This article shown on bitcoin.com
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
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.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
This article shown on news.bitcoin.com bitcoin.comAuthor Jamie Redman on date 2021-10-30 21:30:37bitcoin.com Digital money that’s instant, private and free from bank fees. Download the official Bitcoin Wallet app today, and start investing and trading in BTC follow for more