Another optimistic prediction for the price of Bitcoin is now out. Take a look at all the available details below.
Popular economist and crypto analyst Alex Krüger provides an outlook for Bitcoin (BTC) over the coming weeks and months.
New Bitcoin prediction for 2021 is out
During a new interview with YouTuber and crypto strategist Scott Melker, Krüger predicted that Bitcoin will eventually hit $1 million.
“One million Bitcoin? I think it will happen, most definitely. I have no idea when. I think it’s way out there.”
He also revealed the price target for the largest crypto asset for the end of the year.
“$100,000 by year-end is possible. I think it’s very unlikely – or let’s put it this way, it’s unlikely – it’s not very unlikely. I thought it was delusional under normal circumstances. But these are not normal circumstances.”
He continued and said:
“We just had a slew of ETFs (exchange-traded funds) approved and that changed everything, I think. So my base-case scenario is more like $75,000 – $85,000. Can we hit $100,000 by year-end? We definitely can.”
Krüger also said that Bitcoin could emerge as a bigger asset class than gold in a decade.
“Bitcoin becomes an asset. It could be bigger than gold in 10 years. I think Bitcoin’s role is actually competing against gold. It is the gold of the younger generations.”
At the moment of writing this article, BTC is trading in the red and the king coin is priced at $62,083.
New BTC survey shows massive optimism
The other day, we were revealing that PlanB shared a survey on Twitter asking people how much they believe that Bitcoin will be worth by the end of 2021. It seems that most respondents said that BTC would be priced at $100k by the end of this year.
Check out the survey below.
Do you think #bitcoin will reach $500K, $288K (S2FX model), $100K (S2F model), or will BTC stay below $100K .. by Christmas 2021?
— PlanB (@100trillionUSD) November 5, 2021
Stay tuned for more news.