Bitcoin Forum

I know that some people believe BTC can achieve much more than we have seen till this far. Just in 1 month the BTC went from somewhere around $11K to +$16K today.

CitiBank Managing Director believes BTC can touch $318K by December 2021. What do you think? Is this really possible?

Read article:
CitiBank Managing Director Says Bitcoin (BTC) Can Touch $318K By December 2021 (https://www.worldcoinindex.com/news/citibank-managing-director-says-bitcoin-btc-can-touch-318k-by-december-2021)

For bitcoin to get to such high price, do you know the marketcap needed for it, over $2 trillion marketcap is needed. The question is, can bitcoin have such marketcap before the end of December 2021? I do not think so. It is possible for bitcoin to increase in price and also get to over $1 trillion marketcap but that even should not be the talk of now, let people address about how bitcoin will get to $500 million marketcap first before approaching $1 trillion and then to $2 trillion marketcap.

No, it's not. I don't understand how they make such assumptions, but bitcoin's price increasement by 20.000% within a year is something impossible. What exactly will happen this year that it will increase it that much? Are all the governments going to accept it? Lol.

These people are probably trying to get some traffic to their article sites. I have seen many similar articles that fulfill your enthusiasm but it was one that had crossed the line. Bitcoin price was $8k at that time and the article was saying that in less than 1 year it would reach 1 million. I like how some of them announce a specific number, though. Like $318k. They must have done some weird and advanced maths to calculate that.  :P

Any price is possible as the market is largely unpredictable. The argument that Bitcoin would be viewed as a safe haven to escape inflation is accurate and this would (already is) drive demand to Bitcoin. An increase in demand without a subsequent increase in supply would raise the value, but how high it can go within the next 1-5 years is the unpredictable question.

There are lots of figures being thrown around, but in my opinion, attempting to give an accurate amount to the tens (such as $318k) is not possible and seems more like just making numbers up, a range would be a more shrewd attempt.

It does not need a $2T market cap to get to $318k. Price and market cap go in tandem. I'd rather think the $1T (or $500B) market cap is just a psychological level that, once we get past it, will become easier to imagine as a reality. $1T or two is not that much imo for an asset that provides a lot of things we've never had before, in a fair way. To me, $318k is as easy to touch as $10k was before 2016.

It's the same dude who made a prediction in 2013 that gold is on its way to $3,500 and silver to $100.

and yea, he was significantly off the mark.

I agree.

But $318K is way bit too big for Bitcoin to have in the end of 2021. I don't doubt Bitcoin when it comes to profits and high fluctuations of its price, either going up or going down. Nonetheless, Bitcoin would continue to make new ATH(s} since we're already done in halving. However, we still can't say what year it is to reach that BTC price OP had said. For sure, before this 2020 ends, I bet it's going be in $20,000 again and will increase even more in January 2021.

Yes because they also believed that bitcoin is a digital gold from internet which can be reserve fund for the crisis to happen which can help to save some business, Not only citibank think that but we can see the graphics and others theory that bitcoin can really be on that price when the times comes or maybe after this pandemic bitcoin can be risen up.

Normally I would ignore such price projections for Bitcoins, because in most cases they are made without any logic. But in this case, I read the article and it seems that Thomas Fitzpatrick has done his homework regarding Bitcoin. His reasoning is solid and he didn't produced a random number out of the air. He came up with that figure after a lot of research and careful study.

BTW, what can this mean? The MD of one of the largest banks being bullish about Bitcoin. Can we expect the banking giants to enter the cryptocurrency sector after PayPal?

It's certainly possible. Not sure how likely it is, but possible, yes.
Objections to this are sometimes based on a misunderstanding of exponential growth or a misunderstanding of marketcap.

Below is a screengrab from CMC of recent BTC price progression - on a log scale. The objection that "it's only gone from $0 to $20k so far, therefore $300k is out of reach" overlooks the fact that this is a single order of magnitude change, which we've already seen many times before. Granted the progression gets harder each time, but there's no indication that we're anywhere near a ceiling yet.

Secondly the argument that it's unrealistic because it means a stratospheric marketcap - marketcap is misleading, it's just the current price based on current trades. It certainly doesn't mean that's the total value of the coin. BTC cap is currently $300b. This doesn't mean that all BTC could be sold right now for $300b, because each sale causes the price to change. Marketcap is just a rough guide and shouldn't be taken at face value, and shouldn't be taken as a limiting factor.

https://i.imgur.com/fZoj4n5.png

It seems to me that such a rapid rise in the price of bitcoin will lead to disaster.  

There are certain people (world elite) who rule the world.  We may not like them, but we must admit that they are professional managers.  They have certain skills and abilities.  

