The top 6 bitcoin price predictions for 2021

That the Bitcoin price will reach $100,000 — $200,000 in the next 12 months is a fairly common, if not “conservative,” prediction. But if these are already labeled as conservative, then what price targets are considered more realistic, please?

While one is undoubtedly “in it for the technology,” the most popular and hotly debated topic remains, the price of Bitcoin (BTC) and speculation about its value in the future.

The Bitcoin price is currently in a bull market cycle, up over 200% year-to-date and outperforming pretty much everything else in 2020, except for a few stocks like Tesla. But this rally appears to be different than the one in late 2017. For one thing, the all-time high has definitely been broken, and for another, primarily institutional traders are accumulating, while the public is still largely sitting on the sidelines watching.

Six-figure price forecasts for Bitcoin are becoming more common in this bull cycle, with accelerated monetary expansion by central banks, the main driver for such assumptions.

Indeed, billionaires and veteran investors like Ray Dalio are beginning to warm to the idea of Bitcoin alongside gold. More and more, BTC is being perceived as a way to diversify against what Ray Dalio calls, for example, “the depreciation of money.” On Reddit, the economist warned readers there with the following words:

Why does this play into the hands of the valuation of BTC? Simple, because aside from the fact that Bitcoin was designed to be a deflationary monetary asset in the future, the Bitcoin price is primarily measured in dollars. Ray Dalio puts it as follows:

This tide will most likely not recede, so these assets like Bitcoin will not decline when measured in the declining value of money. It is important to diversify well, in terms of currencies and countries, and asset classes.

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