Will Bitcoin Reach All-Time High of $100K in 2021? - for Dummies

"Putting short-term volatility aside, Bitcoin could quickly touch the $100,000 mark by next year or perhaps by the end of 2021. I'm not alone in making this cost prediction as Gordon Einstein, who is the founding partner at Crypto, Law Partners, also believes that Bitcoin might touch $100,000 and among the reasons is because of Bitcoin being decentralised and the cost is determined by the market, not by a CEO or official body," Eman Pulis, group founder at Sigma, told Khaleej Times.

Top Reasons Why Bitcoin(BTC) Price Could Breakout Soon

It remains about 70 per cent higher for the year and is more than 1,000 per cent higher than its 2020 low of $3,850. Bitcoin has actually been strugglling considering that striking a record $64,895. 22 in mid-April. It was down nearly 15 percent during the recently at $49,804. The second-biggest cryptocurrency, Ether, has also soared more than 400 per cent this year.

Bitcoin Price Prediction 2021: Why BTC Could Hit $100K by Year-End

"With all these substantial motions, $80,000-$100,000 is a fair trading range. Nevertheless, there is still Solution Can Be Seen Here for it to smash through this variety and even reach, let's state $250,000 and even $500,000, if this bullish market continues. What is particular is that Bitcoin's popularity is no place close to slowing down and its approval into our every day life could drive it to a trading rate no one would of thought of a year earlier, and even now," Pulis said.

The start of the year also saw Bitcoin smash through the $60,000 mark, which was a massive turning point for the digital property. However, the following months saw a small dip. "Due to this dip, I expect another pump in Bitcoin's rate in the second half of the year. Massive corporations are backing the digital property, such as Pay, Buddy and Morgan Stanley, to name a few, while cryptos' appeal continues to rise in other areas." Elaborating, he said Miami is wanting to end up being the crypto capital of the world by paying workers in Bitcoin while Premier League club Southampton FC has actually chosen to pay their gamers' perks in the asset.