Let's say the dollar reaches $ 308,000.  This means that Roger Ver, Vitalik Buterin, Dan Larimer, John McCaffy, Craig Wright will become the richest and most influential people on planet Earth.  

If you guessed to buy Bitcoin in 2010, this does not mean that you are a good manager.  

To what extent are these people ready to take control of the world?  Are they capable of making strong management decisions?  All these people are smart, but how developed are their emotional intelligence?  Can they negotiate with other people?

$318k is possible but don't give it a timeframe as if it's about to happen exactly like 2021. When predictors like him come out all of the sudden, they just want to harvest the ripe fruits and when the market is bearish, they're all silent and don't want to say anything. This is how the institution plays with the emotions of most investors, they'll say words as an assurance to believe that it will exactly go to happen. But don't be too excited and ride those words, we will see that price but unlikely next year. When bankers are giving advice, you know that the favor is on them and not on us.

People are easily carried away by the hype the market is showing to us right now. Many of us are surprised that recovery took place this year from being down for more than a year since 2018. And since the market price is now close to its ATH, many people are making absurd conclusions on how high the market price could be. Indeed, things are the same as with the last ATH, wherein many people speculated a market price of more than $100k but the opposite of their expectations happened.

Many predictions continue to go crazy where with high values without thinking about the obstacles that will be faced after this month's bullrun, obviously fluctuating, bearish, FUD will continue to scatter if the price starts to go high so therefore I'm not really sure what was said in the article makes no sense and this is too ambitious in its conclusion.

Still, we will continue to keep an eye on what has happened before, even 20k is not strong, therefore when in the future bitcoin has reached 20k, what will happen, it is clear that this will cause a polemic that will make the public trapped in this hoax.

I agree, despite BTC going super strong right now there is one thing to have it go up a few millions and another multiplying to trillion in the space of just 1 year. The problem with this speculation as I see it is no so much around the marketcap value it could reach, I think BTC can reach trillions in marketcap, but the question is about WHEN. It is always the element of time that dictates when the profitability comes, rather than the value on its own.

Looking at the present market condition, Bitcoin will crearte a new ATH and will also easily reach its existing ATH by the year end.

Next year it will surely create a new ATH but to be realistic I doubt it will reach the fiat value as being predicted by Citibank MD. I expect it to reach 50k if I compare it with 2017 market condition. At that time Bitcoin was very unstable and the market was experiencing such a big pump for the first time ever.

This is so much HYIP but yes this is possible in my opinion because we know that the crypto market depend on the demand and if all the people or most of the people will buy crypto like bitcoin then pretty sure we can get a good market that can relatively touch or record 300K$ but I am in doubt that it can't get happen for now. Bitcoin has been doing good and many had known alreadt but only few are get attracted and interested to invest in it.

He did a careful study and came up with that number. He do have the necessary qualifications for making such a prediction, unlike the case with people like McAfee (who predicted a price of $1 million per coin by 2020). The evidence is right before your eyes. PayPal has just started allowing BTC in their platform, and we have seen a huge jump in the number of users. The exchange rate has risen by 60% in just one month. Still think that it is too good to be true?

That price is too much for me, if it's really possible to happen we should see the price jn $50k by the end of this year then that 300k$ in December 2021 is possible to happen.

As long as I don't see it , I will never believe in this prediction , well if that's really happen it's still good news for us that holding Bitcoin until now.

yeah thats true because even myself i also believe that btc can do more but not too much maybe it will only reach 18k to 20k usd you know that range but i never tried to speculate more than a hundred thousand dollar even if btc is given a time to grow till next year because i think that wont be possible but it was good to know that popular bank names such as citibank are now joining the guessing game on btc . people can gain an inspiration from that speech and they can strenghten more thier trust on btc

Here we go again another eexaggerated speculation
There is no wrong in expecting pump specially in bitcoin but please the tolerated value only.
Where did he get that idea?just because of halving effect?well i cant blame some people to look unto this but be ready in failing.
Bitcoin is indeed will make another ATH but at least not this too much.

I believe the banking giants have been already in the game long time but criticizing bitcoin publicly.
Source: https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/

PayPal was more open about it. Hopefully after the grand success of Bitcoin adoption by PayPal, some of the major banks, as well as the online retailing giants may consider integrating Bitcoin to their platform. Anyway, now Bitcon has reached such a stage that it no longer need the support of these giants. It can survive on its own. The situation has been reversed. So in case banking giants want to venture in to innovative fields, then they can consider Bitcoin. Now they need Bitcoin more than BTC needs them.

That value is really too much. Whether he is the top executive of known financial institution or the owner of a multi-million dollar company, we know here in the crypto community that it doesn't make a significant impact. We have been bombarded by speculations of self-proclaimed experts, but we just laugh about it because we know, they are just human being same like as and they are just mere predicting what will happen, which most of the time will not.

