Will Bitcoin be Trade at $318,000 by End of 2021?

[exstasie]

$318k no way. Maybe it could peak at that on the following market cycle, in like 2026 or something.

No, i dont think that it can reach up that high even if we do say for a decade or more because if we do consider that price per bitcoin then imagine on what would be the entire cap would be?

Why does market cap matter?

We are living through the greatest asset bubble in history. Don't make the mistake of assuming that for BTC to increase in value, that the value has to come from somewhere else (gold, stocks, the derivative market, real estate, and so on). That model obviously doesn't account for QE infinity and ongoing fiscal stimulus. It also doesn't account for fundamental supply and demand imbalances caused by extreme scarcity and greed, which can bring Bitcoin prices exponentially higher than those one might consider "rational."

As a contrarian trader, I'm really glad you guys (and apparently most people around here) can't even imagine $300K in the near term. That gives me a lot of hope that we're going at least that high in the next cycle.

Virtually everyone assumes every successive Bitcoin bull market must be smaller than the last. I believe there is a decent chance there will be a future Bitcoin bull market that far surpasses previous ones. That is what will happen if Bitcoin adoption follows an S-curve, and that's what mass adoption may look like.

[Oceat]

I can't find how the market would pump that much within a year so basically if you look at the chart you can tell how odd the graph is knowing from $18k today to $318k next year. Somebody is sleeping too much while waking up they still can't stop dreaming of what if the price hit it that way. I expect a great bearish next year if you would ask me since after the sudden blows of price rising, the correction will start to follow then.

[yohananaomi]

is it possible that will happen? Of course that's a question that will be done to anyone. There are many versions of the answer that will happen and everyone will be happy if there is an increase in the price of bitcoin. but are we realistic enough to be able to set such a high price. It is also the opposite of what you are saying.

If we look back from the first and second halving, it can be seen that the% difference in price from the first to the second is quite high. is that the reason for such high prices? I myself see from the Halving prediction it is also quite fantastic if it is true.

[carlisle1]

is it possible that will happen? Of course that's a question that will be done to anyone. There are many versions of the answer that will happen and everyone will be happy if there is an increase in the price of bitcoin. but are we realistic enough to be able to set such a high price. It is also the opposite of what you are saying.

Actually it is not about the value that needs to tackle here because in future Bitcoin will reach that value but the problem is When will this be happening ,2021 is just a year from now and having hindrances Bitcoin is taking slow to reach the top.
it has been trading for $18,000 and almost 19k but still dropping again and again.

If we look back from the first and second halving, it can be seen that the% difference in price from the first to the second is quite high. is that the reason for such high prices? I myself see from the Halving prediction it is also quite fantastic if it is true.

Those past 2 halving brings almost double from the recent meaning what we are waiting now is at least $40-50,000 grow for Bitcoin.

But since the pandemic strikes the growth is paused but now seems like trying to Get up for accomplishing the target price for this 2020 halving.

[michellee]

I can't find how the market would pump that much within a year so basically if you look at the chart you can tell how odd the graph is knowing from $18k today to $318k next year. Somebody is sleeping too much while waking up they still can't stop dreaming of what if the price hit it that way. I expect a great bearish next year if you would ask me since after the sudden blows of price rising, the correction will start to follow then.

We don't know what will happen in the future, making people make many speculations about the bitcoin price, and I guess that it is normal to see people say that. Many people dream of seeing bitcoin price can touch $318k in the next year, but it will need more supports for bitcoin price to increase to that price.

The bearish will always come anytime, and we should be ready for that moment, and we can try to buy more bitcoin if we want. This moment will be a great time for many people because finally, the bitcoin price can reach it this year. So the chance for bitcoin price to go and break $20k will be wide open in the future.

[jrrsparkles]

In 2016,no one expected that bitcoin will reach $20K at the end of 2017 so we can't really predict anything about the future and highly unlikely to be when it comes to cryptocurrencies.

[plr]

Keep in mind, CitiFXTechnicals is a paid market insight product. This was a private report intended for institutional clients, and the report was leaked. It wasn't meant to be a public prediction a la John McAfee or Tom Lee.

They are paying for something that is speculative,

Although he concedes that his prediction might seem improbable,

does this mean that they are paying for something that has no guaranty, if you are paying for study or insight you will not accept a report like this that is speculative and do not have a guaranty.

[bitgolden]

When you are promoting something new to your customers you will want to have it look like it is going to be something awesome.

If this is a leaked prediction it means they were just saying this to their customers and when you are talking to your customer about something that is $10-20k range, would you tell them it will be increasing 10% and they should be happy about it? By that logic investors would stay with the index funds and not risk anything and they would make something similar anyway.

So, for you to sell something this risky, you need to provide them with something worthy as a reward as well, when you say $318k that means you are telling them to get involved with something risky but also the reward would be huge as well if they end up being lucky.

[pucunghul]

$ 318k is a difficult level, especially discussed now,
it's better to discuss about Bitcoin price whether it can reach $ 20k or drop below $ 16k, and that's better.