Bitcoin Price will Rise to $60,000 by December 2021

[Phoenix_PROG]

Whatever bitcoin will be worth in the future isn't something to be worried about right now, let's keep waiting for opportunities to earn more while bitcoin is going up or even when it's down, it's why I don't care much about long term holding because opportunities in crypto space comes at any time, even in the bear markets, learn to take advantage of any market situations

[RealMalatesta]

I hope so but that looks like a pipe dream when you look at it from here. Don't get me wrong, it is only a 3x increase and if you ask me making a 3x increase in a year is as simple as it gets, usually that is what happens as well, but this time around we still haven't had that "fall" we famously get whenever bitcoin price increases so much, I still believe we are going to be at least 2x or 3x of what the price will be after the fall.

So, let's say we dropped to 15k? We are going to be something between $30k-45k by the end and not 60k, this is still an awesome increase, I just believe we are not going to be THAT huge thats all. In any way, I believe we are at a level where bitcoin is doing great, and we should not argue about "how high will it get", even though it is a great topic . Because, fighting against each other distracts us from actually working higher.

[Smartvirus]

I'm not surprised to have traders and bitcoin enthusiast speculate this way about bitcoin price without obvious reasons in this bullrun. It lives us to only focus on the possibility of only a buy scenario without any heavy correction or should i say, a bearrun, lol. By the way, is there any such thing as a bearrun?
the $60,000 speculation seems to me like a too high target. Mind you, all time highs as we are still waiting to see the closure of this bullrun are major resistant zones and they often serve for a longer period so, lets not be too excited about the bullrun and run our analysis based on definite market determinants to get a proper picture of the market.

[Wysi]

I'm not surprised to have traders and bitcoin enthusiast speculate this way about bitcoin price without obvious reasons in this bullrun. It lives us to only focus on the possibility of only a buy scenario without any heavy correction or should i say, a bearrun, lol. By the way, is there any such thing as a bearrun?
the $60,000 speculation seems to me like a too high target. Mind you, all time highs as we are still waiting to see the closure of this bullrun are major resistant zones and they often serve for a longer period so, lets not be too excited about the bullrun and run our analysis based on definite market determinants to get a proper picture of the market.

I know as even I feel the same because nowadays people are predicting any random figure without any backing or logic. I think it's not appropriate to predict the price for end of next year wherein we are yet to see what's gonna happen till the end of this year. Propel have just two concept in there mind as follows:

1. If there is a pump then people will predict random but high figure stating Bitcoin will cross that mark.

2. If there is a dump then they will say Bitcoin is bubble, other coins will replace bitcoin, end of bitcoin.

Let's not just write anything for the sake of completing post count.

[Lanatsa]

I do believe that the Bitcoin price will rise very faster in the year 2021 because Satoshi Nakamoto is going to buy more Bitcoin to push the price up. He has got plenty of money to play the  Bitcoin game to take the  Bitcoin in its next stage.

Then where he do get his funds on buy more Bitcoin? Is it on selling out his Bitcoin stash for him to do so? Its pure nonsense. 

Also, Satoshi wont be coming out just because of that sole reason.For sure he had been observing his creation upto these years that's if he's still alive but a bit sure that he is.

Adoption is all we need to reach up those new heights.Always take up some consideration on how long we've been waiting for bitcoin price to break its previous ATH
and now we did it but asking for 60k usd in next year is somewhat on the unrealistic side.

[JimboToronto]

$60k? That's ridiculously low.

It's might crash down to $60k after reaching $300k-$400k at the peak.

Look at what it did in 2010, 2011, twice in 2013 and again in 2017.

Increasing 20-fold in price and then crashing to about a sixth of that is a well-established pattern.

This rally has barely begun.

[Kopetunto]

$ 30k, $ 60k, and $ 350k here are the predictions of future bitcoin predictions,
for $ 30k it could happen, don't worry, but to say $ 60k will be hit by the end of 2021 that's not a good thing,
this will make fomo, and me will feel sorry if someone buys bitcoin at a high price.

[JimboToronto]

$ 30k, $ 60k, and $ 350k here are the predictions of future bitcoin predictions,
for $ 30k it could happen, don't worry, but to say $ 60k will be hit by the end of 2021 that's not a good thing,
this will make fomo, and me will feel sorry if someone buys bitcoin at a high price.

Don't worry about people who buy at the top.

All they have to do is wait a mere 4 years for the next halving.

Those who paid almost a dollar in 2010, $30 in 2011, $266 in early 2013, $1100 in late 2013 and $19666 in 2017, are all doing just fine now.

Those who pay $300k next year will be fine later in this decade.

[hahay]

I'm not sure it will happen because even though at the moment the price is continuing to strengthen but I'm still not sure if it will last until the end of next year because at least there will be a period of dumping. This market is very volatile if you realize it but I think the price might be reached sooner, at least for a new ATH it might be hit or maybe higher because the bull run is very fast but not sure this strengthening will last all year.

[Fortify]

It seems to me that the higher Bitcoin rises, towards some of these ridiculous prices thrown around in these forums ($100k, $250k, $1 million), the less desirable it might actually become as a practical method of payment. After it stops being used in small scale or regular payments, it stops being a useful currency in some ways. At that point, you have to wonder if it will keep the liquidity and retain its gold-like commodity status - will it just be used as a store of value for the super rich to move money without difficulty across borders?