$ 318K is quite a fantastic target. I think even Bitcoin will only hit a price of $ 100k by the end of December 2021. That's a very high target. However, anything can happen with Bitcoin. Because of the future of Bitcoin we never know.

How does the world have to change for bitcoin to reach $ 318,000?  What will happen to the world economy in this case?  It's very difficult for me to imagine. 

Such a price is possible if only countries and large corporations become Bitcon holders.  However, before that there should be a large-scale confiscation of coins from individuals.  How realistic is this scenario in 2021?  I do not predict such events in 2021. 

However, this is possible in the future.  Bitcoin is a deflationary asset and a small number of transactions. 

Satoshi Nakamoto created Bitcoin for humans, but it can be assumed that in the future Bitcoin will not be used in the way Satoshi Nakamoto originally intended.

Personally when I see some predictions like this one, I smile and that is all. Of course this price is too overrated, like lots of predictions similar to this one. Such kind of authors need high ratings I suppose and nothing else. We saw too many of them in the history of Bitcoin, and even from very famous and some influencial persons. But everyone chooses what to believe in or not to.

That will be the highest price of bitcoin that will can happen in the next year. But bitcoin needs to break $100k, and now the price still below than $20k. The bitcoin price has a big chance to increase on that price in the future, but that will be a long time of waiting, and we are not sure if that can happen in the next year or not. But I am sure that if in the next year, many positives news releases can help bitcoin grow and the price will have a chance to be at the highest price.

It’s a very bullish prediction but it’s done via proper TA & projected by looking at past cycles. I think over $100,000 is definitely possible next year. Over $300,000, I don’t know but it’d be special if it does happen.

it will all be seen when 2021 in Q2, if bitcoin price in Q2 is able to hold on support zone over $ 100k ,
of course the speculation about $ 300k in December 2021 might happen, I really hope it will,
because altcoins will also be very affected, To The Moon.

There's a possibility that it might happened after the the Paypal's implementation and other project that adopts cryptocurrency in no time it might reach that price but for now let's leave it in the next few months there's a lot of things that can happen but it's good thing that we are positive about the Bitcoin's price.

ya.ya.yo!

The fact is no one knows predictions are always welcome and it's like giving a hint, some people believe crypto will never take off while most of them say it will replace Fiat within few years. But the things is we have seen pump and dump numerous times like the same way predictions come across only if the BTC price is high as it highly volatile now. Also there are possibilities for higher price by next year let's wait and see.

$ 100k is quite realistic for me at the end of 2021,
  but maybe more than that, but I don't expect too big to hit $ 300k,
If this is true, what about the possibility of altcoins? go to the moon too?

At the moment, this figure is unrealistic - you can simply count the number of bitcoins issued and imagine how much income miners will receive at that price. Given that miners bear fixed costs and must sell bitcoin, the pressure on the price from them will be very strong.

No, I don't think this article contains even 10% fact a sits highly impossible for bitcoin to reach this over estimated figure of $318k as we can expect anywhere between $30k to $40k if there is no bear market next year, not sure on what basis they speculate such irrelevant figures. If there is a bull run there would be a correction period as well hence we can term this prediction as void.

Expect for people to go off with these exaggerated numbers specially when they do get fomo'ed into this market.Lots of speculation will be thrown off like 100k or simply 6 digits price and now talking about 318? Wth? we didn't even reach out ATH at the moment and consider on how long we have been on sideways before reaching this level?

Its better not to mind yourself on what would be the peak price even $50k would be still questionable yet the next target would be neither on $25 or 30k but since we do talk about yearend of 2021
then I do still stick with the current market price.

Thing here is that you do know on when to sell specially if you already on profits.

It's just a hype, that happens every time we see the price rising! Now when we are on the move, crazy and very optimistic headlines pop out (when it's dropping it's opposite), and I think it's the clear example of the hype!
I don't know about others, but I sold some at 16k first, I had some sell orders at higher prices, and they got executed too! So what to do now? Is it time for selling or to wait $18k? Honestly I already expected the price to drop, but this is going crazy and like always right before the new year! I am not sure what to do next, will we see $18k or higher, and then drop, will it drop at all? Crazy times for us, as always when price makes this crazy swings!

Much better than those who predict first, nothing to lose for every bitcoin holders if you are aiming to have a much higher profits keeping your coins

inside your safe wallet will generate if this assessment happened, There are lots of potentials since you bring PayPal it's just the start of much wide

adoptions that may happened after this year.

