6-Figure Bitcoin Price Predictions Updated
Total cryptocurrency market volume has surged a trillion-dollar again as Bitcoin retrieved $40K and some of the alts, such as Polkadot (DOT), made vast 24-hour gains.
This has led to the new six-figure price predictions for Bitcoin price with some suggestions from 100K to $300K for BTC.
Bitcoin $250K or $1,000,000?
Some well-known investors and analysts came back to the price prediction games naming new and higher numbers. It's worth mentioning that back in 2013 Cameron Winklevoss, crypto investor and сo-founder of Gemini crypto exchange predicted Bitcoin price to hit $40K. His statement successfully came true when BTC reached $42 earlier in January, setting a new All-Time high.
Josh Rager tweeted recently that Bitcoin will add a zero to its price by early 2022:
“I knew six-figure Bitcoin was eventually coming but thought it would be next cycle high
After the recent price action, hitting $40k this quickly, I have to say that I think Bitcoin sees a six-figure price by early 2022
And that $BTC will continue to catch fire across the globe”
He added that Bitcoin will be talked about on every smartphone, TV, and tablet all around the world.
“This could certainly be the cycle that leads to Bitcoin becoming a household name along with serious adoption from those who once mocked peer-to-peer digital money.”
‘TraderKoz’ also suggests that the current market cycle is leading the Bitcoin price to $250K-$350K.
“From there, we have 3 years of accumulation in the $60-90k range before Bitcoin takes over the entire financial system. That bull run will take us to over $1,000,000,”
The Institutional Impact
Michael Saylor, founder of the investment company MicroStrategy is actively tweeting about the most advanced digital currency:
"Bitcoin is a feat of monetary engineering, and more closely described by the math, science, & technique of aerospace engineering than the models of financial or software engineering."
By the way, MicroStrategy`s total Bitcoin holdings are estimated as 0.335% of all ever existing BTC, which is 70,470 Bitcoins worth $1.125 billion.
In addition, Bybit, the aggregated derivative exchange data provider recently reported that Bitcoin institutional inflows are continuing to grow, and then added that another well-known investment firm Grayscale may open a new round.
Grayscale yesterday tweeted a report about the assets under management (AUM) figure of $27.7 billion. In the company's latest fourth-quarter report we can see a record investor demand with around $3.3 billion in inflows.
"4Q REPORT: Last year’s investment into the Grayscale family of products surpassed $5.7 billion, more than four times the $1.2 billion cumulative inflow into our products from 2013-2019. Read more. https://t.co/T4sMVQhcDe pic.twitter.com/yuh5qj0GyT"
Another twin brother Tyler Winklevoss also believes soon Bitcoin is going to reach Gold market capitalization, hitting the price of $500K. If according to Winklevoss Bitcoin is a new gold disrupter, it could also become a currency disrupter. We have already witnessed one brother`s prediction becoming reality, there is no doubt we will see many more.