Bitcoin to $100k in 2021

[sunsilk]

Thank you for that summary.

This isn't different from those analysis that say that bitcoin is likely to reach $100,000. Many are calling that price for 2021, personally I believe that 2021 is going to be a better year than we have this year.

But I'm still half-hearted for $100,000 although I want that price to see.

Same here, if we are going to give a good estimates, probably double the last all time high of $20k, we can simply deduce around $40k, but that is the top.

So I don't know if we can really reach $100k in 2021, of course, it is possible, but I will be leaning towards a prediction that is doable so that we won't be expecting too much on the possible bull run price next year.

Unless there will be more companies like Grayscale putting their reserves to bitcoin, or institutional and wall street billionaires by the hundreds suddenly investing a percentage of their wealth to bitcoin as a hedge to the current economic pressures or more willing to diversify their portfolio.

Possible is there but we can't have that confidence like what we're thinking about the possibility that we'll get to see $20k again. The confidence for those prices are different but they're the same high price than what we have.

There's a sudden move to bitcoin's price and there goes PayPal. With the assumption of other institutional companies getting in for bitcoin, there's likely a chance to see news that are related to it.

PayPal: PayPal will now let all users in the US buy and sell cryptocurrencies

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[adaseb]

Thank you for that summary.

This isn't different from those analysis that say that bitcoin is likely to reach $100,000. Many are calling that price for 2021, personally I believe that 2021 is going to be a better year than we have this year.

But I'm still half-hearted for $100,000 although I want that price to see.

Same here, if we are going to give a good estimates, probably double the last all time high of $20k, we can simply deduce around $40k, but that is the top.

So I don't know if we can really reach $100k in 2021, of course, it is possible, but I will be leaning towards a prediction that is doable so that we won't be expecting too much on the possible bull run price next year.

Unless there will be more companies like Grayscale putting their reserves to bitcoin, or institutional and wall street billionaires by the hundreds suddenly investing a percentage of their wealth to bitcoin as a hedge to the current economic pressures or more willing to diversify their portfolio.

Possible is there but we can't have that confidence like what we're thinking about the possibility that we'll get to see $20k again. The confidence for those prices are different but they're the same high price than what we have.

There's a sudden move to bitcoin's price and there goes PayPal. With the assumption of other institutional companies getting in for bitcoin, there's likely a chance to see news that are related to it.

PayPal: PayPal will now let all users in the US buy and sell cryptocurrencies

The timing for this is surprising because weren't they suppose to let all US customers sometime in 2021 be able to purchase Bitcoin? Its been like a couple of weeks and they enabled it for everybody. And for most people they upped the limit to $20K per account, it was lower before.

Maybe it was on purpose because they figure that if they enable BTC purchases during a sideways or bear market then nobody will buy. Similar to what happened with Bakkt, they were released when there was no hype and pretty much 0 volume for Bakkt. Now that BTC is all over the news and on Fast Money and trending everywhere, they figured they better enable it now for most users and reap the benefits of the huge fees they charge. Something like 2% to buy and another 2% to sell. So with enough volume they can have a great Q4 revenue quarter.

[$crypto$]

Maybe 2 or 4 more years.

It is true that the price is having a great movement this last quarter of the year but that doesn't mean it would continue to increase at the same pace for the next few years. It would go up, it would go down, it would go up, there will be a correction, and so on. We don't know what will also happen in the future that might affect the price.

I am not really sure about that short period of time even though the continuous increase they are only thinking about now and how the correction that occurs the bear market will definitely come because this often happened before when the market was in a bull run, but indeed in the last quarter there has been a better improvement. and more like 2017 hope it happens again I didn't expect it so high, just touching 20k again it is amazing that bitcoin can make up the numbers again.

[el kaka22]

Maybe 2 or 4 more years.

It is true that the price is having a great movement this last quarter of the year but that doesn't mean it would continue to increase at the same pace for the next few years. It would go up, it would go down, it would go up, there will be a correction, and so on. We don't know what will also happen in the future that might affect the price.

It doesn't mean that it will continue this way, but it also doesn't mean that it won't continue this way, either options could happen. I say there is as much chance of bitcoin going to 100k in 2021 as there is a chance it won't, they are 50-50% possibility in my mind, we don't know what will happen.

If I had to really make a case for why it could be 100k (which shouldn't be too hard) it would be companies getting involved could make bitcoin go higher and higher.

These are places that gets involved with hundreds of millions of dollars when they do and when you get that much money (assume one billion per month) you are increasing the price of bitcoin non-stop, and they will not suddenly stop and say "let's wait for it to go down" they are doing this 10+ year long term, so they could get in anywhere they want.

