74% of South Korean bankers predict BTC at $90,000 by the end of 2021
Representatives of the largest banks in South Korea are convinced that Bitcoin will break the $90,000 mark this year.
A poll of 35 South Korean bankers showed that 74.3% of them are confident in the stable growth of Bitcoin throughout 2021 and reaching new peaks closer to December. Among the participants were representatives of commercial banks: KEB Hana, Nonghyup, Kookmin, Woori, and Shinhan.
At the same time, a quarter of the respondents think differently, saying that the maximum cost of Bitcoin should not exceed $36,000. 77% of respondents emphasised that in the foreseeable future, a digital asset can replace gold. But when it came to replacing the dollar, 18 people agreed with the potential replacement of fiat with cryptocurrencies, and 17 strongly disagreed with such a “future”.
When it came to record values, 57% agreed with the $90,000 price tag in the next five years. Seven respondents reported a price tag of $180,000 in 5 years. The five bankers were even more optimistic than their peers, announcing the $448,000 level. But two of them believe in perhaps the steepest prediction heard by interviewers - $896,000 per Bitcoin by 2026. Even McAfee and Musk would envy such optimism!
However, it was not without remarks about the main cryptocurrency. The main one, of course, was the volatility of digital assets. Many respondents assured that sooner or later the central banks will have to enlist the support of the state and introduce the strictest checks inside the still emerging crypto market. At the same time, almost all bank representatives agreed that the digital currency business will expand in the future, offering customers a wider range of services.