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Next to the club, Adam Back expects BTC to reach $ 100,000 by the end of the year

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Adam Back expects BTC to reach $ 100,000 by the end of the year. When comparing the primary cryptocurrency with gold, he rated the first of them as a better financial instrument. A similar point of view was shared by Florian Grummes – an analyst of precious metals and BTC.

Way to $ 100,000

In a recent interview with Anthony Pompliano, the CEO of Blockchain’s blockchain technology company, Adam Back, said that BTC’s global adoption had reached a satisfactory level. Based on this, he believes that the primary digital asset will sell for $ 100,000 by the end of 2021.

He also talked about the similarities between virtual currency and gold. He preferred BTC and said that in many ways he surpassed precious metal.

Another similar look at the future appreciation of BTC came from Florian Grummes. In an interview with Kitco News, a financial analyst said the biggest cryptocurrency was on track to reach $ 100,000 in six months.

However, the German warned investors that BTC could fall back to around $ 35,000 before firing again:

“What we have experienced in the last five weeks is a nice and strong reflection, which is typical for cryptocurrencies after the first sale. This is still possible, BTC will turn to 35,000, return to 60,000 and the bull market will continue. I think it will probably reach $ 100,000 in the next six months. “

The popular stock-to-flow model, which has gained many supporters and critics over the years, also sees a similar BTC result by the end of the year. Although more than $ 50,000 away, PlanB has made another promising update. He noted That model still predicts by Christmas $ 100,000 per coin and added over the next few months will be key.

Adam Back and the Stock-to-Flow model expect Bitcoin to reach $ 100,000 by the end of the year
source: Twitter

Who else is in the club 100,000?

Many prominent investors also predict that the price of BTC will soon reach $ 100,000. Jordan Belfort – The Wolf of Wall Street – is one of them. As early as 2018, he warned investors that “BTC would disappear,” but in March this year he changed his mind about “BTC for $ 100,000.”

Peter Schiff – one of the biggest critics – also believes that primary cryptocurrency could reach such a price level. Although the economist maintained his negative stance on the issue, he admitted that not buying BTC in 2011, when he first heard about it, was a “big mistake”:

“I could be one of the BTC billionaires now because I knew about BTC from the beginning. If I could go back in time, that’s one of the things I would do. “

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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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