[Chrystora123]

the most effective way to be free from stress is not to get your hopes up "LOL".  I always welcome the new year with an optimistic attitude but Bitcoin up to $ 100k is something I don't really dream about in 2021.  I really believe Bitcoin will break $ 50k (ATH) in 2021 but coming back this is just my guess because Bitcoin up to $ 100k in 2021 is (maybe) to happen..

[mahilchii]

Is it possible? to me it's impossible. But guys please don't come up with a sentence saying that anything is possible in crypto and don't try to become John McAfee. Let the prediction be a genuine and honest one, let it break the 20k barrier then we can think about 100k or let's have this topic in decade hopefully the price may go up that time.

[sunsilk]

Possible is there but we can't have that confidence like what we're thinking about the possibility that we'll get to see $20k again. The confidence for those prices are different but they're the same high price than what we have.

There's a sudden move to bitcoin's price and there goes PayPal. With the assumption of other institutional companies getting in for bitcoin, there's likely a chance to see news that are related to it.

PayPal: PayPal will now let all users in the US buy and sell cryptocurrencies

The timing for this is surprising because weren't they suppose to let all US customers sometime in 2021 be able to purchase Bitcoin? Its been like a couple of weeks and they enabled it for everybody. And for most people they upped the limit to $20K per account, it was lower before.

Maybe it was on purpose because they figure that if they enable BTC purchases during a sideways or bear market then nobody will buy. Similar to what happened with Bakkt, they were released when there was no hype and pretty much 0 volume for Bakkt. Now that BTC is all over the news and on Fast Money and trending everywhere, they figured they better enable it now for most users and reap the benefits of the huge fees they charge. Something like 2% to buy and another 2% to sell. So with enough volume they can have a great Q4 revenue quarter.

It was a surprise to see that news because that's also what I knew. They should allow the feature by a couple of months from now but it happened earlier than expected.

PayPal just made it timely and the decision that they did was quick. Maybe they have figured out that they need to do it earlier than the timeframe that was already broadcasted.

[hahay]

Something very unlikely and I am not interested in content like something that is just an imaginary, because even the price increases that occur will not be as fast as imagined. If from now on blindly the price increases, it is possible to reach $100k in 2021 but what's happening so far? Is it possible for bitcoin price not to have negative sentiment in the market, and will the increase continue so smoothly that there is no correction? Such factors will inevitably occur in the market despite the positive trend going on, so it is highly unlikely that $100k will be reached in such a short time but if you say the previous ATH will definitely be surpassed, then the content is probably more sensible.

[EdenHazard]

Either way, not insisting, I think it's likely, and near certainty in 2-3 years.  That's about it.  At 1% on the John McAfee spectrum.  Actually seems in-line with a fair portion of the bitcoin community on this. Maybe outside bitcointalk, haven't been here in a while.

Thank you for your prediction. We have less than 2 months to see the new year, and I am curious about what will happen to bitcoin next year. If the price really touches $100k in the next year, many people who hold bitcoin will become a millionaire because they will sell at the highest price. But bitcoin price has a difficult time to increase now after touching $15k, and the price now is not moving to a higher price.

But if the adoption process can start in the next year, perhaps, that can lift the price to start rallies and break every high price barrier. And in that year, we might see bitcoin price will make a new ATH. But we never know if bitcoin really head to $100k in 2021, and we can only wait for that time.

A lot of people who holding bitcoin right now will stop holding even when it's reached 200% from $15k to $30k .

They would think it's enough, and i do believe there only few people who stand till the end if the price really touches $100k.
It's just the same thing when people sees bitcoin at $500 back in 2016 2017 , those who holding $500 to $10k ... i bet very few. They lured to sell it off once they sees the profit is more than enough at $1500 which it's 300%.
So yeah hard to believe there would be a lot of people being loyal waiting and hodling till that price from now.

[ACryptoEconomy]

Hi;

I created a new channel recently and wanted to share my 6th produced video exploring us reaching $100k in 2021, which is almost a certainty within the next 2-3 years.

I have doubt when people put the word certainty in their post about the price of Bitcoin, because realistically you cannot accurately predict the price of Bitcoin in any situation and at any time, that's just impossible, there are those who predicted close to it but it never happens all the time, I'm definite you are just making a hype I also will do that if I want to make a profit.

No offense, but if you are going to represent what people say, please do it accurately.  'near certainty' is not the same as 'certainty'.  Don't cherry pick a word and misrepresent someone's statements. Qualifier words are important.  In the video I linked, and yes I linked a video of mine I worked hard on, am okay with that - specifically mention I wouldn't say anything with 100% certainty, and you can't time the market.

