Bitcoin Most Loud Predictions 2021
From $65,000 to $400,000 for a Bitcoin. Different people, different predictions, but all of them come to the consensus - Bitcoin is a hedge against inflation and a true store of value. Here we will talk about 7 Bitcoin price predictions from Bitcoin developers, best-selling authors, entrepreneurs, and longtime investors.
BTC $65,000 by Mike Novogratz
Mike Novogratz predicts the Bitcoin price to hit $65,000 in 2021. The billionaire investor also expects the next year to be a great opportunity for buyers, as the BTC price will first hit $20,000, and then go down to $16,000. The "network effect" will cause the most advanced cryptocurrency surging above $60,000 by the end of 2021 due to the BTC supply scarcity.
"People are going to Bitcoin because there's 20 million Bitcoin that will ever be mined, there's complete scarcity in it. People believe it's a store of value. It's a social construct, and you can't change that," says Novogratz.
Novogratz suggests that investors will consider Bitcoin not only as a speculative digital asset but as a real store of value.
BTC $75,000 by "Rich Dad Poor Dad" Author
Robert Kiyosaki, best-selling author, entrepreneur, and investor is constantly recommending his followers buy Bitcoin and gold. He believes gold is going to reach $3,000 per ounce, and Bitcoin will hit $75,000 during the next three years.
“Gold and silver are God’s money. Bitcoin is open-source people’s money.”
BTC $100,000 by PlanB
The founder of a popular BTC prediction model Stock-to-Flow (S2F), PlanB predicts the most valuable virtual asset is going to hit $100,000 by December 2021, starting its rally next month.
“Current #bitcoin price action is nice, but we are waiting for a real jump (like the red arrows early 2013 and 2017). IMO that will be the start of the real bull market, and indeed phase5. January 2021?”
According to the S2F model, the Bitcoin price skyrocketing in 2021 is calculated by its decreasing supply and growing demand. As BTC is halved every 4 years, the supply is decreasing rapidly causing inflation. Thus, there is a theoretical potential for Bitcoin rising.
BTC $170,000 by Bloomberg analyst
Bloomberg strategist Mike McGlone is even more positive about the Bitcoin price in 2021. McGlone suggests that the leading virtual currency is going to cross the $170,000 mark in 2022.
“The key thing about Bitcoin this year is very simple — it just added a one to the front of the number. Remember, it was around $7,000 at the end of last year. What I’m worried about — if you look at the past performance, which is potentially indicative of the future, next year or two could add a zero to the back of the number.”
What is interesting, Bitcoin had already crossed $19,000 after McGlone’s statement, thus, adding a zero is increasing the future price of the most valuable digital asset to $190,000.
BTC $300,000 by Adam Back
Adam Back, CEO at Blockstream and early electronic cash pioneer believes Bitcoin will surge $300,000 in the next few years.
“[Bitcoin] might not require additional institutional adoption [to reach $300,000] because the current environment is causing more individuals to think about hedging [and] retaining value when there’s a lot of money printing in the world,” said Back in his interview with Bloomberg.
BTC $318,000 by Citibank strategist
Tom Fitzpatrick, senior Citibank strategist believes Bitcoin is waiting for a real bullish rally in 2021, aiming the price to $318,000. The analyst also considers that in terms of the COVID-19 pandemic people will use digital currencies as a store of value and a hedge against inflation.
Besides, Fitzpatrick explains his prediction as BTC's historical trajectory. If we go back to 2011 to the significant growth of the Bitcoin price, according to Bloomberg analysts the same wave can happen in 2021.
BTC $400,000 by Max Keiser
Max Keiser, the financial analyst, and investor is bullish for BTC price, predicting $100,000 in the short term and $400,000 in the long-term
The famous host is predicting Bitcoin's price to hit $100,000 since the time it was trading at less than $1. This time his $100,000 prediction is based on the COVID-19 pandemic crisis and comparison to gold.
“I am officially raising my target for Bitcoin — and I first made this prediction when it was $1, I said this could go to $100,000 — I’m raising my official target for the first time in eight years, I’m raising it to $400,000,” says Keiser.
