![]() ![]() “I realize that price may sound ludicrous to some today. Dan Morehead’s Bitcoin Price Prediction ($115,212)ĭan Morehead, Founder and CEO of blockchain investment fund Pantera Capital, predicted that Bitcoin would hit $115,212 by 2021 in a blog post on Medium. The only question now is, will it continue to stick?Ĥ. To date, the model has tracked the price of Bitcoin almost perfectly. In fact I have new data that confirms the supply shortage is real. “I have no doubt whatsoever that #bitcoin S2FX is correct and #bitcoin will tap $100K-288K before Dec2021. The popular Stock-to-Flow model estimates the future price of Bitcoin by taking account of its existing supply and its rate of new supply – the latter of which halves every four years in a phenomenon known as a “halving”. The creator of the Stock-to-Flow model – a pseudonymous investor who is known simply by the name “ PlanB ” – has used the model to forecast that Bitcoin will reach $100,000 by December 2021, and could reach as high as $288,000. PlanB’s Bitcoin Price Prediction ($288,000) Surprisingly, Novogratz provides the most conservative estimate of all our featured predictions, with his upper limit of $60,000 giving Bitcoin a total market cap of just over $1.1 trillion – still only a fraction of that of gold.ģ. He also believes that Bitcoin fits into a technological world built around social-media, saying “In a world of social media, bitcoin is social money”. Novogratz says that it’s no longer just niche individual investors buzzing about Bitcoin, but institutional investors are now looking at it as a serious investment. “People are worried that governments printing more and more fiat are less trustworthy.” Mike Novogratz, founder of financial services company Galaxy Digital, believes that Bitcoin could hit between $50,000 to $60,00 0 by the end of 2021, also citing fears of quantitative easing and a lack of trust in governments and central banks. Mike Novogratz’s Bitcoin Price Prediction ($60,000) Pompalino believes a strong trend is emerging where large corporations are putting cash reserves into Bitcoin, citing Microstrategy’s $425 million Bitcoin purchase, as well as Square’s $50 million investment. He also goes on to cite the Federal Reserve cutting interest rates to virtually zero for the foreseeable future, quantitative easing in the form of COVID-19 stimulus packages and Wall Street beginning to jump on board with digital assets. The prediction comes with plenty of reason, noting that the available supply is actually much smaller than people realize, whereas demand for Bitcoin is beginning to skyrocket. There will be many 15-30% drawdowns along the way, but I remain convicted that these price levels are attainable in the next 15 months.” The asset is volatile, and it won’t be a straight line up. “My base case is approximately 10x to $100,000 and the bull case is around $250,000 per Bitcoin. ![]() However, he says the ascent is bound to be a bumpy one: In a letter to investors in October 2020, well-renowned Bitcoiner and Morgan Creek Digital Assets co-founder Anthony Pompalino has outlined why he thinks Bitcoin could reach $225,000 by the end of 2021. Anthony Pompalino’s Bitcoin Price Prediction ($225,000) Conclusion – What Will Happen to Bitcoin in 2021?ġ. ![]() Tyler Winklevoss’ Bitcoin Price Prediction.Thomas Fitzpatrick’s Bitcoin Price Prediction.Dan Morehead’s Bitcoin Price Prediction.Mike Novogratz’s Bitcoin Price Prediction.Anthony Pompalino’s Bitcoin Price Prediction.Keep in mind that price predictions are guesses at best, and certainly shouldn’t be taken as financial advice.įor more details on the various predictions keep on reading, here’s what I’ll cover: Bitcoin Price Prediction Summaryīitcoin is said to be worth anywhere from $55,000 to $318,000 by industry experts such as Anthony Pompalino, Mike Novogratz and Thomas Fitzpatrick. In this article, I’ll share with you 6 price predicti20ons for Bitcoin in 2021, all made by notable figures in the crypto space. Still, the difficulty of divining the future doesn’t stop people from continuing to make predictions about Bitcoin’s price. Predicting the price of Bitcoin accurately has proven to be a difficult task. ![]()
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