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Bitcoin shoots past $22,000; what does the future hold?

Saudu Clement
Saudu Clement

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.
  • 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.

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.