• About Us
  • Privacy Policy
  • Contact Us
Subscribe
Lascena
Advertisement
  • Home
  • Bitcoin
  • Cryptocurrency
    • Altcoin
    • Litecoin
    • Ethereum
  • Blockchain
  • Regulation
  • Market
  • Prices 2021LIVE
  • Videos
No Result
View All Result
  • Home
  • Bitcoin
  • Cryptocurrency
    • Altcoin
    • Litecoin
    • Ethereum
  • Blockchain
  • Regulation
  • Market
  • Prices 2021LIVE
  • Videos
No Result
View All Result
Lascena
No Result
View All Result

What top 5 crypto analysts and fund managers think will happen to Bitcoin’s price in 2021

January 2, 2021
in Bitcoin
Reading Time: 3min read
What top 5 crypto analysts and fund managers think will happen to Bitcoin’s price in 2021


Despite the pandemic and the amount of global turmoil in 2020, Bitcoin enjoyed an extremely strong rally.

The cryptocurrency ended 2020 up by over 300 percent, making it the best-performing institutional asset aside from Tesla’s shares, TSLA.

Chart of BTC’s price action over 2020 Source: BTC/USD Chart from TradingView

This comes in spite of Bitcoin dropping to $3,500 in the middle of March, which made many doubt the long-term survivability of the cryptocurrency.

Still, most analysts think that BTC will perform extremely well over 2021. Here’s a list of what top crypto analysts and fund managers think will happen to the leading cryptocurrency in the coming 12 months.

Thomas Lee

Thomas Lee, a co-founder of Fundstrat Global Advisors, says that Bitcoin could triple in 2021. Assuming that he is using a baseline price of $30,000, this means that BTC could move to $90,000 and beyond in the coming year.

“I think that 2021 will be a lot like 2017, which means that bitcoin will do even better in 2021 than it did in 2020. So, something above 300%.”

Bitcoin could triple in 2021, according to Tom Lee of @fundstrat. He unpacks his top picks for the new year and why he believes epicenter stocks will surge. pic.twitter.com/NXs3GvugLL

— CNBC’s Fast Money (@CNBCFastMoney) December 30, 2020

He thinks that Bitcoin will largely be pushed higher by the dropping value of the U.S. dollar relative to other foreign currencies:

“The dollar’s weakness will make people think: how do you sort of keep a unit of sound money. A lot of these people thought gold would be that store. I think it still has a reasonable basis for someone to be long on gold. But, I think for younger folk, and those who are from the digital generation, Bitcoin is the digital asset that they want to hold.”

The investor added that there is a large contingent of younger investors that may seek Bitcoin over gold.

This is a sentiment that has been shared across Wall Street and is actually why some prominent investors say that they are buying BTC over the precious metal.

Kelvin Koh

Kelvin Koh, the co-founder of Spartan Group and a former Goldman Sachs partner, thinks that Bitcoin will surpass $100,000 in 2021.

The venture capitalist and investment manager predicted at the start of 2020 that Bitcoin would reach $40,000 last year. His prediction proved to be one of the more accurate in the crypto space.

Bloomberg’s Michael McGlone

Bloomberg analyst Michael McGlone wrote in his December monthly report that Bitcoin could hit $50,000 in 2021, citing the macroeconomic trends that are set to drive this market even higher.

He added that the supply-demand dynamics of the crypto market are skewed bullish with the amount of capital boosting Bitcoin via futures and via products like the Grayscale Bitcoin Trust.

Mike Novogratz

Former Goldman Sachs partner Mike Novogratz says that Bitcoin could hit $65,000 in the near future.

While he did not attach a date to this prediction, it can be assumed that he thinks the cryptocurrency will reach $65,000 in the coming year or so.

I bought more $BTC last night at 15800. It’s going to 20k and the. To 65 k. The network effect has taken over. I see tons of new buyers and there is very little supply. It’s an easier trade here that at 11k. So YES, buy it.

