Bitcoin $318K by December 2021

[Cnut237]

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.

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[ningrum]

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.

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.

[proudhon]

$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.

[buwaytress]

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*

[South Park]

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

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?

[Vaskiy]

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.

[EdenHazard]

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 .

[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.

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!

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 

[pucunghul]

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.

[newwest]

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.

[Gotumoot]

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.

[boltz]

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...

[bhadz]

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.

[Quintrix]

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

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.

[XCANA]

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.

[begau]

$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).

[justdimin]

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.

[Pamadar]

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.

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.

[Casdinyard]

$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).

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.

[fortunecrypto]

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

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.