Anything is possible as I am pretty shock also on what is happening right now, the bitcoin price is keep on increasing and there is not  big setback of it's prices and the adopters of bitcoin is keep on increasing also like what happened to Paypal and other popular companies.

If the increase will continue and there will be no big setback of it's prices then I believe that 318k$ is not impossible to obtain. But if it will happen then I am pretty sure that the alt currencies will suffer knowing that the bitcoin dominance will surely to increase as it is already sitting at 65% which is not good already for alt currencies.

We are so bullish about bitcoin but we can only speculate such price and even a professional can’t guarantee that to happen simply because Bitcoin is too volatile and anything can happen. Lower your expectation with Bitcoin so you wont feel disappointment next year, just be prepared so when Bitcoin hits a good price next year you’ll be more happy to experience that and holding is a good thing with Bitcoin.

Assuming for a moment that bitcoin does go stratospheric and hit that almost unimaginable $300k... there would be an inevitable huge pullback. Nothing can rise that far that quickly and then remain there. Slow and steady growth is far more sustainable in the long term.

if Bitcoin has a large demand, Bitcoin from miners will definitely have no meaning in the market,
are you afraid because miners will sell it?
Even though there is pressure if the demand is greater we don't have to worry.

$300k+ is nothing more than pure fake news delusion. Will never happen. EVER. If the bitcoin price does manage a new ATH it will be the result of manipulation and will be fake news sure to be fleeting and will 100% signify the market insanity that will clearly indicate bitcoin is still on its multiyear downtrend toward $1,000 and below. Bitcoin has failed. Bitcoin is a hoax.

15x growth from last ATH? Bitcoin did roughly 15x in 2017 from the previous ATH, but every ATH cycle has been smaller in percentage gains from the last, so I'd say it's a stretch -- and that's putting it mildly.

Not during this rally, I'm afraid. But hey, happy to eat my words. *Waits with ketchup*

I find that prediction to be impossible, a price that high could be possible if we waited for decades and maybe if the dollar went through a period of very high inflation, to me that is not out of the realm of possibility, however when you put such a huge limitation when it comes the time for bitcoin to reach that goal that is what makes it impossible, you need to understand that in order for bitcoin to reach that price people need to be willing to pay that much money for bitcoin and who is going to be crazy enough to pay more than 300k dollars at that time for something that one year before was below 20k dollars?

Based on the prediction from CitiBank Managing Director we're just an year away from the time period stated by him to reach the price of $318000.

From the current price the market needs to grow around $25000 every month.

Do anyone think this is possible with bitcoin. Maybe this can happen for a month or two, but something stable for such a long period isn't possible. Bitcoin isn't same as other low rated cryptocurrencies to be manipulated for reaching big values.

Bitcoin did skyrocketing from 2016 to 2017 from $200-300 to $15k-$20k.

People continuously comparing these situations. Well the current market is not the same like 5 years ago.
Even after i see there's a flashdrop from $18.5k to $17k .. and currently testing the $18.5k resistance, we'll see the price swinging alot from this price range of $17k to $18k. And if there's another flash drop... i think the bull run is in doubt to continue .

The future is impossible to guess. I believe that you just need to diversify your assets and sometimes fix a profit that is pleasant for you. Do not worry about lost profits, as it is impossible to make predictions that are 100 percent successful. Personally, I think it's too late to invest now. Even if bitcoin does x2, it will be insane 34 thousand $ per coin  :o

looks like next week Bitcoin is ready to break $ 19000, and the next target is $ 20000,
if it survives this weekend, I will still hold some Bitcoin,
but for the prediction to $ 318k I really didn't expect that, I just follow the path.

Currently bitcoin is at 18800$ and close to 19k. This has been the best year for bitcoin after the downfall that happened when it reached ATH and crashed it. Could we sustain above 20k or will we see the fall first is the next big question it seems here. Because if we can see above 20k for some days then possibly it may not crash like last time and we may be more on a safer zone and can see rise to continue in future as well.
This is the testing time for many investors as well as some of them will think to sell just in case price starts to fall.

I don't even believe that it could touch $100K even at the end of 2021 so why would I even believe in his prediction?
If you have been in crypto for years you would know that going into that high price is too hard there are some unpredicted moves of the market.
We couldn't expect it to always go up without having a correction.

There are absolute 0 chances that beforie end of 2021 we could see Bitcoin on that price. In my opinion we would not even touch the 100k$ mark by that time but if you ask me until the end of 2025 , I could see Bitcoin being above 200k$. For now , we're watching this crazy rally when no one really predicted...

I won't say that there is 0 chance. I'll give it at least a few decimals of percentage. But it is a fact that no one has seen this rally coming. And for those high predictions, it's hard to believe that it will come to that point with that specific time that they've given. The years of 2021-2025 and so on are going to be hell of a run. I think those are the most exciting years for bitcoin and will determine the worth of the people who have been holding up to those years.

