Bitcoin shoots past $22,000; what does the future hold?
A few hours ago, Bitcoin rose to a new all-time high. As of press time, the digital asset was trading at around $22,700, rising by $3,000 in just 24 hours. But with a new all-time high in unchartered territory, the question everyone is asking – “Where will Bitcoin go from here?”
Here’s a rundown of the price predictions from some financial experts and analysts
- Robert Kiyosaki, author of Rich Dad Poor Dad believes bitcoin will tend towards $50,000 in 2021.
Glad I bought Bitcoin. Next stop $50 k. Wall of institutional money coming 2021. Buy below $20 k. If you missed Bitcoin, buy silver. Silver set to move due to AOC’s Green New Deal. America in trouble. Future bright for gold silver Bitcoin and entrepreneurs.
— therealkiyosaki (@theRealKiyosaki) December 13, 2020
- Scott Minerd, Global Chief Investment Officer of Guggenheim Partners sees a possible future price of $400,000
- On-chain analyst, Willy Woo, sets a “ridiculously low” target of $100,000. Meanwhile, $55,000 is the next landmark.
Zoomed view.
— Willy Woo (@woonomic) December 16, 2020
$100k is a ridiculously low target at the current trajectory.
$55k is the next landmark -> Bitcoin becomes a $1T macro asset bucket. 🎉 pic.twitter.com/CVRDRlrooY
These are just a few positive predictions on the future price of Bitcoin. Moreover, JPMorgan opined that $600 billion could flow to bitcoin in the coming years.
The general outlook for the price of Bitcoin is positive. However, as the price of BTC continues to rise, there could be a possible retrace around the corner.
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