Investor activity and demand growth. Why Bitcoin will rise in price

Partner at the investment company Morgan Creek Digital Anthony Pompliano explained when the cryptocurrency rate will riseup to $ 100,000. Why the price of the coin will rise, said analyst Willy Wu and Bloсkroots founder Josh Rager.

Bitcoin will rise in price to $ 100,000 by the end of 2021,Anthony Pompliano, a Morgan Creek Digital investment company partner, wrote on his Twitter account. He is confident that the explosive growth in the rate of the first cryptocurrency will occur due to growing demand for the asset and its limited issue.

Bitcoin just hit $ 10,000.

I still think that Bitcoin will hit $ 100,000 by end of December 2021.

Fixed supply. Increasing demand. Time will tell. #Bitcoin

— Pomp? (@APompliano) February 9, 2020

“The price of Bitcoin has just risen to $ 10,000. I’m still sure that it will go up to $ 100,000 by the end of December 2021. Fixed emission. Growing demand. Time will tell, ”said Pompliano.

Confidence that Bitcoin will continue to go upexpressed analyst and founder Bloсkroots Josh Rager. In his Twitter account, he published a chart showing that the rate of the coin on the weekly segment remained above the values of September-October of the previous year. This speaks in favor of continuing the uptrend, the entrepreneur is sure.

#Bitcoin weekly close

BTC price closes above previous weekly opens in Sept and Oct and looking strong

We are officially getting higher-highs on the weekly chart

We can say the "downtrend" is officially over (though we all know it's been over for a while) pic.twitter.com/t46bApGm0D

— Josh Rager? (@Josh_Rager) February 10, 2020

Another factor that increases the likelihood of a rise in priceBitcoin, said analyst Willy Wu. According to him, the rise in the price of the coin will not end at around $ 10,000, as there is a significant increase in investor activity.

This breakout is the real deal. Fundamental investment activity is backing this $ 10k breakout. pic.twitter.com/IDWmhXX2Mj

— Willy Woo (@woonomic) February 9, 2020

Bitcoin price increases 100% are expected by the head of the Bitmex exchange Arthur Hayes. He did not name the reasons, but suggested that cryptocurrency would gradually go up to $ 20,000.

Nothing can stop me, I’m all the way up! Slow and steady wins the race. Let’s take the staircase up to #bitcoin $ 20k. pic.twitter.com/n90QN0vZ7k

— Arthur Hayes (@CryptoHayes) February 9, 2020

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