Well he'll just become the next John McAfee he is lucky he did not come out with a bet, if you understand volatility you are not like to say that, the guy is not even sure about his bet, but where did he get that figure maybe it has something to do with his birth date and combination of lucky numbers.

There are tons of speculative figures been trowed around, and i don't consent to them becasue Bitcoin has proved that it's unpredictable in nature, that's why i placed my hope on it demands to have a good price. Although the said figure from OP can't be said not true but time will definitely tell in the future. The demands on Bitcoin will definitely make it price to soar higher than expected in the future.

$318K is too high, it is possible but short term prediction isn't feasible.Bitcoin usually has a record after 3 years but it falls in price after this time. Optimism is good but wait for this cycle for another 3 years(2023).

Same exact topic has been opened twice and I do not really understand why one person claiming this made it so much real for so many people. I get that you want to believe this, I get that there are tons of people who missed out from buying under $10k so they want to believe that if they buy at $18k right now they could still make $300k profit from it if they own 1 bitcoin, and that is a huge increase.

Think about spending just 50 thousand dollars and having over a million dollars thanks to that in a year? That would be like hitting the lottery and that is what people want to believe. You can't explain to them that they are too late to buy, you can't explain to them that they should have bought a year ago, they would not listen to you, they want to hear how much more they could make.

Active players around the market will be the deciding factors if how high bitcoin may go.

The speculative target may be so high though just like how things happened the last time bull, no one expect that it will go that high,
we don't know what will be the next peak as there are many new investors coming from institutional investors who are now willing to
place thier money, it will be a good supply and demand situation.

If the claim is based on the past, regarding the rate of increase in the price of Bitcoin, I'd also say that this is impossible simply because the market price is not consistent. A year won't be enough for its market price to increase that much given that the market is volatile in the first place. Also, I cannot imagine its market value to be more than $100k because that would be too much for a digital currency. Bitcoin is a digital currency and in such means, it would be totally an investment. But still, if there is really a possibility for its price to be this much, nor e likely it will take a longer interval before its market value to be that high.

He's not even sure of his prediction he is putting himself into a laughing stock just like what happen to McAfee, the only difference is he is not popular compare to McAfee, he did not even give data or events that will contribute to why and how will the price go to that level at a specific time, it's like he just tossed a coin and the figure come out, it's ok to be positive but not to the point that it is like unrealistic, Bitcoin at $318 k is possible but not on the date he predicted it. 

Another question that comes to my mind is, does it even matter? What I mean is if bitcoin reaches that kind of price during 2021 I'm still going to hold my coins, and if it doesn't I'm still going to hold my coins as well so it makes no difference, the only ones that care about such a fast growth are the ones that trade the markets, for everyone else it is kind of irrelevant, so while it would be nice to see bitcoin reaching that kind of price it is not going to change my posture at all.

You're an altcoin holder and you're hoping for bitcoin to pump to $50k by next year. Why decide of holding altcoins if you're hoping and you know that bitcoin's gonna reach that price? It is more comfortable and easy for you to hold bitcoin than to hope bitcoin's pump will lead your alts to pump. There's an uncertainty holding alts because some of them might pump but mostly don't even if bitcoin's pumping.

Not seeing that this would be applicable to all since even those hodlers will really most likely to spot out for those top peak prices yet we know that we
do have our own targets and goals on when we should sell.So this is always a personal preference or own terms in regards to their views and making up decisions.
Talking if it does really matter? You cant really say that people wont really make any reactions of it because if we do talk about 318k in a matter of year then
its really impossible and we should consider on how long we've been waiting before the price do able to reach up its ATH? its 3 years and looking into
the price we've been discussing where talking about 6 digits which isnt really realistic.

Threads like this with over over prediction been appearing since BTC is currently going 19k without a sudden drop or correction. The price is too high to believe, we will believe once it happen but for now being able to see it back and staying long with these high amount already is satisfying knowing how much it drops from 2017 ATH as well in the past years that price been rally a roller-coaster ride. Those who wait patiently from 201u are able to gain now even the price is not at what's mentioned.

all obviously will have very different perceptions in determining the best price of bitcoin and this is only natural because everyone has their own analysis and no one prohibits.
for me the current price of bitcoin is very surprising because in recent months the increase and decrease has occurred very quickly and this is not the criterion of bitcoin.

I predict that by the end of this year bitcoin will be in the range of $ 15K- $ 16K only and the current price is likely to drop to reach that price. but a sharp increase will occur in the next year.

