Experts: Bitcoin will rise to $ 300,000

2020 was proof of the imperfections of the traditional financial system and competitivenessmain digital asset – bitcoin.

The higher the bitcoin rate rises, the more hypotheses appear about how the main cryptocurrency will behave in 2021.

Experts expressed their assumptions.

$ 74,000: Todd Gordon's prediction

Todd Gordon, founder of TradingAnalysis, said in an interview with CNBC that Bitcoin will hit $ 74,000 in 2021.

The expert operates with the Elliott wave theory,which is often used in forecasting. Todd Gordon is confident that the current market situation is similar to Bitcoin's growth in 2014, when the coin showed a 658% growth.

Even if this scenario doesn't work out, Bitcoin is stillwill still show excellent growth. According to the forecast of the founder of TradingAnalysis, the lowest rate of the main cryptocurrency by the end of 2021 could be about $34,000. 

$ 100,000: Anthony Pompliano

Another expert, co-founder of the investmentof Morgan Creek Digital Anthony Pompliano is also confident in the growth of Bitcoin to 100 thousand dollars. He is of the opinion that bitcoin has already established itself in the financial market and is becoming more attractive to institutional investors and billionaires.

$ 200,000: Willie Wu's forecast

Cryptanalyst Willie Wu is also positiveestimates bitcoin's chances to grow in 2021. He wrote on Twitter that he was never so confident in his bullish position, and even announced a forecast of 300 thousand dollars.

But Wu still decided that 200 thousand dollars for one BTC – a more likely scenario, but he wouldn't be surprised by an explosive rise to $300k.

$ 250,000: Raoul Pal's forecast

Raoul Pal, CEO of the Real Vision channel and crypto enthusiast, also believes in Bitcoin's growth and predicts a price of $ 250,000 for it.

He said that next year will be a breakthrough forthe cryptocurrency industry since institutional investors have taken notice. Pal is also confident that Bitcoin is now growing not due to speculative sentiment, as it was in 2017, but due to the infusions of large players, for example, Grayscale Fund, PayPal and Square.

$ 318,000: Tom Fitzpatrick's prediction

The most incredible bitcoin price prediction was made by Tom Fitzpatrick, Managing Director of Citibank. The expert opinion is published in the report for institutional clients of a financial institution.

Fitzpatrick conducted a technical analysis of the previous highs and lows of the asset price and came to the conclusion that Bitcoin will be worth $ 318,000 by December 2021.

The analyst compared cryptocurrency to gold andexplained that the overall rise in bitcoin is a consequence of the 2008 crisis and we are seeing recent highs due to the COVID-19 pandemic. In the 1970s, gold had a similar growth scenario.

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