Bitcoin Is Likely to Hit $100,000 by End of 2021 Says Anthony Pompliano

[Wind_FURY]

OP, in my opinion, it's not as "bold" as it sounds anymore. 6 digits is just a question of "when?", not "why, how, or will it?" anymore.

it's still mostly just fringe dwellers like us who believe that. fortunately, mainstream average joes are still skeptical as hell about bitcoin. even regular bitcoiners in the wall observer thread are skeptical of $100k.

Then the "average joe" will learn the hard way, and the "fringe dwellers" will grow in number like it did when Bitcoin reached its last ATH.

Shower thought. Did the Lightning developers make the millisat in anticipation of a 6 digit Bitcoin?

[bitbunnny]

Another exaggerated prediction made without solid analysis or with data that are just wrong estimated.
Anyway, I still think that Bitcoin users are too much obsessed with all kind of predictions and they pay too much attention on different so called experts instead of focusing on the market and they own experiences and estimations, too much focused on future and not enough on present time.

[Shinpako09]

Sounds great but it's just another speculation from a person. Everyone can do it and make the same speculation. Even with depth analysis, we can't say it's a guaranteed. All we can do is wait for it and watch what's going on in the market. Also, prediction like this often comes out especially if the market is doing good.

[figmentofmyass]

OP, in my opinion, it's not as "bold" as it sounds anymore. 6 digits is just a question of "when?", not "why, how, or will it?" anymore.

it's still mostly just fringe dwellers like us who believe that. fortunately, mainstream average joes are still skeptical as hell about bitcoin. even regular bitcoiners in the wall observer thread are skeptical of $100k.

Then the "average joe" will learn the hard way, and the "fringe dwellers" will grow in number like it did when Bitcoin reached its last ATH.

exactly. that means we have lots and lots more upside. imagine when that switch gets flipped and average joes everywhere are finally buying in. bitcoin has tapped a limited niche among retail and institutional investors, cypherpunks, geeks. but we're heading towards that point where we will cross the chasm and go beyond early adopters. that's when things could go into hyper drive.

[serjent05]

I do not think Anthony Pompliano will hit the mark twice.  $100,000 BY 2021?  Kinda exaggerated for me.  No matter how skillful or talented we are at reading charts, I do not think that a person can tell a certain market price of Bitcoin in a specific date or time.  There is no basis on his price prediction why Bitcoin will go up this high. Anyway, as much as I disagree, I hope his speculation will come true.

[klaaas]

For now ill place him in the mcafee corner. Never say never but this is a bit of a far reach. We all can make a prediction on the halving and how it could play out.

[Wind_FURY]

OP, in my opinion, it's not as "bold" as it sounds anymore. 6 digits is just a question of "when?", not "why, how, or will it?" anymore.

it's still mostly just fringe dwellers like us who believe that. fortunately, mainstream average joes are still skeptical as hell about bitcoin. even regular bitcoiners in the wall observer thread are skeptical of $100k.

Then the "average joe" will learn the hard way, and the "fringe dwellers" will grow in number like it did when Bitcoin reached its last ATH.

exactly. that means we have lots and lots more upside. imagine when that switch gets flipped and average joes everywhere are finally buying in. bitcoin has tapped a limited niche among retail and institutional investors, cypherpunks, geeks. but we're heading towards that point where we will cross the chasm and go beyond early adopters. that's when things could go into hyper drive.

I believe it's being crossed now. I read a study, from someone's blog, about millenials' preference towards investing in Bitcoin more than traditional investments.

Some of the might come here, and it's very important that we give them the correct information. Not the misinformation from franky1.

[beerlover]

I would like to point out that there have been people laughing at Tom Lee for saying bitcoin will be 15k in 2019 and we have crossed 13.8k once, so it is quite possible to reach 15k now and we look so close and nobody doubts we will pass that before 2020. Back when the price was 3.4 to 4.2k and Tom Lee went up and said it will be 15k and he believes it, everyone was like "thats more than x3 increase, get real" and nobody believed him but he turned out to be pretty right (even though we are not at exactly 15k, we are close).

