Skip to main content

Finance Author Says $100K Bitcoin Prices Not ‘So Far-Fetched — Don’t Rule It Out’

Throughout 2021, there’s been a number of people who have said they expect bitcoin to reach $100K by the end of this year. In more recent times, the six-digit bitcoin price forecasts continue as people are now saying a sudden move to $100K “doesn’t seem so far-fetched.”

The Probability of Bitcoin Hitting $100K — ‘Don’t Rule It Out’

Many bitcoin speculators and investors believe the road to $100K is not only probable, but guaranteed. Bitcoin.com News has covered numerous individuals, experts, analysts, and advisors this year that have said bitcoin (BTC) is likely to reach the six-digit price range by the year’s end.

As the leading crypto asset, in terms of market capitalization, hovers above the $60K zone, many still believe the $100K target is inevitable. The financial institution Standard Chartered predicted at the beginning of September that BTC’s value could reach $100K by the end of the year or early 2022.

The web portal investing.com recently discussed whether or not BTC reaching six-digits per unit is possible. Meanwhile, Yahoo Finance contributor, Javier David, an editor “focused on markets and the economy” explained on October 21, that “suddenly, a bitcoin move to $100K doesn’t seem so farfetched.” David said “bitcoin ‘hodlers’ are looking awfully prescient these days,” and as far as BTC hitting $100K is concerned, the editor says “don’t rule it out.” David’s Yahoo Finance editorial adds:

It’s hard to deny that the nascent ETF boom is a milestone in bitcoin’s grudging yet growing acceptance. Is $100,000 — or even higher — the next stop? Don’t rule it out.

Bitcoin More Likely to Reach Six-Digits Than $40K

On Twitter, the Youtube channel Mmcrypto’s official Twitter account said on October 23:

It’s much more likely for bitcoin to hit $100K this year [than] $40K.

On October 27, Dennis Porter tweeted: “I can’t believe it, but bitcoin is on sale today. 12% off from ATH. Maybe last chance at these prices before $100K.” Last Tuesday, the creator of the Stock-to-Flow (S2F) bitcoin price model, Plan B, told his 1.2 million Twitter followers that the “bitcoin bull market, 2nd leg has started.”

Wallstreetbets Founder Jaime Rogozinski Predicts $100K by the Year’s End — S2F Author Gives ‘Floor Predictions to Laura Shin

In an interview with Blockworks, Wallstreetbets (WSB) founder Jaime Rogozinski said that the infamous Jordan Belfort asked him this past March where the WSB founder envisioned BTC’s price leading to by the end of 2021. “I told him $100,000 by the end of this year,” Rogozinski explained in his recent interview.

It seems quite a lot of crypto enthusiasts have the six-digit price range for BTC on the top of their heads. On October 23, the popular host of the Unchained podcast, Laura Shin, talked about six-digit prices with the S2F author Plan B. The S2F author told Shin his “bitcoin price floor predictions for November ($98K) and December ($135K).”

What do you think about bitcoin (BTC) hitting $100K by the year’s end? Let us know what you think about these predictions in the comments section below.



from Bitcoin News https://ift.tt/2ZAmNLs
Labels:

Comments

Post a Comment

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...
Post a Comment
Read more

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar

Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news outlet noted that some experts have cautioned that these moves, along with the closer relationship that has developed between Moscow and Beijing, point to the likelihood of China attempting to launch a gold-backed currency. However, neither Russia nor China has officially confirmed plans for such a currency. Craig Singleton, senior fellow at the Foundation for Defense of Democracies and a former U.S. diplomat,...
Post a Comment
Read more

Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in ‘Stark Contrast’ to Path Fiat Currencies Take

Fidelity Digital Assets, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take — namely the path of increased supply, additional currency creation, and central bank balance sheet expansion.” Fidelity Says Bitcoin Could Be Portfolio Insurance Fidelity Digital Assets, a subsidiary of Fidelity Investments, recently published a research study titled “The Rising Dollar and Bitcoin.” The research outlines “how bitcoin could be considered portfolio insurance” as the rising dollar impacts global currency markets. “The strengthening U.S. dollar is wreaking havoc among other countries and may put pressure on the Federal Reserve to soon reverse its tightening monetary actions, something that has precedent based on 1985’s Plaza Accord,” Fidelity explained. In addition, “more monetary debasement may be needed to ...
Post a Comment
Read more