Crypto Analyst Says Bitcoin (BTC) Price Could Hit $100,000 During Next Bull Run

[BitcoinFX]

Crypto Analyst Says Bitcoin (BTC) Price Could Hit $100,000 During Next Bull Run ...
- https://cointelegraph.com/news/crypto-analyst-says-bitcoin-price-could-hit-100-000-during-next-bull-run

... Which would be nice for those who can/could afford to HODL ...

The proudhon song (bitcoin is a bubble) - "$100,000 reprise" - SWIM
- https://youtu.be/A7TuFy0fcuw

[Pursuer]

if we are talking about the same roller coaster pattern then the ATH that we are predicting is the top of a bubble just like the previous 5-7 bubbles that we already had. and in none of them we could predict how high it will go because it is uncharted territory and it lacks resistances while has a big inflow of money from FOMOing investors.
with that said, $100k in my opinion is a good guess and I have made the same guess myself too but it can be anywhere from $50k to $500k really. the $500k is because each time there is a bigger bubble because of a bigger demand increase and more hype compared to previous times.

[gentlemand]

Never in my life did I expect a 20 grand peak last time.

100 grand is now seemingly the most commonly quoted figure across this forum which is pretty bonkers when you think about it.

That says to me it'll either far exceed that or never get anywhere near it. BTC favours the battiest or most brutal option.

[BrewMaster]

100 grand is now seemingly the most commonly quoted figure across this forum which is pretty bonkers when you think about it.

it is not that big a number if you think about it in comparison to number of people who want to have a share in it. we only have 17.7 million of it in circulation and the world population is 7.7 billion. even if only 1% of the world bought bitcoin that is 77 million investors each only getting 0.22BTC with current supply!

i'd say even with 1% adoption $100k price is still too low.

[Kriptonian1661]

If we get hired i promise that it is doable ! Because the user count is not that far away from that number being possible

[UnDerDoG81]

That means if you hodl 10 bitcoins you will be a millionaire! Congratulations to every one who holds 10 BTC.

[WinslowIII]

100 grand is now seemingly the most commonly quoted figure across this forum which is pretty bonkers when you think about it.

it is not that big a number if you think about it in comparison to number of people who want to have a share in it. we only have 17.7 million of it in circulation and the world population is 7.7 billion. even if only 1% of the world bought bitcoin that is 77 million investors each only getting 0.22BTC with current supply!

i'd say even with 1% adoption $100k price is still too low.

While the official number for market cap purposes is 17.7 million, the actual number of tradeable coins is way lower, I'd estimate around half of that. There are many lost coins and many coins held by whales that simple wil never be offered for fiat.
The figure you use that really pops out to me as innacurate is the 0.22 btc for 1% of the world "investors". You must assume all btc are evenly held, which is entirely unrealistic. Can you really imagine Tim Draper selling all but 0.22 of his 10s of thousands of btc just to be fair and share the wealth? The real value is a tiny fraction of 0.22.

I really don't see bitcoin peaking at $100k at the end of 2021 then crashing for the following year, similar to the last couple 4 year patterns. I think this move we are seeing now is a clean break from past patterns, so what we will see next is unprecidented. I also think that 5x last ath is ridiculously low when the last couple aths were like 20x+ previous aths. Because of the previously mentioned break from past patterns this could happen though, with a stable $100kish price going forward rather than a huge crash following the run to 6 figures.
If the coming 4 year cycle pattern repeats, I would expect nothing short of $250k for a peak followed by a year long crash.

[gentlemand]

it is not that big a number if you think about it in comparison to number of people who want to have a share in it. we only have 17.7 million of it in circulation and the world population is 7.7 billion. even if only 1% of the world bought bitcoin that is 77 million investors each only getting 0.22BTC with current supply!

i'd say even with 1% adoption $100k price is still too low.

Not the figure itself, the confidence that it's all but in the bag this time around already.

I'm sure if it stays alive and steadily appeals that price will arrive some day. I'm far less sure it's within a year or two. Like I said my prediction is either flabbergastingly above it or disappointingly below for the next bull cycle.

[shield132]

How can these people say such things easily without valid arguments? There is almost zero argument given in that article, it's not so easy to move from 10K to 100K, it's absolutely different from moving 10$ to 100$, numbers are higher, so our wished result is harder to achieve. But in that article I agree with Trace Mayer, bitcoin may hit 21K by the end of this year and I can say why: 1. We recovered from 3K price and now we are on 11K. This positive waves of feelings leads bitcoin to reach 20K this fall or possibly in summer but after reaching 20K, positive feelings doesn't continue so long and then we may see fall again or stable 15-20K price, maybe even stable 20-25K price. Then a little bit fall and after that guess what? Upcoming halving which has far more positive impact on price like it was previosly, price went from 600$ to 20K soon after halving.

[figmentofmyass]

Never in my life did I expect a 20 grand peak last time.

100 grand is now seemingly the most commonly quoted figure across this forum which is pretty bonkers when you think about it.

That says to me it'll either far exceed that or never get anywhere near it. BTC favours the battiest or most brutal option.

i'm going with "far exceed". topping at $100k means the next bubble would be completely dwarfed by 2017. that's possible, but it's the opposite dynamic from what i'm expecting.

it's becoming increasingly difficult to write bitcoin off, whether we're talking about retail investors, institutions, governments. mass adoption is around the corner and more to the point, wealthy investors are going to buy up all the coins before it even happens. i don't think these bubble cycles are going to keep on the same trend forever. it's becoming too obvious. rich people are gonna front run mainstream adoption. $100k is nothing in that context.

