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Many analysts think that BTC could reach a six-digit value by the end of 2021

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Not so long ago, Tom Lee from Fundstrat predicted a BTC price of at least $ 100,000 by the end of this year. Now it seems that several other analysts agree, and believe that achieving a six-digit value of the primary digital currency in the next four months does not sound so impossible.

Will BTC reach six-digit value by the end of the year?

According to a recent interview, Meltem Demirors – Chief Strategic Director of CoinShares Investment Fund – noted the recent ups and downs of BTC, saying the biggest cryptocurrency could potentially reach a new high when citizens are ready to greet 2022, adding:

“Its is back. Many investors see this as positive news and a positive catalyst, because it clears up a lot of confusion or some uncertainty, and it also turns out that crypto-community is no longer an esoteric financial corner. “

Mike McGlone, an analyst at Bloomberg Intelligence, also commented on the topic, saying:

“There is still plenty of room to get to the old maximum. BTC appears to have built a base of around $ 30,000, and we see performance parallels with 2019 that could get the cryptocurrency back on track to $ 100,000. ”

During his recent discussion, Tom Lee mentioned above said that if BTC got above the average price in the last 200 days, then it was time to buy.

“Once BTC gets above 200D, we think there will be strong growth.”

BTC has grown in recent days, despite talking about infrastructure bill that focused, among other things, on full control of cryptoinvestors and those involved in transactions. Under normal circumstances, such a maneuver would probably cause the world’s digital currency number 1 to take a few steps back, but the news with BTC does not seem to have moved.

Emilie Choi – President and Chief Operating Officer of Coinbase Global Inc. – believes that the new tactics of taxation and regulation that Congress is seeking to implement could potentially be good for BTC:

“It is very positive. It is no longer a marginal thing. The cryptocurrency sector has entered the mainstream here. ”

Kristin Smith of the Blockchain Association says she was very surprised to see BTC grow during negotiations on the infrastructure law. She commented on this development in words:

“I do not understand. I thought prices would fall due to bad news. People in Washington now see the power of the crypto-community. ”

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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