Bitcoin's Rise to $100,000
As many members in the crypto world have heard, many analysts predict that BTC will surpass $100,000 before the year ends. One such analyst, Anthony Pompliano believes bitcoin is on track to reach the 100k mark before year's end. In a CNN interview Pompliano explains that bitcoin's "perfect storm" is happening, further explaining that the trend towards loose monetary policy, as well as Bitcoin's halving event.
Another notable figure, Pantera CEO Dan Morehead predicted that Bitcoin's price would reach $42,000 by the end of 2019, and the data he used for this prediction was much more idealistic than that of Pompliano's $100,000 estimate for Bitcoin's end of year price.
Additionally, there is a Twitter user by the name of PlanB that makes in depth charts and analyses of bitcoin's price. He stated "In fact I have new data that confirms the supply shortage is real. IMO 2021 will be spectacular."
*Provided below will be charts from PlanB
Although no one truly knows, the prediction of Bitcoin reaching the $100,000 mark before the start of 2022 is one based off of reason and knowledge. Are these experts being overzealous, or are they being accurate in their predictions? This is important for each reader to decide based on the information provided in this article combined with personal knowledge.
