As Bitcoin steps above $10,000, different crypto market observers are elated about the progress, making the likes of Anthony Pompliano, one of the co-founders of Morgan Creek Digital, to estimate that BTC has the capacity to touch $100,000 by the end of 2021.
Pompliano, in a tweet to break the news of Bitcoin’s success, noted that he still believes Bitcoin will reach the point by the end of 2021.
Pompliano said: “Bitcoin just hit $10,000. I still think that Bitcoin will hit $100,000 by end of December 2021. Fixed supply. Increasing demand. Time will tell.”
Bitcoin just hit $10,000.
I still think that Bitcoin will hit $100,000 by end of December 2021.
Fixed supply. Increasing demand. Time will tell. #Bitcoin
— Pomp 🌪 (@APompliano) February 9, 2020
Like Pompliano Like Cardano’s Charles Hoskinson
Beyond Pompliano, co-founder of Cardano, Charles Hoskinson also holds the thought that Bitcoin would reach $100,000 someday.
Charles Hoskinson, in a tweet published in November, 2019, said Bitcoin would flip beyond $10,000 and reach $100,000 in the nearest future.
Advising the crypto community to see Bitcoin beyond speculation, he said the Bitcoin drop at that time could be linked to FUD by news media, and market manipulation.
Bitcoin’s price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that’s going to change the world. We will see 10k btc again and welcome 100k. Crypto is unstoppable. Crypto is the future.
Bitcoin is fasting becoming one of the world’s needed assets. With the increasing market cap, price and global adoption of cryptocurrency, experts are seeing the possibility of Bitcoin going beyond its present value.
As we write, Bitcoin is changing hands at $10,098 with other crypto assets going higher as well. This denotes that Bitcoin has seen around 40% growth this year alone.
Do not forget that Bitcoin last held its present position in October 2019, after which it dropped boisterously.
Meanwhile, the present price upsurge has made analysts believe Bitcoin could also climb to $11,560 or $12,100 as soon as it goes to $11,000.