A lot has happened in late 2020. Bitcoin hit its all-time high in December, the DeFi space grew exponentially, and institutional adoption of crypto-assets surged. Furthermore, ETH 2.0 prepared for launch amidst a global pandemic and massive economic setback. The Bitcoin price in 2021 has taken everyone by surprise. It has gone bullish, thereby further breaking new all-time high prices nearly every day. However, volatility remains high, and prices have been hovering between $28,400 and $38.600.
The high volatility has not impeded the coin’s long-term prospects for the year. It has been a “tradition” in the crypto space for analysts and experts to make predictions based on several factors. They predict what the future holds for Bitcoin that year and what its price point may be 12 months from now.
This year, one critical question for Bitcoin is: with what has been experienced so far, is the third great price rally in Bitcoin’s history underway?
Having risen in value more than tenfold since March 2020, the parallels with similar bull-runs in 2013 and 2017 are indisputable. What is less certain is whether this latest all-time high of $38,547, which it hit today, is the end of Bitcoin’s latest run of good fortune.
See what some analysts and crypto experts have to say regarding the matter.
Luno crypto exchange CEO, Marcus Swanepoel,
In his 2021 analysis for Bitcoin, the CEO believes that there is no holding back for the cryptocurrency this year. However, he notes in his thoughts on the recent price surge that a small pullback usually follows a Bitcoin price surge before it gears up again for the next price cycle.
Swanepoel predicts that by the end of 2021, the number one cryptocurrency should trade around $50,000 to $100,000. He notes that this is after a decrease in price at some point in 2021.
Konstantin Anissimov, Executive Director at CEX.IO
CEX.IO exchange Executive Director Konstantin Anissimov attributew the recent price surge to BTC accumulation on major cryptocurrency exchanges.
The executive director said this in an interview with BlocDesk. Anissimov predicts that BTC is capable of reaching prices well above $50,000, with an estimate of $90,000.
He said, “The halving that happened in 2020 has reduced the supply while the demand has been growing a lot. This may be an essential factor affecting the BTC/USD price growth in 2021 since the high demand for Bitcoin will be present in 2021.
From $39,000 to $330,000 Bobby Lee’s Bitcoin price
Bobby Lee, the founder, and CEO of Ballet, a crypto wallet and a BTC bull, shared his prediction for the leading cryptocurrency. According to him, BTC could potentially exceed $39,900 by the end of 2021. Lee shared this bullish prediction via a tweet on June 2, adding that if BTC hits his prediction, it would be possible to buy a Tesla CyberTruck with just one BTC. He promised a giveaway of the much-anticipated CyberTruck to a lucky follower that would like and retweet his tweet.
This price may be reached a lot sooner than initially assumed.
Bobby Lee in 2018 predicted that would peak out in 2021, reaching an all-time high of $333,000.
He said that if history repeats itself, than considering Bitcoin’s bear market in 2018, it will likely bottom out to $2500 in January 2019 and reach $333,000 by the end of 2021.
Ali Mizani Oskui
Founder of FiCAS, a Swiss regulated professional company for crypto asset investment, Ali Mizani, in a press release, predicted that BTC price can and will reach $200k to $300k by the end of December 2021 to March 2022.
Ali made this prediction when Bitcoin was about hitting $20,000, predicting a correction around $14,000.