Honestly, this is a very tall order even though nothing is impossible. I do not see it happening this year. For the value to rise to that point, then there must be a critical change that would need to make it happen but it looks very unrealistic for such an occurrence to happen. If it does, it would cause a very big upset in the money market.
I think its price can be as much as you are predicting because you can see its price has gone up a lot in just a few months and I think it can be as high as you guessed. And I think its price will go up because I have heard from many more people that its price will go up.
Before wondering if bitcoin can reach $100k per coin in 2021, it will be good if you look at it's previous history.
I see how the stuff goes around Bitcoin, I doubt the $100k price land mark of Bitcoin. Cos of the recent slump in the value, its been stuck around $30k - $37k for more than three weeks now. But I'm expecting it to go higher than the current price.
I think that this price may be rather far off, however the possibility of it increasing to a point of around 50k does make sense and could be a possibility. However, I am expecting that throughout the course of the year we may see a crypto market crash and the reason that I think this is that many countries are adopting crypto and whilst this is a good thing, the increased interest could cause whales to sell off when it reaches a certain point that could drop the price. However it will surely rise after that.
I heard you right, $50k isn't bad for the coin to amaze. If it gonna attain that land mark then it gonna be tremendous, cos many investors that endure and save up to that time will be gaining. But at the meantime its not all that straightforward for Bitcoin.
This is true with any cryptocurrency, and there is never a sure deal. A coin that can be set to steadily income and that has always seen increases in its price could suddenly fall drastically by a major sell off. So it all depends on the activity on the market. I think that to a large extent there are many users that can actually have this level of manipulation on the market. And some sell to drop the price and then rebuy at the lower price.
That has been the ways of those top investors being the whales. They buy at a lower price hold the coin some time and release very big part of their coin to make huge profit and causing the coin to be dropping down steadily. It takes patience and endurance for a non whales investor to reap good reward around Bitcoin.