[Whaleagent]

Crypto analysts have been saying that for years, they have been saying 10k as well, 50k, etc etc. Of course some of them will be right, the bottom line is that it is impossible to predict Bitcoin's price in 1 year, even a few months is quite ridiculous. You can only 'predict' it in a few hours, days perhaps which is what technical analysis is used for.

[exstasie]

I hope everyone keeps targeting $100K. I think it'll end up just like $10K in 2017. When the time comes, we'll blow right through it without hesitation and all the people selling there will be forced to buy back higher.

Classic bubble behavior.

[BitHodler]

Upcoming halving which has far more positive impact on price like it was previosly, price went from 600$ to 20K soon after halving.

More demand for Bitcoin combined with 50% less coin inflation is the perfect type of fuel for a powerful bull run, and the best thing is that we go through block halvings every 4 years with each halving resulting in more spot scarcity.

It feels quite dumb to sell anything right now knowing how far the block halving is away still, but on the other hand it's hard for most people to resist the temptation of cashing out profits with how the price has gone up.

The funny thing is that while Bitcoin was hovering below the $4000 mark, not many paid attention to the block halving, while you could easily look up the charts and get in low and prepare for the run that tends to start around a year prior to the event.

[WinslowIII]

I hope everyone keeps targeting $100K. I think it'll end up just like $10K in 2017. When the time comes, we'll blow right through it without hesitation and all the people selling there will be forced to buy back higher.

Classic bubble behavior.

And the people selling at $100k to $200k will all end up wishing they had held. What people keep forgetting was why bitcoin was created in the first place - the fiat monetary system is balancing on the edge and going to collapse. Exactly when is not sure, but it will collapse.
Bitcoin is literally a hail mary pass.

[thecodebear]

Yeah $100k has long been my target for this bull market. I think it'll break $100k, probably then shoot up to like $120k from the euphoria of breaking 100k, then start the next crash.

[el kaka22]

What do they mean by the "next bull run", I mean we are already in one right now, and if they are thinking this is it that we will hit 100k that might be too far ahead of us right now, we are not there yet, however if the price moves on this run like to 40 thousand and drops to 20 thousand or whatever on the NEXT one whenever that is we may actually hit 100 thousand dollars and even though I love the fact that bitcoin is decentralized and not run by someone or some place at that price I may have to ask for something to be done about the satoshi deal, even 1 satoshi would be really high at that point and maybe we should try to make it either 10 or 12 digits after the zero.

That would allow us to change many things and would need to be adjusted by every place but in the end it would help the poor to get in easier.

[arpon11]

Crypto Analyst Says Bitcoin (BTC) Price Could Hit $100,000 During Next Bull Run ...
- https://cointelegraph.com/news/crypto-analyst-says-bitcoin-price-could-hit-100-000-during-next-bull-run

... Which would be nice for those who can/could afford to HODL ...

The proudhon song (bitcoin is a bubble) - "$100,000 reprise" - SWIM
- https://youtu.be/A7TuFy0fcuw

I always like this type of predictions because this crypto currency market is a speculative market and it performs well when we have many positive speculations. Bitcoin getting to $100,000 may not be possible during the next bull run but that do not mean a day is not coming when it will get to that. I have serious faith on Bitcoin and a day will come that we would look at the current price as a beginning of the pricing. Bitcoin started from a very humble beginnings and we can all see were it is today and also were it is going.

[leowonderful]

$100K is completely possible in my eyes, though obviously we aren't going straight up to it, and keep in mind there will be numerous shakeouts for overleveraged margin longs along the way. It's always difficult to predict tops and bottoms for crypto, though, and I doubt it'll be any easier this time to predict when this bullish trend stops and the next macro bearish trend starts. Exciting times are ahead, whatever happens.

[Lucius]

Nothing new in crypto world, some so-called analyst is saying that in next bull run bitcoin price can reach between $60k - $100k, but there is no time frame for that. So if this happens one day he will be good analyst, and if this not happens for 5 or 10 years, he can only say it will happen in the future.

These paid articles are only PR for certain people or their companies (and this is no exception), so they should be understood as such, not as investment advice. I also believe that one day bitcoin price will be at least $100k, but this is just my opinion based on history and potential behind this technology.

[romero121]

Nothing new in crypto world, some so-called analyst is saying that in next bull run bitcoin price can reach between $60k - $100k, but there is no time frame for that. So if this happens one day he will be good analyst, and if this not happens for 5 or 10 years, he can only say it will happen in the future.

These paid articles are only PR for certain people or their companies (and this is no exception), so they should be understood as such, not as investment advice. I also believe that one day bitcoin price will be at least $100k, but this is just my opinion based on history and potential behind this technology.

That's the reality, with time target it isn't possible to predict the growth of bitcoin. Everytime the growth acquired is in an unexpected time period. There is nothing as analyst with bitcoin as it is all about coincidence. With world market there are experts who predict the next move in reference to the policies government implement as well based on the economic situation prevailing around.

As one of the user added in his quote, taking the users and the circulation volume into consideration $100k is possible, because even with one in hundred usage we've reached a peak value of more than $20000. When the entire population or one quarter of the population begin using bitcoin we can surely reach a much bigger price.