Binance US CEO Catherine Coley believes that in 2021 we will have an “accelerated version” of the 2017 bull market, and by the end of the year the BTC rate will reach $ 100,000.
During an interview with the KLTA news outlet, Catherine Coley stated that the sharp rise in the first cryptocurrency at the end of 2020 was caused by an influx of funds from institutional investors. She expects a “fast-track” version of what happened after the 2016 halving. Recall that by the end of 2017, the BTC rate reached $ 20,000, but then dropped below $ 4,000.
“I thought the $ 50,000 mark made sense, but it looks like the rate will rise even higher. I think that by the end of 2021 bitcoin will be worth between $ 75,000 and $ 100,000, ”Cowley said.
Many people say that bitcoin has a bright future, for example, JPMorgan bank analysts believe that the BTC rate will reach $ 650,000. At the same time, today, on January 4, the price of the first cryptocurrency fell by 19% – in the morning it exceeded $ 34,500, and already at lunchtime pierced down $ 28,000. Mark Newton, founder of Newton Advisors, warned about it. He said that Bitcoin’s bull rally could stall as early as early 2021.
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