So, to think that bitcoin will never reach 100k is just pure moronic, of course it will reach 100k, we may not know if it will be by the end of 2021 but it will definitely be close to it, who can argue that bitcoin CAN'T reach 100k by that time, I mean you could say its inprobable but you can't say its impossible.

[cocoadreamboy]

If bitcoin hit $100,000 in 2021 there would have to be $90 million of new longterm investment into bitcoin every day.

$100,000 x 900 (new bitcoin created/day) = $90 million/day

Personally I think that is hopeful dreaming at best.

If you want to see cash flow data such as this check out my site:

https://www.amsinger.org

Much Love!

Aaron

[Theb]

I have read his article and all I can see is that its more of a pump-up speech/article to motivate his current investors and attract potential ones to Morgan Creek Digital. He really didn't dive in too much on why he has predicted that Bitcoin will go up to 100,000$ by 2021 with how the article was made he had set up a lot of warnings on how his prediction isn't 100$ accurate which he can use later after his price prediction fails in the future. So I wouldn't be surprised if one day he will just say that "like I said before I am not 100% sure it will go up" or something similar to that. For newbies reading this it's never right to based your trades to predictions of someone who is popular as they are never 100% guaranteed to happen.

[cocoadreamboy]

I have read his article and all I can see is that its more of a pump-up speech/article to motivate his current investors and attract potential ones to Morgan Creek Digital. He really didn't dive in too much on why he has predicted that Bitcoin will go up to 100,000$ by 2021 with how the article was made he had set up a lot of warnings on how his prediction isn't 100$ accurate which he can use later after his price prediction fails in the future. So I wouldn't be surprised if one day he will just say that "like I said before I am not 100% sure it will go up" or something similar to that. For newbies reading this it's never right to based your trades to predictions of someone who is popular as they are never 100% guaranteed to happen.

True dat

[1Referee]

If bitcoin hit $100,000 in 2021 there would have to be $90 million of new longterm investment into bitcoin every day.

$100,000 x 900 (new bitcoin created/day) = $90 million/day

Personally I think that is hopeful dreaming at best.

Miners never sell their coins immediately, especially because of how that would harm their own operation. Miners are hoarders, just check their mining addresses. If they are selling their coins, there is a queue of institutions and other players looking to buy up these virgin coins through private deals.

With more Bitcoin backed products and more institutional demand, there will be a massive shortage of spot supply. CME CEO even said that there aren't enough coins in circulation to please future buyers. They fill up that gap by offering cash settled products so that the lack of supply isn't going to affect their institutional traders.

[serjent05]

If bitcoin hit $100,000 in 2021 there would have to be $90 million of new longterm investment into bitcoin every day.

$100,000 x 900 (new bitcoin created/day) = $90 million/day

Personally I think that is hopeful dreaming at best.

If you want to see cash flow data such as this check out my site:

https://www.amsinger.org

Much Love!

Aaron

Never disregard those who will sell Bitcoin or play the market such as these whales manipulators.  There is always a challenge everytime Bitcoin goes up.  Those who wanted to cash out their profit, and those who intentionally crash the market for their own benefit.  Remember the 25k BTC sales that make the price of BTC to go down more than $1k in just some hours?  The probem with this prediction is that they only focus on the positive aspect and disregard the possible hiccups and hurdles to hit another ATH.  Thus, reading this article without prior facts and reasons why Bitcoin will be $100,000, is kinda a wishful thinking for me.

[Dreamchaser21]

For now ill place him in the mcafee corner. Never say never but this is a bit of a far reach. We all can make a prediction on the halving and how it could play out.

That’s why i always make my own prediction, which is more realistic and no one will judge me. Another guy who made a huge prediction, let’s hope that those predictions made by big celebrities will happen this is for the benefit of whole market.

