Binance US CEO Catherine Coley, in an interview on KTLA News on Jan. 2, said that Bitcoin could reach a maximum of $100,000 by the end of the year.
- Coley was confident in Bitcoin's ability to prosper as an independent asset class, saying that it would it reach between $75k and $100k in 2021
- Throughout the interview, Coley touted the benefits of holding an uncorrelated asset like Bitcoin
- Her prediction fits the prediction of many others, from market analysts to prominent investors like Tim Draper
- According to the much discussed Stock 2 Flow Model, Bitcoin would be approximately $92,000 by the end of 2022
- Draper believes that 1 Bitcoin will be worth $250,000 by 2023, while Social Capital CEO Chamath Palihapitiya believes that a $1 million valuation is possible