Home Cryptocurrency PlanB predicts: Bitcoin price to at least $135,000 in 2021

PlanB predicts: Bitcoin price to at least $135,000 in 2021

by Gordon James

The price of bitcoin has been a roller coaster ride for those of us who purchased it back in 2014 when a single bitcoin was worth less than $600. If you bought in at that price, you’ve made a killing. If you bought in at $800 or $900, you might be equally happy. The last five years have been pretty incredible for bitcoin, with one year raising the value by over $1,000. (And that’s just to get you to $1,000.)

Blockchain technology will radically change our lives, and the world’s economy—as we know it. At the moment, Bitcoin is the most well-known cryptocurrency out there, but the future is bright for all of the blockchain-based technologies. We’re seeing massive interest in blockchain projects, and the next few years will be pivotal for the technology.

As recently as January 3rd, the price of bitcoin was close to $2000, but since then, the price has been falling, and it’s now at around $6900 as of this writing. What does this mean? If bitcoin continues to fall, it will be less valuable in the future, and that could make it a less attractive investment. But, if bitcoin does rally, it could gain more value. That’s what Plan B’s price target of $135,000 by the end of 2021 is based on.. Read more about bitcoin price predictions and let us know what you think.

Bitcoin bull and crypto analyst PlanB has released his latest prediction about the token’s future – he thinks it could reach $450,000 by the end of the year.

PlanB, known for its bitcoin stock-to-flow transition model to predict the future movement of the token’s price, continues to claim that the cryptocurrency’s trajectory is positive. Despite bitcoin’s recent collapse and subsequent recovery period, the analyst remains optimistic about bitcoin’s future performance. In his latest published estimate, he suggested that, in the worst case scenario, bitcoin would reach $135,000 by December :

Bitcoin has dropped below $34,000 due to Elon Musk’s energy fears and China’s mining crackdown.

There is a more fundamental reason why we are seeing weakness in June and perhaps July. My worst case scenario for 2021 (based on price/chain): Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K pic.twitter.com/hDONOVgxH1

– PlanB (@100trillionUSD) 20. June 2021

In response to a comment about his bullish worst-case estimate, he alluded to his best predictions for bitcoin:

Wait until you see my basic scripts and my best scripts! Ok, rating: best case Dec $450K

– PlanB (@100trillionUSD) 20. June 2021

Bearish predictions by the author of Rich Dad, Poor Dad

Meanwhile, another bitcoin bull, Robert Kiyosaki, author of Rich Daddy, Poor Daddy, has taken a bearish approach to short-term cryptocurrency trading. He expects bitcoin to fall even further than it has in the past two months and suggests that investors wind down their positions in cryptocurrencies and turn their attention to gold and silver :

The biggest bubble in the history of the world is getting bigger. The biggest collapse in the history of the world is about to happen. Buy more gold and silver. I’m waiting for Bitcoin to drop to $24,000. The slump is the best time to get rich. Take care of yourself.

– therealkiyosaki (@theRealKiyosaki) June 19, 2021

The price of bitcoin is currently just above $35,000 – and has been above $31,000 for the past 30 days. It remains to be seen whether there will be a sharp rise or a significant fall in the coming weeks.

PlanB’s contribution includes: The post Bitcoin price will be at least $135,000 by 2021 appeared first on Coin Insider.

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