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Bitcoin Price Prediction 2021

Current price:

By Admin

February 04, 2021

3597

What is Bitcoin (BTC)

Bitcoin is the most valuable cryptocurrency or digital asset in the world. It dates back to 2008, while in 2009, it became accessible. Bitcoin is a digital resource created to ease the transfer of funds. Most importantly, it enhances a third-party free transaction process. Also, users do not need to disclose their identity while making payments. All transactions across the Bitcoin blockchain are irreversible and cannot be undone.

Currently, Bitcoin sits at a market cap of over $600 million out of the total $1 trillion for the crypto market in general. Therefore, Bitcoin is the largest and most valuable asset in the crypto market. According to Bitcoin News, Bitcoin’s current price is about $33,800. BTC’s maximum supply is 21 million, while its circulating supply is over 18,616,000. Other crypto coins also claim to have a decentralized system, but Bitcoin remains the first-ever digital asset ever to exist.

Bitcoin Price Chart

BTC Price Prediction for BTC 2021

At the end of 2020, the Bitcoin coin price went as high as crossing the $30,000 mark. The big bull run went on till the beginning of 2021, and BTC price crossed $40,000. This price is about a 248% increase in Bitcoin price USD from 2020.

Afterward, the hype and media were all over it, and everyone started to carry the Bitcoin news. Many were grateful to have bought the dip, while some people expressed their regrets for not buying early. However, not everyone was optimistic about the Bitcoin price at the end of this year. Some analysts still see a sharp drop in 2021, just like it happened after the 2017 bull run.

Bitcoin predictions for 2021

Mike McGlone Bitcoin Price Prediction 2021

While speaking in an interview, Mike McGlone from Bloomberg stressed the reason for the Bitcoin surge. “What I’m worried about – looking at its performance, Bitcoin is potentially indicative of the future. Next year too, it could add a zero to the back of the number.”

Likewise, he said. Bitcoin’s current price keeps increasing because of its limited supply and institutional investments.

“Before, it had retail investors now institutional investors – limited supply and increased demand is picking up. The mark is very positive.” – Mike McGlone.

Mike’s Bitcoin price prediction stands around $170,000 at the end of 2021.

Robert Kiyosaki Bitcoin Price Prediction 2021

The author of the best-selling “Rich Dad Poor Dad” says institutional money will push BTC higher. Kiyosaki also encouraged buyers to enter around $20,000 as $50,000 is the next target for Bitcoin price USD.

“Glad I bought Bitcoin. The next stop is $50k. Walls of institutional money coming 2021. Buy below $20k………….”

Kiyosaki is likewise an investor in real estate and precious metals.

Mike Novogratz Bitcoin Price Prediction 2021

In November 2020, Mike Novogratz, founder of Galaxy Digital, made a tweet predicting Bitcoin value in 2021. He predicted while advising Maise Williams, a star from the famous ‘Game of Thrones.’

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

Novogratz sees the Bitcoin coin price at $65,000 at the end of 2021.

Simon Dedic Bitcoin Price Prediction 2021

Simon Dedic, the co-founder of Blockfyre, a cryptoanalysis company, predicted that the Bitcoin coin price could touch $150,000.

“In 2017, you could have bought any altcoin, and it was a good investment. IMO, this won’t happen again. However, I still believe that the bull run will return and pump a few solids out there”.  

Afterward, he gave his predictions on several crypto assets giving $BTC a potential $150,000 price.

Willy Woo Bitcoin Price Prediction 2021

Famous on-chain analyst Willy Woo says in a Twitter thread that he is interested in “holding” BTC as he has never been so bullish for 2021. Woo said, “My Top Model suggesting $200k per BTC by the end of 2021 looks conservative. $300k is not out of the question.”

He continues – “I’ve never been so bullish for 2021. This re-accumulation phase coincides with spot market inventory depletion roughly 2x longer and deeper than the last cycle. It will send BTC.”

Willy Woo is sure that the Bitcoin price USD will be up to $200,000 in 2021.

Likewise, Citibank analyst Tom Fitzpatrick gave his Bitcoin price prediction. He said the asset would trade at $318,000 by the end of 2021. Tom admitted that painful corrections would follow the unthinkable rallies. Meanwhile, he said that Bitcoin was the new gold with fewer restrictions.

Bitcoin Price Prediction 2021

There are several reasons why investors can be bullish on Bitcoin predictions. Between 2020 and now, a good number of institutional investors and hedge funds have bought into Bitcoin. Popular mobile software provider MicroStrategy bought BTC worth $650 million in December 2020. Currently, the firm holds about 70,470 Bitcoins, equivalent to more than $2.4 billion.