— Mike Novogratz (@novogratz) November 17, 2020

Bitcoin, currently ranked #1 by market cap, is up 0.36% over the past 24 hours. BTC has a market cap of $547.44B with a 24 hour volume of $39.83B.

Bitcoin Price Chart

BTCUSD Chart by TradingView

Like what you see? Subscribe for daily updates.





Source link

Facebook0
Twitter0
Linkedin0
Print0
E-mail0
Yahoo Mail0
GMail0
SMS0
Messenger0
Tags: AnalystsBitcoinsCryptoFundHappenmanagersPriceTop
Next Post
Analyst explains why Polkadot’s DOT is up 50% in a week, outpacing Ethereum

Analyst explains why Polkadot's DOT is up 50% in a week, outpacing Ethereum

Bitcoin Hits $30K for 1st Time Ever in a Belated New Year’s Gift for HODLers

Bitcoin Hits $30K for 1st Time Ever in a Belated New Year's Gift for HODLers

Don't Miss

RIPPLE XRP NEWS!!! “If You Hold Dollars You’re In SERIOUS Trouble” | Robert Kiyosaki
Cryptocurrency Videos

RIPPLE XRP NEWS!!! “If You Hold Dollars You’re In SERIOUS Trouble” | Robert Kiyosaki

by Lascena Cryptocurrency News Education
March 6, 2021
0

RIPPLE XRP NEWS!!! “If You Hold Dollars You’re In SERIOUS Trouble” | Robert Kiyosaki MAKE MONEY WITH US 🥇 http://RUNGUYS.COM...

Read more
Confirmed! PayPal Just Said YES to Cryptocurrency in 2020! | Bitcoin and Cryptocurrency News

Confirmed! PayPal Just Said YES to Cryptocurrency in 2020! | Bitcoin and Cryptocurrency News

March 6, 2021
How To CPU Mine Monero RandomX on Intel and AMD CPUs | Profitability | BEST CPUs | Best Miners

How To CPU Mine Monero RandomX on Intel and AMD CPUs | Profitability | BEST CPUs | Best Miners

March 6, 2021
THESE ALTCOINS KEY TO NEXT BULL MARKET – ETHEREUM BASELINE EXPLAINED 2020

THESE ALTCOINS KEY TO NEXT BULL MARKET – ETHEREUM BASELINE EXPLAINED 2020

March 6, 2021
URGENT XRP NEWS!!! Ripple Crypto X-CHANGE Launch! The WHALES are ready…

URGENT XRP NEWS!!! Ripple Crypto X-CHANGE Launch! The WHALES are ready…

March 6, 2021

Lascena Cryptocurrency News Education

We have all the latest updated and legitimate information related to Blockchain, Cryptocurrency, latest market rates & trends, prices, new regulations along with every other thing that somehow related to crypto or digital currency market. Our main idea is to provide the kind of news that is original and at the same time, it can prove to be beneficial for our audience.

© 2020 lascena.ca

  • About Us
  • Privacy Policy
  • Contact Us
No Result
View All Result
  • Home
  • Bitcoin
  • Cryptocurrency
    • Altcoin
    • Litecoin
    • Ethereum
  • Blockchain
  • Regulation
  • Market
  • Prices 2021
  • Videos

© 2020 lascena.ca

  • bitcoinBitcoin(BTC)$47,637.00-1.80%
  • ethereumEthereum(ETH)$1,547.512.55%
  • tetherTether(USDT)$1.010.48%
  • cardanoCardano(ADA)$1.11-4.77%
  • Binance CoinBinance Coin(BNB)$222.82-2.48%
  • PolkadotPolkadot(DOT)$32.75-3.16%
  • rippleXRP(XRP)$0.455779-1.53%
  • UniswapUniswap(UNI)$27.831.77%
  • litecoinLitecoin(LTC)$178.020.09%
  • chainlinkChainlink(LINK)$26.87-1.56%