Obviously whenever there is a hype around bitcoin there will be ton of threads like this. Funny thing is, whenever bitcoin drops there are threads about bitcoin going to zero as well and usually these are the same type of people as well. They are not exactly the same people but they are same minded that talk with huge hyperbole. Just because bitcoin went up 80% doesn't mean it will go up another 30x, those are HUGE differences.

Also just because it went down 50% doesn't mean it will go down 99.99% neither because that is nearly impossible, technically possible but there are tons of people who would buy before that to keep it above. Remember most of the moves are caused by traders and not investors, we just buy and hold, it is traders and that is just 2-3 million which isn't a big deal.

Believe and yet concedes that he is not sure about his prediction, whatever tools or data he is using to come out with that prediction, I don;t it's realistic, the days it's just to short for Bitcoin to reach that level, it's very similar to what McAfee's prediction no data to come out that can prove that Bitcoin will reach that high at that year.

Just the nature of bitcoin though, there are still many haters of bitcoin here, who shill and create a lot of FUD thread, still remember some of them in 2017.


The latest is the effect of the pandemic, 60% down and yet we rebounded in less than a year. So obviously, bitcoin didn't go to zero, which proved it's detractors and critics wrong again. For average Joe like us, we don't have the power to even put a dent on the price. But we should be very vigilant, but if we wanted to reduce the stress then better just hold for the long haul. Nothing beats a holder in bitcoin as far as making profits, slowly but surely.

I don't really think it will be here this time but I would like to also plea with all the crypto people here. Do not mock these type of predictions because the more there are of these, the better for our future and adoption. These are big companies and important people who come out and say these things, this triggers situations where rich people end up talking about "there is this crypto and it looks very profitable" between each other.

The article is not aimed at you, it is aimed at wall street and that is why it is important. I am 100% sure without a single doubt in my mind that all the wall street workers under 40 wants their companies to deal with crypto as well as stocks but the managers are usually 65+ there so it is getting postponed more and more until it might be too late.

I don't believe the title above is far from being true.

Now that the time we have been waiting for has arrived, therefore the long wait has finally paid off because bitcoin has reached $ 19k, just a little more to reach the new ATH I'm sure in December maybe this can be achieved

The price of bitcoin is now getting madly high. This indicates the real bullrun has come. Let's see the peak how much it will determine.

That is just the way it is, people instead of concentrating in what they have right in front of them decide to look at the potential the movement has and as you say for the most part their predictions never come true, bitcoin is doing well and after an important correction it has recovered somewhat, but we will have to see if it has the strength to break the ATH and if it does there is a lot of potential for an important increase in the price, but I doubt we are going to reach 318k in just one year.

Now my friend has seen that bitcoin has updated its ATH at this time and the possibility of a rise could happen, now it has reached the price of $ 23K and this is beyond anyone's prediction.
whether bitcoin will increase again, yes or no, because currently bitcoin has changed and always makes movements that are very difficult to understand.

Whether the year-end prediction of 2021 will be $ 315K, there is nothing impossible to crypto and is likely to happen. because at this time Bitcoin has taken actions that are beyond anyone's expectations. lasted long enough as it was hard to break $ 20K but after going past it even went up to $ 23K.

Oh well, you're completely wrong now, the price reaches a new all time high @$23,500 and still going strong with no sign of stopping. If you are predicting bitcoin @$50,000 then that is just x2 of the current price (almost). So that is achievable if bitcoin super and mega rally will continue in 2021.

So we might see it around $50,000 or even 6 digits tops, as we all know by now that there are no ceiling when this bull run go on for the next 12 months.

I'm utterly befuddled on such a price of $318.00 USD by the end of 2021 as being possible as the next guy. But I've been often befuddled in the seven

years I've been on here and into Bitcoin/Crypto. 0ct 18th, 2013 I made 1 Bitcoin a day, and at least some time that day, when I looked Bitcoin, was an

impossible $150.00, wow! I found a note, posted inside a cabinet I rarely open, it has a mess of old retro Apple II Computer Manuals and such from

way back. I saw it again, inside the cabinet door, and I had made a tally of my HOLD Hoard at the time. So according to the note of July 26th, 2015 the

price of Bitcoin was $289.25 USD and the price of Litecoin was $4.45 USD. Color me at the present moment where we hit an all-time-high (ATH) according

to www.coinmarketcap.com (http://www.coinmarketcap.com) of $23,629.67 USD and a Litecoin price of $110.00 USD. So hell, what do I know?

I don't 'think' such a price is possible, but if every billionaire on the planet wants Bitcoin as a long-term inflation hedge?

Or instead of using gold or bonds for this purpose? I've no idea, but I guess

It is not as far out of the realm of possibility of these kinds of prices compared to the price of Bitcoin on 1/1/2020 this year of $7,141.18 USD.

