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Leading crypto analysts and financial veterans are making their Bitcoin price predictions for the new year.
Analysts are everywhere when it comes to its 2021 BTC bets. Some believe the asset is on its way to hit the six-figure mark, while critics say that Bitcoin stands no chance against regulatory hurdles.
Citibank analyst Tom Fitzpatrick recently said that Bitcoin could soar as high as $ 318,000 by December next year, representing a low-to-high rally of 102x, which would make this boom cycle the weakest in percentage terms. growth in the history of Bitcoin.
After a year of economic uncertainty and unprecedented fiscal policy, Fitzpatrick says investors will continue to seek refuge in Bitcoin to protect their wealth.
Bloomberg analyst Mike McGlone also has high goals for Bitcoin. With growing institutional support, McGlone says that Bitcoin is set to continue its rally through 2021, breaking the $ 1 trillion market capitalization and potentially seeing price resistance at $ 50,000.
Blockfyre Co-Founder and Moonrock Capital Managing Partner Simon Dedic has also shared his 2021 Bitcoin predictions.
According to Dedic, the last three years have been good for cryptocurrencies, but he doubts that the monstrous rally in altcoins in 2017 will happen again. With that said, Dedic still predicts that Bitcoin will hit $ 150,000.
“In 2017, you could have literally bought 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, fueling the few solid ups and downs that exist.
Predictions:
$ BTC $ 150,000
$ ETH $ 9,000
$ LINK $ 200
$ BNB $ 500
$ VET $ 1
$ XTZ $ 200 ″
The creator of BTC’s stock-to-flow pricing model and pseudonymous analyst PlanB is also betting on a six-figure Bitcoin in 2021. The high-profile analyst estimates that BTC may trade as high as $ 300,000 before 2021 expires.
On the other hand, the economist who predicted the 2008 economic crisis, Nouriel “The Doom” Roubini, argues that the leading digital asset will collapse in the wake of future regulation.
In a response to crypto lawyer Jake Chervinsky, who stated that it was unlikely that the government would be able to clamp down on cryptocurrencies, Roubini tweeted that he has no doubt that the incoming Biden management will create a bearish environment for crypto assets.
You are delirious. The Biden team, starting with Yellen, who was my boss at CEA, will crack down on this cryptocurrency / shitcoin cesspool that evades taxes and AML-KYC-TFC much more than Mnuchin. Get a life by becoming a Hired Crypto Weapons Animator / Enabler. “
On Sunday, Bitcoin printed a new all-time high of $ 28,288, according to CoinMarketCap.
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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investment in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.
Featured Image: Shutterstock / GrandeDuc
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