WoW! 3/13/20 BTC Lowest Price: $4,916.78! Now! 3/13/21 $61,450.30! Ack!

[dothebeats]

If this was 2020, I would hesitate to predict more than $30k, though with things panning out the way they are right now, this is an easy $100k 1 year from now. Corrections will happen along the way, but institutions that are largely responsible for this current move in price are still interested than ever on bitcoins, and are still actively buying coins for their pockets with a lot of institutions predicting good fortune up ahead. The overall hype created by the huge companies who started the move from $10k to $20k made a huge impact on the price movement of bitcoin. I remember last year when bitcoin was sitting @ $5k and everyone was calling doom for bitcoin. I never though it'll actually cross $15k for a year given how things are going slow on the world's economy. But look at where we are right now

[BrewMaster]

If this was 2020, I would hesitate to predict more than $30k,

that means you still have to see a couple of similar cycles to finally stop hesitating to see that the intrinsic value of bitcoin is way higher than the prices that we see.
in 2016 people were also hesitant to predict $2000 when price was barely $500.
i'll see you in 2022 discussing whether price is going to $5 mil from the massive dump to $300k or not

[el kaka22]

This is a bit of out of ordinary situation. I have seen bitcoin increase a lot in a year, but this one takes the cake for sure, I do not remember that many times it has increased this much. At least not around these levels for sure, because going from 4 dollars to 61 dollars would have been acceptable move since it wouldn't require much, hell during those periods if someone bought 1 billion dollars worth of bitcoin they could have probably bought half of it (which would ruin it, so I am glad they didn't) and that's why I think it is quite a big achievement and I am not expecting similar stuff again. Can you imagine bitcoin at nearly 900k? That would be required to do the same.

Of course, it is still profitable to have bitcoin, even if we do not have this kind of huge returns, we could break over 100k easily if we keep this bull run going a few more months.

[JimboToronto]

Why so surprised?

Even when the price fell all the way down to $3850 at Bitstamp in March 2020, many of us were still projecting a new ATH (over $20k) near the end of the year, and reaching somewhere in the vicinity of $300k-$350k (or even higher) sometime in late 2021 or early 2022.

The March 2020 flash crash was a black swan event, caused by covid-19, that represented an unprecedented opportunity to buy at an unreasonably low price.

That was what was surprising.

What we see now is just Bitcoin being on schedule (as predicted).