10 Bitcoin Predictions For 2021 And Beyond

Crypto is having a good year isn’t it? Today, we’ll look at 10 crypto traders, investors and entrepreneurs and their latest Bitcoin predictions. Following that, we’ll assess the currency markets and give you a round-up of all the things you should be keeping an eye out for this week.

Bitcoin in 2021, the story so far

Crypto is booming right now. It’s been the hottest market for traders over the past few months, seeing some stunning gains across the board.

Bitcoin has maintained a 60% share of the entire crypto market cap, which now stands at a staggering $1.8 trillion. A sensational start to the year saw the so-called King of Crypto hit its latest all-time high of $61,683.86 just last week.

The bulls are certainly favouring the digital coin right now, but where could this all be going? We’ve gathered 10 top bitcoin predictions from around the cryptosphere to try and shed some light.

10 Bitcoin predictions

1. Plan B, anonymous institutional investor

Notorious Dutch analyst and creator of the stock-to-flow model (S2F), Plan B has recently stated that bitcoin prices could rise up to five times their current level, reaching the $100k to $288k range by the end of the year.

2. JC Parets, Founder of All Star Charts

JC Parets is an expert in technical analysis of markets who, for the last decade, has also run a research service called All Star Charts. He recently found a way to apply the Fibonacci sequence to Bitcoin.

In mid-December, when Bitcoin was trading just below $20,000, Parets predicted that BTC would soon after hit $30,000. It did so in the early days of 2021. His next prediction was near $45,000, which Bitcoin surpassed on the 8th of February.

Because Bitcoin is holding above $45k, Parets is now targeting $70,000.

3. Tom Fitzpatrick, Citibank

A senior analyst at Citibank, Tom Fitzpatrick recently wrote a report on the similarities between the 1970s gold market and bitcoin. In it, he highlighted some technical analysis that guided him to predict that BTC’s December 2021 target could potentially be a monumental $318,000. Oof!

4. Anthony Pompliano, Morgan-Creek

Anthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the ’20s, and eventually go on to reach $1 million per coin.

He recently told CNBC’s “Beyond the Valley podcast,

5. Mike Novogratz, ex-hedge fund manager

Mike Novogratz is the CEO of crypto management firm Galaxy Digital. In February, Novogratz predicted that bitcoin could hit $100,000 by the end of 2021.

This prediction came shortly after Tesla announced that they’d bought up $1.5 billion of the crypto. He clearly felt that many other companies will soon look to follow suit.

6. John McAfee, entrepreneur and investor

In 2017, John McAfee famously claimed that he thought bitcoin would reach $1m per coin by 2020. It quite comfortably failed to do so, of course.

In July 2020, McAfee made a show-stopping u-turn.

Alright, John. Calm down!

7. Simon Peters, market analyst — eToro

eToro market analyst Simon Peters has predicted that Bitcoin will continue its bull run to reach somewhere in the region of $70,000 and $90,000 before the end of 2021.

8. The Winklevoss twins

These famed twins are now founders of crypto exchange, Gemini. They’re well known BTC supporters, but are also savvy investors in their own right.

In October 2020, the two took part in a YouTube interview for the “What Bitcoin Did” channel. In it, Tyler stated:

Cameron went on to add:

9. Tim Draper, venture capitalist

According to Tim Draper, BTC’s price will hit $250,000 by the end of 2022, or early 2023.

The pro-bitcoin investor said that he believes the value of bitcoin comes from its potential for denominational stability.

10.Willy Woo

Popular analyst, Willy Woo is equally bullish on BTC. At the end of 2020, he took to Twitter to announce that he believed his previous prediction of $200k per BTC by end of 2021 now “looks conservative”, and that “$300k (is) not out of the question”.

What’s going on in the markets this week?

Not a massive amount, to be honest, but here’s everything you need to know.

Monday 22nd March

No major events.

Tuesday 23rd March

GBP — Employment Change (DEC)

Wednesday 24th March

GBP — Inflation Rate YoY (FEB)

USD — Durable Goods Orders MoM (FEB) + Markit Manufacturing PMI Flash (MAR)

Thursday 25th March

USD — GDP Growth Rate QoQ Final (Q4)

Friday 26th March

Core PCE Price Index YoY (FEB)

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The Contentworks team

Contentworks is a content marketing agency that's all about telling your story and achieving your goals. Unless you want to climb Everest.

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