Popular crypto analyst Willie Wu believes that the price of bitcoin can reach $300,000 in just a year.
In the seriesWu's tweets said he had "never been so optimistic" about the outlook for bitcoin for 2021.
</p>"My top model, which predicts $200,000 for BTC by the end of 2021, looks likeConservative.$300,000 is not excluded,"- said Wu.
"The current market on average paid $7456 for its coins.
</p>"This phase of re-accumulation coincides with a decrease in the number of mints in the spot market and compared to the last cycle about 2 times longer and deeper", - he said.
According to Wu, the dollar increase in the market capitalization of bitcoin for every dollar invested in thiscycle, will exceed the cycles of 2013 and 2017:
"In 2013, it was $2, $2.50 in 2017 and will be$3.50 or more in 2021."
In November, Wu said bitcoin was at the start of its next "major bullish rally" and the price peak would beat the end of 2021.
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