Hell, we could also have, the usual 30-35% correction and slap the price down to like $12K again. Which still would beat the stock market in spades.

Again, no clue, but if you have Bitcoin/Crypto it sure is a fun game to watch! :)

Bitcoin: Always The Drama Queen! (tm Bitcoin) :)

Brad

Bitcoin doesn't need any signs for the impossible to happen.
Look it already happened days before the year end. Now go to this thread again and take the mistake that you said :D.

I don't agree too with that price prediction for 2021. Too high for me and I don't see any reasons too that it will happen. I might be wrong though but I will just wait for its movement in 2021. I'd say that this has a 1% chance to happen :).

Yes, I believe that can happen and that is possible, but I am not sure when the bitcoin price can touch that price. The price now is at $22,900, and the bitcoin price needs more time to increase step by step before the price can hit that price. But it is good if that man can have a positive mind about bitcoin by believing bitcoin can touch $318k by December 2021. We already have at least two weeks to see a new year, and in the next year, I am curious about what will happen to bitcoin.

It is possible for Bitcoin to have $315k however, I am not sure that it will touch at the end of the month of 2021. Halving is done and based on the past, after the halving, the corrections enter but I do hope that this one would be different this time. Anyway, though the Bitcoin market is unpredictable I still don't think the price would grow to be that much in that amount of time frame, perhaps it will take roughly a decade. Unless Bitcoin will surge drastically over time starting in the 1st Quarter up to the 4th Quarter of the year 2021.

Even in our current bull run I don't think that the price that you are aiming for December 2021 would even be possible.
There would always be a correction that would stop the price on flying too high and most of the time when we see it happen,
The weak hands couldn't bare it and dump their share so it would create a price drop.
I don't think that we would really see a six digit price for BTC any time soon.

they are looking forward to  seeing price to hit ATH on Dec 2021. the bullrun s gong to continue from the year to  another whole year of upward movements of price. how sweet is that.
this is just a speculation as well but he bet on it.

don't expect too much to  this kind of speculation though, we all have experienced to  people who spread this information. and like they  said if you becomes greedy to wait for $318k to happen so you hold, you might just get burned  when its not bouncing up anymore because bears are back.

too high if the price can go up to $ 300k, even I don't think so, it will be at least $ 30,000 which is good. so now prepare yourself for an even higher price

I'm skeptical for thinking on how on earth we could reach that point since we need more demands and huge marketcap before that thing to happen but 2021 is on next year so provably those figures will not be reached since we have so many difficulties coming up and might the whales will start to sell off on january and I'm expecting that to happen. But if the pump continues maybe the nearest price we can agree to reach here is maybe at $50k.

Price reaching $30K is very reasonable and attainable can even be more that value in 2021 however the price quoted by CitiBank Managing Director that the will reach $318K is not feasible and exaggeration, it is just the usual hype and the reasonable expected prediction was that the price will reach $100K in 2025 link https://primexbt.com/blog/bitcoin-price-prediction-forecast/ the market Cap will continue to increase gradually with inflow of core investors and mass adoption of the coin by big organizations all these are the catalyst that will pump the price to a higher price.

Anything is possible, but it sounds like this Citibank executive is just another wishful thinker and is probably trying to hype up the value of Bitcoin for his own holdings. Just another banker trying to expand their personal wealth by taking interviews and planting favourable stories. It is possible, but even with Bitcoin at its current peak it seems highly unrealistic it would grow to such a level.

This prediction seems not just speculation, Citibank is not a new organization, Citibank is a large institution,
of course this is a fairly accurate prediction, there are many experts who have also speculated about the price of Bitcoin in the next few years,
and $ 300k might come true.

it seems like many people and bitcoin holders have hold until the price of bitcoin reaches $ 300k,
if this happens, then the price of bitcoin will be a new history for the world. Im really can't wait for it!

they didnt bet to swallow their dicks if it don't touch that price. there will be no memes for them when it dont happen.

 the so called experts are just conditioning the minds of holders so they are not going to sell while they are going to dump. the kind of prediction that will let holders forget about the coming dumps and will just keep waiting for 300k while the price is down to 3k again.

I am pretty sure just like how all the other big business calculate the profits is based on other things. I remember winklevoss twins for example calculated bitcoin could be around 400k to 500k because that would be what the gold market cap would entail for each bitcoin price, as in if bitcoin becomes as big as gold in marketcap, that would make each bitcoin worth around 400k to 500k depending on when it happens.

This is why I highly doubt that people actually care about the real numbers, they care about the markets and what we can achieve and how big we can get. Can bitcoin reach to a level of gold? Can bitcoin reach to nasdaq levels? Can bitcoin reach to something else, that is all there is, can bitcoin do this and that. It is not about the price here, it is about the market size for all these big banks and other corporations and investors.