Similarly, Grayscale Bitcoin Trust has the most significant Bitcoin investment so far. The company holds some 572,644 Bitcoins, which is about 2% of BTC’s total supply. Grayscale Investments has over $21 billion in Bitcoin. Likewise, Grayscale also runs the Grayscale Digital Large Cap Fund. This hedge-fund too exposes investors to digital assets such as Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Meanwhile, as of January 2021, 81.6% of the fund is invested in Bitcoin alone. As a result, about 7,036 BTC worth $279 million is held by the fund.

Other financial institutions like the CoinShares Group, London-based Ruffer Investment Company, and more have also bought BTC with millions of dollars. Moreover, world-leading asset manager BlackRock recently showed its interest in Bitcoin Futures investments.

It is imperative to note that institutional investors are coin “HODLERS.” They did not buy BTC for circulation but to lock it up till further notice. So, there is bound to be a reduction in the circulating supply of Bitcoin. Limited supply and an increase in demand breed a bullish market. We will not be surprised then to see BTC predictions fulfill and one Bitcoin sold for $100,000.

Bitcoin Price Prediction 2025

From now till 2025, BTC price is expected to surge very high. As a result of multiple streams of institutional investments, Bitcoin supply will become scarcer. Thus, the law of demand and supply will come into play and push BTC price to a massive high.

Apart from a correction, other things might happen that might drive Bitcoin’s current price lower. If countries make laws against cryptocurrencies, this might cause bad news. Also, hacking of exchanges and selling pressure might cause roadblocks for BTC. However, in the long run, any of these might never happen. Even if it does happen, it might have no adverse effect on Bitcoin value.

Therefore, by 2025, we expect a six-figure price per BTC.

Verdict on Bitcoin Predictions

No doubt, Bitcoin is the most valuable digital asset in the world. With Bitcoin’s current price and its market cap value, it has over 60% dominance on the crypto market. Therefore, Bitcoin is an investment that will always be worth it. Like the Stack-to-Flow model and other financial analysts suggest, a limited supply will drive BTC price above $100,000.

Bitcoin is a safe investment for buyers. Many investors are buying BTC to ensure their money doesn’t lose value to inflation. No matter the Fear, Uncertainty, and Doubt, Bitcoin value always increases. Thus, this is a good asset for every crypto trader in 2021.

To buy BTC, you can make use of the Atomic Wallet Interface. Atomic Wallet provides an easy and secure payment process with your bank card.

How to Buy Bitcoin

One of the most efficient means to buy BTC is through Atomic Wallet. Atomic Wallet allows you to make a direct payment in USD using MasterCard or Visa. The ‘Buy’ button is found at the bottom of your wallet. Click on it to make an easy deposit. You deposit using Simplex, a secure payment gateway. Meanwhile, there is a minimal 5% fee on your deposit. Also, you can only buy a minimum of 10 USD worth of BTC.

Besides Bitcoin, you can buy and hold over 500 coins and tokens on the Atomic Wallet Interface. This wallet is decentralized, and your assets are highly secure.

How to Exchange Bitcoin

Atomic Wallet supports cryptocurrency exchange as well. At the bottom of your wallet, tap the ‘Exchange’ button. Afterward, choose the coin you want to send and the one you wish to receive. You can exchange over 60 crypto pairs within your wallet. Swapping is an instant process that comes with excellent rates.

Disclaimer

This article is to provide predictions of BTC value at the end of 2021 and by 2025. It is subject to the views of different cryptocurrency analysts and investors. This article is not financial advice. Crypto trading is risky. Therefore, traders are encouraged to make use of proper risk management.

Ethereum Price Prediction & Forecast 2021

Will Ethereum (ETH) price rise or fall in 2021?

Since the beginning of 2021, Ethereum price has gone up by over 85%. Ethereum has broken above the $1400 resistance zone and recently hit the $1500 milestone. Thus, ETH is set for new highs this year. 

ETH price is also subject to higher levels due to Ethereum 2.0 launch and more extensive DeFi adoption. Ethereum 2.0 was launched close to the end of 2020. Meanwhile, over 3 million ETH currently worth $4.2 billion is locked in the project. 

So far, Defi projects are gaining higher ground. UniSwap is on top of the Decentralized Exchange (DEX) ecosystem with $23.3 billion. Remember, Ethereum is an underlying asset for decentralized finance. About 7.21 million Ethereum is locked in Defi. Thus, the more Defi projects gain ground, the higher this will push Ethereum price.

Since January 4, Ethereum’s price has not gone below the $1,000 mark. Thus, providing us an optimistic Ethereum price prediction. There are massive investments in Defi and bullish moves by Ethereum. We can safely predict that Ethereum’s price will close above $2,000 by the end of 2021.  

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