firm’s analysis. He stated that Bitcoin will continue to rise with the launch of several Bitcoin ETFs in the US. Another analyst who predicted a similar price target for Bitcoin was Skybridge Capital CEO Anthony Scaramucci, who stated that as worldwide adoption increases, the price of Bitcoin will increase with it.
“Bitcoin is likely to suddenly rise to $100,000”
Decentrader analysts stated that they believe BTC’s next big challenge area will not be seen until $85,000-90,000 from a technical and market cycle perspective. Decentrader analysts say that the chart, which they consider to be an accurate price tool, feeds a possible channel for price action, showing that Bitcoin could reach $150,000 by the beginning of 2022.
One of the other famous names who predicted a rise in BTC price was PlanB, the creator of the stock-flow model. cryptocoin.com As we have also reported, PlanB has been expressing its target of $100,000 in BTC for a long time. Other famous names sharing the $100,000 target are Anthony Pompliano and Fidelity Investments official Jurrien Timmer. Timmer gives BTC two to three years for this level.
Financial institution Standard Chartered estimated at the beginning of September that the value of BTC could reach $100,000 by the end of the year or early 2022. Meanwhile, on Oct. 21, a Yahoo Finance editor focused on the markets and the economy, Javier David, said, “Bitcoin’s sudden surge to $100,000 doesn’t seem that far off.”
Estimates of $200,000 or more from 3 analysts
Some names also give price estimates beyond $100,000. Famous billionaire Tim Draper, for example, believes that cryptocurrency will reach $250,000 by 2022. PrimeXBT analysts expect BTC to reach $225,000 in 2023, while Pantera Capital CEO Dan Morehead expects BTC to reach $356,000 next year.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.