Price Predictions For Bitcoin in 2021: All You Need to Know

Bitcoin sees a surge in value ($28,000) before 2020 ended. And as of this writing, it is now treading the $29,000 mark, and by the looks of it, it is well on its way to hit $30,000! No doubt, the figures are looking well for Bitcoin, but will it be able to sustain its momentum for the rest of 2021?

Most fintech experts and leaders agree that Bitcoin will keep rising in value in 2021. In a poll by finder.com, respondents predict that the crypto would go as high as $51,951 this year. Mike Novogratz, investor and Galaxy Digital founder also predicted that Bitcoin could reach $65,000 in value by 2021.

These predictions more or less see Bitcoin double in value within 2021. However, some fintech industry leaders take it up a notch and predict bigger numbers. Bloomberg analyst, Mike McGlone, predicts that Bitcoin could reach $170,000 by 2022. Citibank analyst, Tom Fitzpatrick on the other hand, sees the crypto trading at $318,000 by the end of 2021.

Despite varying figures, one thing is certain—Bitcoin’s value will still go higher in 2021. However, fintech experts and analysts always remind investors that the crypto is still highly volatile, and the value could crash significantly any time soon. Fitzpatrick, for one, admits that Bitcoin is still bound for a painful correction, and when that happens, the value could significantly go down. Some investors still caution that all of these may just be a fad, but these people have been saying the same thing for almost a decade now.

However, for 2021, Bitcoin is entering a bullish projection. Digital leaders and fintech luminaries agree that the crypto will still go higher and has not yet reached its peak. It’s entering the new year with $30,000 in value, and it shows no signs of going down either.