[ene1980]

That’s why i always make my own prediction, which is more realistic and no one will judge me. Another guy who made a huge prediction, let’s hope that those predictions made by big celebrities will happen this is for the benefit of whole market.

There is nothing wrong in making a wild prediction and keeping with yourself  Everyone can make their prediction and later say to the world that they predicted the price earlier and there is no doubt that the price of bitcoin will reach those valuation in the future, but getting to those valuation in the next rally is a huge task and as Wind_FURY pointed out it is a matter of when we reach those valuation and it is hard to pin point when we will reach those dream valuations. Realistically i do not expect the price to reach $100000 during this rally.

[fabiorem]

I believe the price can reach 100k earlier than that, in 2020, and before the halving.

The price can reach the previous ATH before December. Yes, it can go that fast, if we have a real bull run like the one from 2016-2017. Price is coming up earlier because of adoption, the market had matured and bitcoin dont have too much influence from the altcoin market now. ICOs are a thing from the past, few people trust those scammers now.

For six digits in 2020, we need the price to go to 20k before December. This could bring the price to 250k by the end of 2021.

The only thing that turns me sad about all of these movements, is that bitcoin will remain only as a store of value, and we will not be able to use it as a currency. I will have to convert to fiat currency, and my country is very primitive in dealing with profit, here to have profit and prosper is looked at as close to a criminal activity.

[BrewMaster]

I believe the price can reach 100k earlier than that, in 2020, and before the halving.

people who are guessing high prices but in a date after 2020 halving are guessing it based on previous  two performances that we had at the similar time after the halvings. each time starting with a huge drop that reverses upwards and has a big rise before the halving but doesn't reach the previous ATH and then rise to set a new ATH in the following year.

so if that is to be repeated $100k in 2021 seems legit.
but i also think as we move forward these cycles will become shorter and happen faster as the adoption speed is not a lot faster than before.

[hatshepsut93]

so if that is to be repeated $100k in 2021 seems legit.
but i also think as we move forward these cycles will become shorter and happen faster as the adoption speed is not a lot faster than before.

It's most likely that the previous cycle patterns won't hold true for long, maybe this run will have the same pattern, but after that things will start to change. Shorter cycles is one such scenario, but there are many others - we can have long bear trend when we'll have bearish cycles instead of the bullish ones - this can be caused by lack of real world adoption, we can have longer and weaker bullish cycles caused by maturity, bigger volumes and less Bitcoins being produced.

[exstasie]

It's most likely that the previous cycle patterns won't hold true for long, maybe this run will have the same pattern, but after that things will start to change. Shorter cycles is one such scenario, but there are many others - we can have long bear trend when we'll have bearish cycles instead of the bullish ones

Yes, we could enter a bearish super cycle and the pattern will end.

Another possibility is the periodic bull/bear cycles (2011, 2013, 2017) end and we enter a phase of exponential adoption. This could be visualized as the vertical leg of an S-curve, as seen with other major technologies like telephones, televisions, internet.

[cocoadreamboy]

If bitcoin hit $100,000 in 2021 there would have to be $90 million of new longterm investment into bitcoin every day.

$100,000 x 900 (new bitcoin created/day) = $90 million/day

Personally I think that is hopeful dreaming at best.

If you want to see cash flow data such as this check out my site:

https://www.amsinger.org

Much Love!

Aaron

Never disregard those who will sell Bitcoin or play the market such as these whales manipulators.  There is always a challenge everytime Bitcoin goes up.  Those who wanted to cash out their profit, and those who intentionally crash the market for their own benefit.  Remember the 25k BTC sales that make the price of BTC to go down more than $1k in just some hours?  The probem with this prediction is that they only focus on the positive aspect and disregard the possible hiccups and hurdles to hit another ATH.  Thus, reading this article without prior facts and reasons why Bitcoin will be $100,000, is kinda a wishful thinking for me.

Very true, many talking heads say insane numbers simply to get clicks or eyeballs, without knowing anything about the subject.