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Expert: Bitcoin could reach $ 100,000 this year

BTC could reach $ 100,000 this year, according to the latest Bitcoin forecast panel on the personal finance comparison site finder.com.

The· A global panel of 35 scholars and senior crypto industry figures believes that BTC will peak at an average of $ 107,484 in 2021, but nearly one-third (32%) of panelists will have BTC. We expect it to reach over $ 120,000.

The majority of panelists (58%) say institutional investors are driving price increases.In contrast, 24% said they were retail-led, 18% whales, or a large number of investors. Bitcoin..

Lecturer and Associate Professor at University College Dublin, Dr. Paul J. Ennis, We expect BTC to reach $ 100,000, but never exceed it.

“Institutional investment continues to push prices up, but $ 100,000 is a psychological barrier, and even institutions will find it too expensive,” he says.

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LMAX Group cryptocurrency strategist Joel Kruger believes BTC will rise slightly this year to $ 70,000., But in the end it remains below the $ 100,000 threshold.

“The market has more than tripled in value since the beginning of the year and is technologically very large. We believe that Bitcoin will also have short-term adverse effects while the global market is at risk. This should limit the rest of the year upwards. “

Half of the panels (51%) think BTC is still undervalued, but about a quarter (24%) say it is overvalued, and the same percentage (24%) is significant. It states that it is a price.

However, the panel also believes that BTC Bull Run is likely to end later this year, with 30% of panelists expecting it to continue until the third quarter of 2021 (July-September). The last 36% is quarterly (October-December).

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Nicholas Van Hoorde, CEO of Delta.app, believes BTC will peak at just over $ 60,000 this year, saying market modifications may actually be good in the long run.

“The fix is ​​healthy for sustained growth levels and preparations for the next Bull Run, again surpassing the previous one, after a shorter time interval of flat levels,” he said.Ys..

eToro Market analyst Simon Peters– –To– –During ~– –Fall in period price, And I think there will be another Bull Run in 2025.

“At some point following the ultimate peak of this bull market, we will see a retracement of how deep it will be. In 2024, the block reward, which was historically the beginning of the next bull market, It will be halved further. so By 2025, we may be ready to see the next Bitcoin bull market. ”

On average, the panel expects BTC to reach $ 360,179 by 2025, but ends the year with $ 100,000 shy at $ 94,967.

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A few panelists, including Origin Protocol co-founder Josh Fraser, expect BTC to reach $ 1 million by the end of 2025. “It’s a simple matter of supply and demand.. Demand will continue to increase only while supply is declining, “he said.Ys..

Founder and CEO YAP Global Samantha Yap believes BTC will reach $ 500,000 by the end of 2025, but the $ 1 million valuation is not out of the question.

“Bitcoin’s biggestists claim BTC reaches $ 1 a million At the price. It was ridiculous to claim that Bitcoin would reach $ 100,000 a year ago.But from what we’ve seen this year, it’s not impossible to think that it could reach $ 1.m.. “

Expert: Bitcoin could reach $ 100,000 this year

Source link Expert: Bitcoin could reach $ 100,000 this year

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