Bitcoin price will hit $ 100,000 in December

Michael Gronager, CEO of crypto and blockchain analytics agency Chainalysis, has forecast that Bitcoin price will hit and probably exceed $ 100,000 by December 2021. He’s the most recent crypto bigwig making predictions.

According to analyst Michael Gronager, Bitcoin price will hit $ 100,000 in December

His Bitcoin price prediction confirms Kraken CEO Jesse Powell’s prediction. In August, Powell stated the crypto market remains to be in an early bull cycle and that Bitcoin will trade above $ 100,000 in January 2022 or December 2021.

About Michael Gronager, the director additionally stated in an interview with Bloomberg final Friday that the cryptocurrency market is presently optimistic.

The head of Chainalysis stated in the interview that the cryptocurrency market is presently nonetheless in an upward dynamic.

“I feel we’re nonetheless in a bull market. I feel we may see over $ 100,000 by the top of the 12 months so I’d be optimistic about that too. In the long term I’d most likely say that the moon is the restrict, however we will additionally transcend that. “

Other analysts predict that Bitcoin price will hit $ 100,000 in December

In addition to Chainalysis boss and Kraken CEO, analysts similar to Kevin Wadsworth of Northstar & Badcharts, Jordan Belfort, aka Wolf of Wall Street, Blockstream CEO Adam Back, Florian Grummes, have predicted that Bitcoin will hit $ 100,000 in December.

Surprisingly, well-known Bitcoin critic Peter Schiff additionally acknowledged that Bitcoin price may attain USD 100,000 or USD 1 million.

Analysts all see a cause for his or her bullish stance on Bitcoin. Belford acknowledged that BTC now has “a greater number of buyers than ever before,” and due to this, he sees the price hitting the $ 100,000 mark.

Regarding Adam Back, he stated that the coin will hit $ 100,000 because it has achieved worldwide acceptance and the implementation of Bitcoin has reached passable ranges. $ 100,000 is imminent.

BTC to hit $ 100,000 has been a debate amongst many consultants and lots of analysts. And after all, lots of people not solely anticipate that to occur, but additionally one thing greater.

However, will Bitcoin actually hit the $ 100,000 mark in December?

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