Bitcoin may reach $100,000 in 2021 - expert predictions
The end of 2020 and the beginning of 2021 proved to be extremely beneficial for Bitcoin. Cryptocurrency exceeded $30,000 for the first time. Experts in the cryptocurrency and investment industry predict that the price of Bitcoin will rise and could reach up to $100,000.
In December 2020, a Bitcoin record from 3 years ago was broken. In less than a month, the Bitcoin price increased from $19,000 to over $30,000.
Experts say the situation was caused by a growing number of institutional investors. This means that the upward trend may continue and raise the Bitcoin price to another high value.
In November 2020, investor Mike Novogratz predicted that the Bitcoin price would first reach $20,000 and then even $65,000.
Catherine Coley's analysis compares it to a Bitcoin record in 2017. She claims that the current growth is much more rapid. In her forecast, she says Bitcoin's price will reach $75,000 or even $100,000 by the end of 2021.
On July 28, 2020, I wrote a post on my blog in which we predict that Bitcoin will increase to $ 30,000 by the end of 2020 and Ethereum will increase to $ 1,000. (Check my post)
The year 2020 was extremely dynamic for cryptocurrencies, due to the coronavirus COVID 19 pandemic. However, the cryptocurrency market has been stabilizing for several months. It is related to the increase of confidence in the crypto market, which is a real alternative to the weakening economies and FIAT currencies.
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