[Wingsbtc]

Bitcoin rising to 60,000$ by December is complete prediction, I hope people won't make decisions on this, as good as bitcoin there will be more Volatility in near future, I believe that Bitcoin can still find its way down to 6000$ again, what should be our priority is taking chances whenever a new opportunity arises

[thecodebear]

If the next multi-year peak is December 2021 then $60k is way too low. I'd expect more like twice that amount. $60k won't be nearly high enough to get a blow-off top resulting in a long bear market. Maybe it is $60k in a year, but if that is the case then the bull market is just going to continue into 2022. No way it stops at $60k as a long term peak.

I think it's more likely we get $60k by end of the summer, and then it crosses $100k late in the year, and above $100k we get a blow-off top (no idea how much above $100k it would go for the peak).

Either that or the retail market that has now mostly been well aware of Bitcoin since 2017, is too afraid to jump in because they think "it always crashes" so there is no retail frenzy resulting in absurd parabolic blow-off top and year-plus long bear market, but instead Bitcoin just keeps grinding up with a combo of early institutional investors and smart retail buyers as well as current market participates continuing to participate more. If that's the case then we might just see a multi-year grind upwards continue, with some months-long corrections here and there, and some sideways periods, but overall up without any major 2014/2015 or 2018 style bear market. In such a scenario, maybe it does go to $60k in 2021, then over $100k 2022, then $150k-$200k 2023, etc with plenty of ups and downs in there obviously.

My own experience has been that after 2017 when wide portions of the public heard of bitcoin for the first time, and the ensuing crash, it is hard to get people interesting in buying. Even techie people, or people with money, or even techie people with money. I hear such things like "it always crashes", "sell it before it crashes again", or even "I'll buy when if it crashes again" which I even heard at the bottom of the bear market in 2019 after it had fully crashed haha. This is a combo of people who did buy in the 2017 frenzy but now because of 2018 think it just always crashes, or people who've never owned bitcoin but are well paid techie people who you'd expect to be into it. Perhaps things will chance, but I see a herd-frenzy like in previous market cycles being a harder sell now than before people had heard about Bitcoin. This makes me think this slow years long grind up, rather than one parabolic year followed by a crash year, is more likely at this stage in Bitcoin's life.

[Bitstar_coin]

After seeing the stunt btc pulled from 3,500k to ATH of 24k i don't say it is impossible, btc is very capable of reaching something close even if not 60k as predicted by the op, this recent turn of event should tell us something, btc is the most sort out coin on the planet, big companies are getting into the game recently, it won't be that hard to see higher price.

[SquallLeonhart]

Everyone makes up a number, I understand that there is no punishment or mockery and that is why this is so available, plus we give some attention to it as well, everyone writes pages for these kinds of talks which is why it gets so famous as well.

I can't understand why it is like this exactly, I would love to have some sort of change and I would like to see people who just makes up numbers willy nilly whenever they want to get some sort of setback because of their lack of data, made up, not correct predictions, yet nothing happens to them which is why speculation without any backing is done so much, I hope it will end one day. In any case I would like to say we have zero clue what the price will be in December 2021, it could be 6k or it could be 60k or it could be 600k, we wouldn't know any of them, so do not listen to people that speaks in absolutes.

[Ludmilla_rose1995]

Predictions that don't make sense. Don't expect too far to hit $ 60K. Currently, the price of bitcoin is very high, the price chart will bounce down if the price continues to rise.

[bassbity]

Go ahead if you have a bitcoin price speculation of up to $ 100,000, if possible you can possibly present it with a strong and credible reference. don't just hallucinate this and that. because this is a forum. so there are things we can discuss.

oh yes, I think you are right to make the thread, because your thread is on the speculation forum

So in essence, please speculate if possible with references.

[bekti3]

whatever you say can be true, because it does not rule out. considering the dwindling supply of bitcoin this makes bitcoin even rarer. You deserve to have that speculation. Meanwhile it is still predictable, because this year's ATH alone no one expected to have come this far. but we also need to look back at future market demand conditions.

[Slow death]

I do believe that the Bitcoin price will rise very faster in the year 2021 because Satoshi Nakamoto is going to buy more Bitcoin to push the price up. He has got plenty of money to play the  Bitcoin game to take the  Bitcoin in its next stage.

you need to understand how people think. At this time the price of bitcoin is increasing a lot because many people are thinking in the following way:

"I have to buy a lot of bitcoins because next year when everyone is using the new paypal feature that allows people to use bitcoin the price will increase a lot"

and when there are many people buying a lot with this objective, of course the price will increase a lot. satoshi has nothing to do with price increases

[Nazmul012]

It isn't about what you thought about bitcoin.come to the logic.its true that nowadays btc become so demandful, big companies are buying it for take advantages.that's why btc continue raising and so far to hit $30k. If this hype continue then btc may hit not more than $40k but the possibility is, it could drop anytime without any indication.$60k is very long journey for it.so be careful if anyone want to buy it for long hold

[JahriMeayer]

One year is very long time to say something about bitcoin cause anything can possible until the next December is come.but in my opinion, the journey to $60k, isn't seem possible at this moment cause a dip drop is going to take place soon and can't say surely how long bitcoin will take time to recover its price after the upcoming crush occurred cause after the dip drop in 2017, btc has taken 3years to come back.so its hard to predicted