The remainder, appreciate the varied discussion.  Here is the source for the primary model.  If you haven't explored his work - https://100trillionusd.github.io/

Cheers  

[Rahar02]

I created a new channel recently and wanted to share my 6th produced video exploring us reaching $100k in 2021, which is almost a certainty within the next 2-3 years.

A good insight into what may happen in the bitcoin market within 2-3 years, appreciate it.
it would be better if you can share more like your video summary for people who don't want to watch the full video.

$100k in July 2021 seems too confident due to some reasons as we know how bitcoin has been volatile for many years, as traders will sell out whenever bitcoin reaches a higher price point, the possibilities change depending on how much the price would drop at the time bitcoin reaches the $20k and $30k mark. Imagine if institutional-investors planning to sell bitcoin at $30k, the price may crash to below $10k if the market following the fud. in this case, the best price we can expect in 2021 probably $50k, for the next step, how about $17k in two days?

[STT]

Is it possible? to me it's impossible.

No it is possible, Im one of the more bearish speculators here and there's always plenty reasons for us to pull back quite harshly, with volatility, upsets, bad news and a price full of air from weak buyers not users but even with all that BTC can get up to 100k in the longer term view.    Volatility often is labelled as negative and representing selling but its also likely an aid to BTC usage across the world as Dollar is on plan to become increasingly unstable and unable to provide the assurance as a global reserve currency it has done for decades.  If you arrive at the tail end of a move that takes decades then its reasonable to expect events to occur that would appear impossible normally and the events leading upto macro economic outcomes now started in the 1970's and before.   I can post up a video of General Charles de Gaulle complaining about the rampant failure in the dollar standard with the French nation refusing to accept anything but gold in trade rather then dollar and to this day France retains substantial capital reserves in this form; that was long before I was born and yet here we are still and thats why I argue this move that will occur is like a tsunami in natural scale.
   Its not that its impossible but it is incredible and requires a full understanding to the whole span of the story to get why its occuring, I mention this because there does seem to be a definite link between BTC and the start of QE programs and the likely failure projected by some at that time.   Also the final point is the Dollar of 2020 isnt the same Dollar of 2008 and when BTC makes 100k dollars it will have declined further; I disagree this occurs in 12 months though.

[dunfida]

Maybe 2 or 4 more years.

It is true that the price is having a great movement this last quarter of the year but that doesn't mean it would continue to increase at the same pace for the next few years. It would go up, it would go down, it would go up, there will be a correction, and so on. We don't know what will also happen in the future that might affect the price.

I am not really sure about that short period of time even though the continuous increase they are only thinking about now and how the correction that occurs the bear market will definitely come because this often happened before when the market was in a bull run, but indeed in the last quarter there has been a better improvement. and more like 2017 hope it happens again I didn't expect it so high, just touching 20k again it is amazing that bitcoin can make up the numbers again.

All the peoples are waiting for the huge hype in crypto market, so current traffic is really good to trade for all the investors. Every year peoples are waiting for the 2017 market, But current growing is totally varied on previous moment. So we are actively monitor the market. Almost we are ready to see the end of the year result because every year November and December we are see some pump and dump so few peoples are expecting the $100k in upcoming, I hope it will be possible on 2025.

Even on 2025 presumption of 100k price then its hard to believe for us to reach that level even talking with 50k price then its already hard level to reach.Im a bitcoin supporter
but analysis or presumptions like this with the price is nearly impossible to reach.We might be seeing 20k soon but doesnt mean that we will shoot up 30k so fast and reaching to 100k in no time.
Its not bad to have positive sentiments but people should really think off carefully and clearly on what are the main catalyst that would really be needed before
reaching out this price.Full adoption scale is mainly needed.

[ACryptoEconomy]

I created a new channel recently and wanted to share my 6th produced video exploring us reaching $100k in 2021, which is almost a certainty within the next 2-3 years.

A good insight into what may happen in the bitcoin market within 2-3 years, appreciate it.
it would be better if you can share more like your video summary for people who don't want to watch the full video.

$100k in July 2021 seems too confident due to some reasons as we know how bitcoin has been volatile for many years, as traders will sell out whenever bitcoin reaches a higher price point, the possibilities change depending on how much the price would drop at the time bitcoin reaches the $20k and $30k mark. Imagine if institutional-investors planning to sell bitcoin at $30k, the price may crash to below $10k if the market following the fud. in this case, the best price we can expect in 2021 probably $50k, for the next step, how about $17k in two days?

Appreciate the feedback, new to this so still finding the sweet spot.  Most of my videos so far have probably been too long .  Trying to deliver quality but that probably actually means shorter and more concise.  

Thanks.

It would be a lot of fun to create a livestream to discuss price action and news.  An active discussion would be cool. What do you think?

