Chainalysis CEO predicts Bitcoin will hit $ 100,000 by the end of 2021

Chainalysis CEO predicts that Bitcoin will hit $ 100,000 by the end of the yr and it will turn out to be more and more tough to foretell the same price as we learn extra on Bitcoin information at the moment.

Chainalysis CEO is optimistic that the price will surpass $ 100,000 earlier than the end of the yr, when Michael Gronager, who additionally based Kraken, claimed in an interview with Bloomberg that BTC and the relaxation of the market are on the manner. Kraken CEO Jesse Powell even famous that the market is in a bull cycle, saying:

“We could see $ 100,000 plus per coin by the end of this year, early next year.”

Meanwhile, Chainalysis CEO appeared to agree with Powel’s prediction for Bitcoin when requested if the worth of BTC may soar above $ 100,000 by 2021. According to Gronager:

“I believe we’re nonetheless in a bull market. I believe we may see over $ 100,000 by the end of the yr so I’d be optimistic about that too. In the future I can typically say that the moon is the restrict, however we will additionally transcend that. “

Chainalysis CEO predicts Bitcoin will skyrocket and joins the list of those who predict Bitcoin price will hit the $ 100,000 area. Others include Jordan Belfort, Blockstream CEO Adam Back, Kevin Wadsworth, and Florian Grummes. Even Peter Schitt claims that the price of BTC can reach $ 100,000 or $ 1 million. Commenting on the price of ETH, Gronager said there are other factors that determine the value of the second largest cryptocurrency and, according to the leader, one of the main factors is DeFi’s continued growth, which is contributing to ETH price movement.

Chainalysis CEO discussed El Salvador’s introduction of BTC, but President Nayib Bukele’s proposed BTC bill saw a majority in favor of making BTC legal tender in the country, but there were some objections. With the law going into effect, a poll found that nearly 70% of El Salvadorans are not really happy with the BTC law. Meanwhile, Gronager found that citizens are opposed to the introduction of BTC because they know almost nothing about the asset, but as the Chainalysis CEO said, people prefer to use the money they know.

The CEO went on to say that they will realize how easy it is to use BTC once they download the Chivo state wallet. President Bukele created the necessary infrastructure before formalizing the BTC law.

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