Bitcoin $318K by December 2021

[carlisle1]

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

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.

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[jemimah_f3]

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/

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?

[Vishnu.Reang]

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/

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?

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.

[Twinkledoe]

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

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.

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.

[nemey]

$ 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.

[Smartprofit]

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

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.

[milani]

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

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.

[ethereumhunter]

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.

[DeathAngel]

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.

[Untomabur]

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.

[yayayo]

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!

[kentrolla]

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.

[budi691]

$ 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?

[KTChampions]

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.

[Wysi]

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.

[Lanatsa]

$ 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?

Expecting Bitcoin price to go to $ 300k in a year to come seems really too over,
I even think it is realistically true as you say, but not $ 100k, but $ 50k,
because $ 50k is still possible for Bitcoin to be achieved.

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.

[iv4n]

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.

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!

[ardentvolcanoes]

That's too much my friend, by the span of only 1 year? that is good to be true maybe double the current price in the market will be possible but about that high, I don't think so. I'm sure most of the users in the community have the same view as mine. The problem with that it is only mere speculation nothing strong evidence which let you think that would really happen after 1 year and a month from now.

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?

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.

[bonjouros]

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.

[samcrypto]

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.