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Home / Business / Zero to $318,000: Supporters and opponents give various Bitcoin price predictions for 2021

Zero to $318,000: Supporters and opponents give various Bitcoin price predictions for 2021



Although Bitcoin has jumped to the region above $26,000, many cryptocurrency supporters are extremely optimistic about the performance of cryptocurrency assets in 2021. In the last year, many experts, experts, celebrities and speculators predicted the value of Bitcoin in 2021 after it has been digitized. Currency has experienced an amazing year in 2020.

Bitcoin price prediction for 2021

On December 26, 2020, the price of Bitcoin (BTC) soared to more than $26,000, because cryptocurrencies have experienced an impressive year under the madness of the global economy. Since BTC became popular, many people have tried to predict the future price of crypto assets in advance. The forecast for 2020 is no different. Many people have made predictions about the future value of Bitcoin and its price in 2021. For example, as BTC rose throughout the year, researchers at finder.com conducted a poll of 47 cryptocurrency experts. Forecast for 2021.

The finder.com survey was also completed before the BTC broke through the $20,000 area. The majority (58%) of the participants stated that the bull market will last at least until the second half of 2021. According to the survey, participants predict that the price of BTC will more than double by the end of 2021. Respondents surveyed by finder.com also predicted that the average price per bitcoin is also US$51,951. Although 52% of the participating experts expect Bitcoin (BTC) to drop sharply after reaching its peak in 2021.

In mid-November, billionaire investor and Galaxy Digital founder Mike Novogratz predicted that Bitcoin (BTC) could reach $65,000 in 2021. Novogratz predicted this price range when providing some advice to “Game of Thrones” star Maisie Williams. “I bought more bitcoins at 15,800 last night,” Novogratz tweeted. “It will reach 20k. To 65k. The network effect has taken over. I see a large number of new buyers, and there is very little supply. This is easier than an 11k transaction. So yes, buy it.” He emphasized to Williams at the time.

Zero to $318,000: Supporters and opponents give various bitcoin price predictions for 2021

Bloomberg analyst Mike McGlone also predicted the future Bitcoin (BTC) price and said that by 2022, the price of BTC may reach $170,000. “The key to Bitcoin this year is simple-it just adds one to the front of the number,” McGraw said. “Remember, it was about $7,000 at the end of last year. What I worry about is-if you look at past performance, it may indicate the future, then next or two years may add zero to the end of the number.”

According to the prediction of Citibank analyst Tom Fitzpatrick (Tom Fitzpatrick), by the end of 2021, the transaction price of BTC will reach $318,000. Fitzpatrick stated that BTC may see “unbelievable gatherings and then painful adjustments.” Citibank executives also said that Bitcoin is the new gold with fewer restrictions. “Gold has restrictions on storage, non-portability, etc., and in terms of financial hedging, it may even be called “yesterday’s news.” Bitcoin is the new gold,” Fitzpatrick insisted.

This summer, Simon Dedic, co-founder of the cryptocurrency analysis company Blockfyre, predicted that Bitcoin will reach a high of $150,000. “In 2017, you can buy almost any [altcoin] This is a good investment. IMO this will not happen again. “Dedic said. “However, I still believe that the bull market will once again provide momentum for a few countries. [altcoins] There,” he added. Dedic’s summer tweet predicted many price predictions, including ETH ($9K), LINK ($200), BNB ($500), VET ($1) and XTZ ($200).

In an interview on May 6, 2020, Mark Yusko, CEO of capital management giant Morgan Creek, predicted that Bitcoin is likely to reach $100,000 in 2021 or 2022 . During the discussion, Yusko also insisted that the price of Bitcoin could also reach $4 to $500,000. . Yusko said at the time: “If we reach the gold equivalent, it means that the market value of Bitcoin is equal to the market value of gold. I think this is completely logical. You can easily see the price of 400,000 to 500,000 US dollars. [at] some [point in time]. “

From zero to six digits

Not everyone is enthusiastic about the future value of Bitcoin, as financial columnist Anton Wahlman who seeks Alpha believes that Bitcoin is worthless and will fall to zero. Wallman’s recent editorial insisted: “Sometimes there are ridiculous things that almost make you hardly know where to start an argument.” “Because it is so obvious and self-evident, it doesn’t have to be explained. Bitcoin and This is the case with similar cryptocurrencies.”

Zero to $318,000: Supporters and opponents give various bitcoin price predictions for 2021

Oliver Kamm, a financial writer for The Times, told readers, “Although Paypal accepts Bitcoin, it’s best to avoid using cryptocurrencies.”

“Cryptocurrencies are not part of your portfolio,” Kamm wrote when the BTC transaction price was $12,931 per unit. “The reason is that you can’t take them seriously. Assets that don’t even pay nominal cash flow (for example, bonds that pay interest, or stocks that pay dividends, or real estate that provides rental income) are just a gamble. Be sure to participate, such as in Spin on the roulette for entertainment, but be prepared to lose all your shares,” Cam added.

The creator of the price model, named “Plan B” after Twitter, believes that the price of Bitcoin (BTC) may reach $100,000 by December 2021. “The current Bitcoin price trend is good, but we are waiting (such as the red arrows in early 2013 and early 2017). The International Maritime Organization (IMO) will be the beginning of a real bull market, and it is indeed the fifth stage. January 2021? ”Plan B tweeted on November 22.

Overall, supporters have made many optimistic predictions. Of course, critics believe that crypto assets are still worthless. Many other experts, executives and experts also predict six-figure prices including RT host Max Keiser, venture capitalist Tim Draper, Pantera Capital cryptocurrency analyst Nicholas Merten, and Morgan Creek executive Anthony’Pomp’ Pompliano. And there may always be disadvantages. For example, economist and hedge fund manager Mike Dow tweeted earlier this year that “Bitcoin is over. #RIP.”

What do you think of the eight Bitcoin price predictions for 2021? Let us know what you think of these forecasts in the comments section below.

Tags in this story

2021, Altcoins, Anton Wahlman, Bitcoin, Bitcoin price, BTC, BTC price, cryptocurrency, Maisie Williams, Mark Yusko, market and price, Mike McGlone, Mike Novogratz, Oliver Kamm, price prediction, Simon Dedic, Tom Fitzpatrick

Picture Credits: Shutterstock, Pixabay, Wiki Commons

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