I understand that there are big names (like citibank) who thinks bitcoin will be higher, however unless they get in publicly for tens of billions of dollars (they can afford to lose that much even if bitcoin goes to zero) we are not going to see these numbers. Remember, all the banks in the world have excess money, they usually invest that into something, you think all the money they have in their accounts goes to giving loans to people?

There are not that many people who asks for loans, which means they are not loaning it out to everyone, they use it for investing as well, and do not get me started on insurance companies, they use all those money for straight up buying companies. Which means if they go into bitcoin all together, we are talking about 318k and even more, but if they fail to get involved with bitcoin that much, we are not going to see those kinds of returns.

investment should be safe, I learned today because XRP fell so horribly, I imagine that in bitcoin,
bitcoin has increased more than 200% this year, and there has been no deep correction,
indeed the prediction to $ 300k is not a bad thing, it helps that the market looks calm,
but remember this is a cryptocurrency, anything can happen.

It is not impossible for bitcoin to reach $318K as contained in the article, even many articles that predict
the price of bitcoin to reach hundreds of dollars. But if it counts the years, it  looks like it’s too  soon if it
wants to be achieved by the end of 2021. Maybe that range will take years. Because it’s an immense value.

There is still one more year until it is December 2021 and I do not know what is going to happen anymore. Normally people who say these kinds of huge numbers I end up disagreeing with them, I always say that bitcoin will go up, I am very bullish on bitcoin, but this number is too much.

However this time around I am not as sure as I am with the other times, bitcoin was around 7k by the start of 2020 and it is over 3x right now, meaning if we increase from 24k levels to 3x that would be nowhere nearly the 318k levels. However if we look at the bottom, that was around 3.6k price around march when it crashed and it did around 8x increase from that, and if we do have a 8x increase that would be closer to nearly 200k dollars per bitcoin, that sounds like the biggest possibility right now. I think it is obvious that it will still be not near the 318k price but could be huge nevertheless.

It is not too high if the price of bitcoin can go up a million dollars in 2021 but it is not possible. It is not also possible to achieve $100000 not to talk of bitcoin price achieving $318000. What we should speculate more about now is about 2021 bitcoin price will be that bitcoin can grow up to $50000 or  to $80000 but thinking of more than that is not achievable.

It is not too high if the price of bitcoin can go up a million dollars in 2021 but it is not possible. It is not also possible to achieve $100000 not to talk of bitcoin price achieving $318000. What we should speculate more about now is about 2021 bitcoin price will be that bitcoin can grow up to $50000 or  to $80000 but thinking of more than that is not achievable.

So we are at 24k x 18 mill is a value of 400 billion plus for BTC.


so world investment wealth is around 100trillion this mean btc has 0.4% of the worlds investment wealth.

To make prediction of 318k a coin we move up to a cap of 318k x 18 mill or around six trillion.

That means 6% or 5% of the worlds investment wealth ends up in BTC by Dec 31 2021.

Can it happen yes it can.

Will it happen how do I know? I don’t.

The most encouraging news of 2020 is that Norway my grandma’s birthplace has decided to put Btc in its investment setup for pensions.  Every Norway citizen now has 2 usd worth of btc.

I think it has risen to 2.40 since they did it.

Europe has 450 million people if the Euro union put 20 usd worth of BTC it would be a nine billion investment. Moves like this if done could make BTC huge.

it's true if other countries to to lift the illegal use of bitcoin maybe there be a should market cap of bitcoin, here in my country we have 10million people and only 5% of people are using since they knew and of course our senators are now pushing to make move to let people know about bitcoin also he create coin and give it to the people they can sell or trade as a start. If the world will know what bitcoin really potential is maybe we can hit that kind of price by 5-10 years from now. I have family relatives in norway too and my grand father says his converting his money into bitcoin as his friends and to give it someday and hopefully to me.

*one thing I learned about Bitcoin bull at the moment is that nothing is impossible...
to $ 318k in December 2021 is very possible but what makes me interested and curious about this prediction is 'what will make the price of Bitcoin fly that high'.

Anybody could speculate or project the amounts all they want for 2021. Although it may a little bit possible, I wouldn't count on it. $30k can be a bit highly possible, but $318K is kinda "too much". But I can be wrong too. We don't know what would happen in 2021, but let's just hope that it would make the price go even further and make the market even more matured than ever.

It's not possible for Bitcoin to surge to 318k in a month interval, if that happens then it's a dangerous pump, for a bullish market to be stronger there will be many corrections as the value climbs to a new ATH and it takes time too, let's be more realistic and take profits if there is any, greed is hoping for too much