[bitbunnny]

We see that every time when Bitcoin price is rising people come with exaggerated predictions for the future. I don't know what is the meaning of it but 100k in 2021 is not realistic.
I don't expect that price will be on the growing path all the time without corrections and that market will experience only positive trends.

[ACryptoEconomy]

Okay it does seem most aren't watching the video   Here are cliff notes:

• Thesis - $100k likely in 2021, almost certain next 2-3 years.
• From early on it's been clear adoption and purposefully designed price appreciation will be binary.
• I was expecting $10k by 2017 in 2013, we touched twice that.
• The failure possibility gets closer to 0 over time.
• Macro events taking place faster than some, and I, expected.  Adoption as a reserve asset, positive narrative amongst hedge fund managers and retail-facing investment houses as a store of wealth, consumer adoption (Paypal), public-facing treasuries etc.
• Logarithmic time-series model from 2013 still significant - https://pbs.twimg.com/media/D_Jdc0EU4AAQO0g.jpg
• PlanB's S2F and S2FX proving accurate - https://100trillionusd.github.io/

That's it.  Either way, it's an exciting time, while also not exciting that fiat systems are suffering and sinking citizens accordingly.  Hence my attempts at motivating those who aren't already in the ecosystem, to get out of the fiat one.  I might make extraordinary claims, if so, they're genuine beliefs I hold according to sufficient evidence to make claim of a possibility.  I wouldn't say anything I don't actually believe.

[maydna]

~snip~

A lot of people who holding bitcoin right now will stop holding even when it's reached 200% from $15k to $30k .

They would think it's enough, and i do believe there only few people who stand till the end if the price really touches $100k.
It's just the same thing when people sees bitcoin at $500 back in 2016 2017 , those who holding $500 to $10k ... i bet very few. They lured to sell it off once they sees the profit is more than enough at $1500 which it's 300%.
So yeah hard to believe there would be a lot of people being loyal waiting and hodling till that price from now.

Perhaps people who don't hold bitcoin in a large amount will still hold their bitcoin, but for people who hold a large amount of bitcoin, they can sell in a large amount of bitcoin, and they will wait for the correct time that will happen after the price reach the peak price.

Although I don't have much bitcoin, I will still hold my bitcoin and wait for the price touches $100k to make me get a bigger profit. But I will also sell my bitcoin when the price can touch more than $20k because that is the last time I sold my bitcoin at the highest price a few years ago.

In 2016-2017, people didn't imagine if bitcoin can touch $10k, and once the price reaches that price, they sell in a rush and quit from the crypto market for a while until all of the coin prices is drops significantly.

So right now, I think people will still waiting until the price can be more than $20k, perhaps less than $30k to sell their bitcoin because they want to make a big profit after waiting for a long time ago.

[ACryptoEconomy]

Given the perspective and goals some here seem to have, I can understand the profit-taking. Have a sound profit-taking plan and stick to it.

If your idea of taking profit allows for selling then trying to re-buy later at a higher price, that's not a profit-taking plan and you need to re-adjust.

HODL what you can.  It's still the same binary outcome.  Either Bitcoin succeeds and we get to millions per coin in the long-term, or it fails and goes to 0.  There's no in-between.  That's more clear now than it was back then.

[Janation]

~

It doesn't mean that it will continue this way, but it also doesn't mean that it won't continue this way, either options could happen. I say there is as much chance of bitcoin going to 100k in 2021 as there is a chance it won't, they are 50-50% possibility in my mind, we don't know what will happen.

If I had to really make a case for why it could be 100k (which shouldn't be too hard) it would be companies getting involved could make bitcoin go higher and higher.

These are places that gets involved with hundreds of millions of dollars when they do and when you get that much money (assume one billion per month) you are increasing the price of bitcoin non-stop, and they will not suddenly stop and say "let's wait for it to go down" they are doing this 10+ year long term, so they could get in anywhere they want.

I like that perspective.

We may never know what will happen but if that is the case, where these corporations or people are involved, we could be there in no time. Although we never know if that is actually what they are thinking. There are a lot of them that don't want to be part of this community; a scam, a bubble that would pop in the near future usually is their idea about it. Maybe something is changed these past years.

[shoreno]

I always welcome the new year with an optimistic attitude 

same here because everytime a new year has started , my energy levels for btc and other cryptos are also getting higher  . we wont feel this when we dont know the history of them . cryptos really starts good when the year is still fresh but eventually unexpected things happen like they can get a decline in thier value , stuffs like that .

but Bitcoin up to $ 100k is something I don't really dream about in 2021.  I really believe Bitcoin will break $ 50k (ATH) in 2021

you dont believe that 100k value for btc can happen but you believed that 50k can happen . theres no big difference to that because 50k is just half of 100k and 50k amount is still huge in which i dont think itl happen in just 1 year