Leading cryptanalysts and financial veterans predict the BTC award for the new year. Some analysts believe that the asset is on track to reach the six-digit level, while critics say it Bitcoin has no chance against regulatory barriers.
Forecasts are mostly optimistic
Tom Fitzpatrick, an analyst at Citibank, recently said that Bitcoin could climb to 318,000 by December next year. USD, which would represent a 102 – fold upward rally, but would also make this cycle the weakest in terms of percentage growth in Bitcoin ‘s history.
After a year of economic uncertainty and unprecedented fiscal policy, Fitzpatrick says investors will continue to seek refuge in BTC to protect their wealth.
Mike McGlone, agency analyst Bloomberg, also has an idea of high goals for Bitcoin. With growing institutional support, McGlone says Bitcoin is ready to continue its rally until 2021, breaking the market capitalization of $ 1 trillion and potentially seeing price resistance at 50,000 UDS.
Is $ 150,000 possible?
Blockfyre co-founder and managing partner of Moonrock Capital Simon Dedic also shared his BTC price forecasts for 2021.
According to Dedic, the last three years have been for kryptoměnu good, but doubts that the monstrous altcoin rally in 2017 will be repeated. This means that Dedic still predicts that Bitcoin will reach $ 150,000.
“In 2017, you could buy literally any alt and it was a good investment. In my opinion, this will not happen again. However, I still believe that the bull run will return and run out of a few solid altos. Forecasts: $ 150,000 for BTC, $ 9,000 for ETH, $ 200 for LINK, $ 1,500 for BNB, $ 1 for VET and $ 200 for XTZ. ”
Builder of the stack-to-flow BTC pricing model and pseudonymous analyst PlanB it is also betting on a six-digit figure for Bitcoin in 2021. A high-profile analyst estimates that BTC can trade up to $ 300,000 before the end of 2021.
There are also opposing views
On the other hand, economist who predicted the economic downturn of 2008, Nouriel “The Doom” Roubini fears that the main digital asset it will fall apart as a result of regulations.
In response to cryptor Jake Chervinsky, who argued that the government was unlikely to suppress the cryptocurrency, Roubini tweeted that he had no doubt that the incoming Bidenova the administration will create a bearish environment for cryptoactive.
“You are being deceived. Biden’s team, starting with Yellen, who was my boss at the CEA, will want to take strong action against this tax evasion and against AML-KYC-TFC much more than Mnuchin. “
@jchervinsky : you are delusional. Biden’s team, starting with Yellen who was my boss at CEA, will crack down on this criminal tax evading & AML-KYC-TFC-evading crypto/shitcoins cesspool much more than Mnuchin. Get a life as you have become a crypto hired gun cheerleader/enabler https://t.co/558ziHBUWg
– Nouriel Roubini (@Nouriel) December 24, 2020
According to CoinMarketCap, Bitcoin scored a new all-time high of $ 28,288 on Sunday.
Conclusion
Predictions are very popular. What do you think about the price of Bitcoin? How will you do next year?
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