BTC will reach $ 90,000 in 2021
Konstantin Anisimov, executive director of CEX.IO, believes that the price of bitcoin can reach $ 90,000 in 2021
This year has been a revolutionary year for bitcoin. At the beginning of 2020, the coin was trading at $ 7.2 thousand, and by February it was already worth $ 10,000. Then there was a drop to $ 4000.
With the active spread of the pandemic and the popularization of digital payments, Bitcoin began to move to new highs. For the first time since 2017, the cryptocurrency exceeded $ 20,000, and before the holidays, its price rose to $ 25,000.
Many institutional investors have come to the crypto sphere. Including MicroStrategy, Ruffler and MassMutual. And this is just the beginning. Support for virtual currencies was added by the PayPal platform, which also increased the demand for BTC.
The shortage of cryptocurrency will force the price to continue moving forward in 2021. According to Anisimov, Bitcoin will truly flourish in the coming year. Its price can reach $ 50,000 by the end of the first quarter. In the first half of the year, the cost will rise to 80,000, and then the price will increase above $ 90,000.
Anisimov based his forecast on the logical-graphic model of the movement of the commodity flow. This S2F model is surprisingly accurate when it comes to predicting Bitcoin growth.