The chances of Bitcoin reaching exceedingly high price are getting better on daily basis. There have been lots of bullish predictions in the cryptocurrency sphere, which keeps raising the hope of retail and capital investors. In order to set the record straight, Anthony Pompliano, Co-founder at Morgan Creek Digital has explained what would push Bitcoin to $100,000 by the end of 2021.
Bitcoin is starting to hold $11,000 as support level, in order to gather strength for the next Bull Run. Investors know what would come their ways if BTC can push further above to record a new price hallmark.
Past Bullish Bitcoin Predictions By Popular Analysts and BTC Maximalists
Crypto diehard enthusiasts like John McAfee have made their predictions known long before this recent Bull Run. McAfee has consistently stood by his forecast of $1 Million for BTC by the end of 2020. He keeps defending his point with mathematical formula.
His prediction could look ridiculous. However, a geometric progression of Bitcoin (BTC) could take it to attain such a peak at no too distant time. No number is impossible to attain if we must put mathematics into consideration.
In a little bit short of John McAfee’s prediction, Tim Draper, the founder of Draper University forecasted that Bitcoin will equal 250,000 US Dollars by 2022, while Tom Lee continues to intensify that new All Time High is around the corner for the digital currency.
Peter Brandt, a trader with over 45 years of experience also stated that Bitcoin in its 4th parabolic phase, adding that BTC is on a run that could push it up to $100,000 mark.
Except Brandt’s prediction, other Bitcoin forecasts mentioned above came when the digital currency was still revolving around a spot, with little hope of a significant price surge it experiences now.
The present condition in the crypto market signals that bullish season is around the corner. However, it looks like little top alcoins would be able to replicate the price surging trend of Bitcoin (BTC).
At the time of filing this report, Bitcoin is trading at $12,860, with market capitalisation of over 225 Billion US Dollars. Its surging trend has been consistently moderate in the last 24 hours.
Anthony Pompliano Explains What Would Push Bitcoin to $100,000 by the End of 2021
Anthony Pompliano, Co-founder at Morgan Creek Digital, has been clamouring the possibility of Bitcoin hitting $100,000. He recently fixed a definite time for his prediction in an article he published a couple of hours ago.
In the article, Pompliano said he predicted the price dump of Bitcoin (BTC) in August 2018 when the cryptocurrency was trading at $6,770, claiming that his forecast was received in the crypto space with skepticism.
He said he resolutely believe that Bitcoin will hit $100,000 mark before 31st December, 2021, with far beyond average confidence level.
He said “With that in mind, I believe that Bitcoin will reach a $100,000 price point before December 31, 2021. My current confidence level of this happening is around 70-75%.”
He continued by pointing that the price upsurge will be aided by quantity demanded/supplied. He said in the next 2.5 years, there will be a great increase in the demand of Bitcoin.
BTC halving is starting from May 2020, when the total supply of the digital currency will remain fixed and its daily supply will be decreased by half. He averred that the scarcity of Bitcoin and growing demand will spike up its price in the market.
He also included other factors like increase in institutional adoption, multiple ETF, underperforming traditional market and constant markets, economics and currencies manipulation by governments all over the world.
With all these predictions and the present situation in the market, one could simply deduce that something unexpected or unbelievable is around the corner, and it could be so favourable, especially to the early investors and adopters.