Bitcoin will experience an increase by more than 250% in the present bullish phase, trader Peter Brandt foresees. He equated the current situation with what occurred in 2017, when the rate of the cryptocurrency first rose to $20 thousand. In the words of Brandt, the market is currently in a breather before the closing stage of the expansion begins. If the analyst’s projection turns out to be true, the coin quotations will surpass $200 thousand.
Mike McGlone, a prominent market strategist at Bloomberg, also talked about the potential multiple growth of the Bitcoin rate from current levels. He hinted that if occurrences on the crypto market play out according to a comparable scenario, as in 2013 and 2017, the value of the leading digital coin could get to $400 thousand by the end of 2021.
One of the boldest forecasts for BTC expansion in recent years was given by the Boss of MicroStrategy Michael Sailor. According to his predictions, in the future, the Bitcoin may be worth $5 million, and its overall capitalization amount to $100 trillion. The CEO of the Nasdaq listed company projected that digital money would out better FAANG, and the stocks of tech giants like Apple, Facebook, Google, and Amazon.
Meanwhile, Jesse Powell, who is the head of the Kraken crypto exchange, is convinced that in the coming 10 years the worth of Bitcoin may soar to $1 million. Powell even considered that in the future people may be calculating all prices in Bitcoins, instead of dollars.
