Bitcoin will rise by more than 250% in the current bullish cycle, trader Peter Brandt told Real Vision. He compared the situation with what happened in 2017, when the price of the cryptocurrency first reached $ 20 thousand. According to Brandt, the market is now in a pause before the final stage of growth begins. If the analyst’s forecast works out, the coin’s quotes will exceed $ 200 thousand, writes RBC Crypto.
Mike McGlone, senior strategist at Bloomberg Intelligence for exchange commodities, also spoke about the multiple growth of bitcoin quotes from current levels. He suggested that if events on the crypto market develop according to a similar scenario, as in 2013 and 2017, the price of the main digital coin could reach $ 400 thousand in 2021.
One of the brightest forecasts for cryptocurrency in recent years was given by the head of MicroStrategy Michael Sailor. According to him, in the future, the bitcoin rate may reach $ 5 million, and the capitalization – $ 100 trillion. The CEO of the company, which is listed on the Nasdaq, predicted that digital money would outperform FAANG, the tech giants Facebook, Amazon, Apple, Netflix and Google.
At the same time, the CEO of the Kraken crypto exchange Jesse Powell is confident that in the next 10 years the value of bitcoin may rise to $ 1 million. Powell did not rule out that in the future people will start calculating all prices in bitcoins, and not in dollars.