{"id":461472,"date":"2021-04-17T01:00:23","date_gmt":"2021-04-17T01:00:23","guid":{"rendered":"https:\/\/uniquehot.com\/?p=461472"},"modified":"2024-06-11T09:44:02","modified_gmt":"2024-06-11T09:44:02","slug":"bitcoin-price-predictions-100000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-predictions-100000\/","title":{"rendered":"Bitcoin At $100,000: Estimating The Chance Of Six Figure BTC In 2021"},"content":{"rendered":"
Bitcoin price<\/a> (BTC) reached a new all-time high this week, soaring to almost $65,000 on Wednesday the 14th of April. With Bitcoin\u2019s price now in \u201cblue sky territory\u201d and its market cap sitting comfortably around the $1.17 trillion level, the big question is \u2013 just how high will the current bull market push the BTC price this year?<\/p>\n Here are some of the most famous individuals and institutions in crypto that have gone on record with bullish Bitcoin price calls:<\/p>\n JP Morgan<\/strong><\/p>\n In March, analysts at major US investment bank, JPMorgan, were reported to be eyeing a Bitcoin price of $130,000 \u2013 although no timeframe was provided for their prediction. JPM\u2019s CEO, Jamie Dimon, was vocal in his criticism of Bitcoin in the past. However, the firm\u2019s increasing involvement in crypto projects reflects the growing integration of cryptocurrency within the traditional financial sector.<\/p>\n Related Reading | The Bearish Bitcoin Chart Bulls Definitely Don\u2019t Want To See<\/a><\/strong><\/em><\/p>\n MicroStrategy<\/strong><\/p>\n MicroStrategy\u2019s CEO, Michael Saylor<\/a>, is renowned for converting his firm\u2019s cash reserves to Bitcoin and encouraging other corporate leaders to follow suit. At last count, MicroStrategy held over 90,000 BTC, worth approximately $5.5 billion at the time of writing. Unsurprisingly, Saylor is extremely bullish on the BTC price, saying in a March interview that he \u201ccan see Bitcoin going to a million… [or] five million.\u201d<\/p>\n Pantera Capital<\/strong><\/p>\n Pantera Capital, launched in mid-2013 as the original American crypto investment fund, has projected a Bitcoin price of $115,000 before September of 2021. Pantera\u2019s call is based on the Stock to Flow (S2F) model of Bitcoin\u2019s price, which has thus far shown a high degree of predictive power. Given the time-specificity of Pantera\u2019s call as well as their transparency regarding its rational basis, we would consider this the most considered prediction.<\/p>\n <\/p>\n Predictions alone, no matter who makes them, aren\u2019t enough to elevate Bitcoin to a six-digit price level. What\u2019s needed are enthusiastic buyers and hodlers, whether they be individual investors or large institutions.<\/p>\n As to the latter, we\u2019ve already alluded to MicroStrategy\u2019s crypto corporate coffers. Perhaps following Saylor\u2019s advice as presented to thousands of corporate representative, Time Magazine recently announced<\/a> their own acquisition of Bitcoin.<\/p>\n Furthermore, with financial titans like BlackRock and MasterCard recently announcing their involvement in Bitcoin, there can be no doubt of the institutional appetite for Satoshi\u2019s invention.<\/p>\n <\/p>\n Perhaps the most compelling reason driving investors, big and small alike, into Bitcoin is the expectation \u2013 and indeed the observation \u2013 of high inflation. With central banks around the world printing billions if not trillions of fresh fiat units as a response to COVID 19, the scene has been set for declining fiat value and rising costs for goods and services.<\/p>\n Related Reading | Coinbase COIN Debuts To A Bloody Bitcoin, But Bullish Structure Remains<\/a><\/strong><\/em><\/p>\nRounding Up The Most\u00a0Famous Bitcoin Price Predictions<\/h2>\n
Daily Bitcoin chart showing the bull run since late 2020 until present | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
A Rally-Supportive Economic Environment<\/h2>\n
The stock-to-flow model projects much higher prices for BTC | Source: Digitalik.net<\/a><\/pre>\n