While Bitcoin owes its tremendous rise in the last period to ETFs, price predictions are coming from famous analysts one after another.
The latest prediction came from Fundstrat co-founder Tom Lee. Lee predicts that the leading cryptocurrency will hit $168,000 by the end of this year.
Lee, who agrees with many analysts and maintains a bullish belief in Bitcoin, had predicted that Bitcoin would reach at least $100,000 before the end of the year.
According to Lee, who reiterated his hope for a rise but raised his expectations further, the reasons that fueled this rise, apart from the ETF, are the increase in demand and the demand for Bitcoin by more investors through brokerage houses and retirement accounts.
There Are Other Analysts Who Keep Their Faith in Taurus
Another name who expressed a similar opinion on Bitcoin was Skybridge Capital CEO Anthony Scaramucci. Scaramucci believes the price of Bitcoin will rise as worldwide demand increases.
On the other hand, according to PlanB and Anthony Pompliano, it is a very possible scenario for Bitcoin to see 100 thousand dollars.
Tim Draper, on the other hand, repeats the same view at every opportunity: Before 2022 comes, the BTC price will see 250 thousand dollars!
Jurrien Timmer, Global Macro Director at Fidelity Investments, remains bearish, but believes that Bitcoin will hit $100,000, but thinks it will take two to three more years.
Pantera Capital CEO expects the leading cryptocurrency to hit $356,000 in 2022.
PrimeXBT analysts, on the other hand, are a little more cautious in BTC and point to 2023 for the expectation of 225 thousand dollars.