What are the highs (or lows) Bitcoin could reach by the end of the year? Watch the latest Cointelegraph video to find out!

Moderate

PlanB’s Stock-to-Flow (S2F) model is one of the most well-known price predictors in the bitcoin world. It predicts the long-term trend of the bitcoin price by weighing two key factors: the amount of BTC available (inventory) and the number of newly mined coins entering the market (flow).

So far, the model has proven amazingly accurate. Bitcoin closed 26% above its predicted model price and remains on course to reach its year-end target of $288,000. Bitcoin is currently trading at $56,000 and is expected to have gained more than 400% by December.

Anthony Pompliano of Morgan Creek Digital and Dan Morehead of Pantera Capital didn’t set their goal at $200,000 in 2021, but that doesn’t mean they’re bearish. Both think bitcoin will end the year above $100,000, double the current price.

In a recent interview with Cointelegraph, Pomp noted:

If suddenly only 8 million bitcoins appear and all the demand runs out, you get a pretty aggressive price jump.

Skeptics

Where there are bulls, there are bears. Peter Schiff is one of the most outspoken critics of bitcoin in the crypto space. He believes bitcoin is an inflated bubble that will eventually lead most investors to financial ruin. According to him, it is only a matter of time before everything will collapse to zero.

In an interview, Schiff said:

The fact that the price has gone up is irrelevant. […] At some point, the supply of fools will be exhausted, and the biggest fool will be the purse-snatcher.

Keep an eye on the price

Who would have thought that a day would come when bitcoin price predictions of $100,000 or even $200,000 would be considered moderate? Well, today could finally be the day. According to unconfirmed reports, Citibank has set an even higher price target for 2021.

And that’s just in the short term. The rise in the price of bitcoin comes with long-term predictions. Frank Holmes of US Global Investors and Scott Minerd of Guggenheim Investments think half a million dollars is within reach in the next few years.

But there’s one price prediction that trumps them all. Michael Saylor, CEO of Microstrategy, predicts that bitcoin will suck up monetary energy and drive it to an unthinkable price point:

In theory, all monetary energy simply looking for a value index/safe haven should probably move from real estate, cash, stocks and bonds to the Bitcoin network.

Watch the video above to see our analysis of bitcoins short and long-term price targets. If you enjoyed this content, please subscribe to Cointelegraph’s YouTube channel!

frequently asked questions

What will the price of bitcoin be in 2021?

This illustration photo from 4. January 2021 shows visualizations of the digital cryptocurrency Bitcoin in Katwijk, the Netherlands. GUANGZHOU, China – Bitcoin could eventually reach $1 million and become a reserve currency for the world, an asset manager said.

What will bitcoin be worth in 2022?

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How much will bitcoin be worth in 2023?

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