Where can Bitcoin go: predictions of the big players
Where can Bitcoin go: predictions of the big players
Bitcoin

Where can Bitcoin go: predictions of the big players

By Eleonora Spagnolo - 19 Oct 2021

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BTC will reach $200,000, or maybe not. Bitcoin’s price predictions are flowing in these days. The enthusiasm for the achievement (seen as imminent) of a new historical record is accompanied by the fear of possible and sudden reversals. 

Experts and industry giants are putting forward their hypotheses.

Raoul Pal’s predictions: Bitcoin at $400,000

According to Raoul Pal, CEO of Real Vision and Global Macro Investor, we are in the midst of a bull run in which BTC may reach $400,000

Indeed, during an interview with Anthony Pompliano, he said that he believes that at the end of the year, BTC may be worth $200,000, while at the peak of this cycle, it will even be doubled: it will be worth $400,000. 

Ethereum on the other hand will reach $15,000 and $40,000 respectively. Proportionally, the growth of ETH would be much higher than that of BTC. 

Bitcoin predictions
BTC is close to a new ATH

Bitcoin at $100,000 with ETFs

According to Forbes, the launch of Bitcoin ETFs is expected to take the price to $100,000. In fact, the first ETF based on Bitcoin futures was launched just today by ProShares on the NYSE. Market reactions, however, have been somewhat toned down. 

Bitcoin is now at $62,200, up 2% over 24 hours, just short of a new all-time high. The debut of the ETFs has brought green figures, but not the long-awaited rally. At least for now. 

Scott Minerd: “stop investing in Bitcoin”

Someone who has never correctly predicted anything seems to be Scott Minerd, CIO of Guggenheim Investments. In December he said Bitcoin would reach $400,000. In February he was convinced that BTC could reach $600,000. In June, when BTC had halved from its all-time high of $65,000, he predicted it would collapse to $15,000.

In recent days, in an interview with CNBC, he gave up: 

“The one thing I learned as a bond trader years ago, when you don’t understand what’s happening, get out of the market. So discipline tells me now I don’t fully understand this.”

And indeed Guggenheim seems to have no more investments in BTC

 

Eleonora Spagnolo

Journalist passionate about the web and the digital world. She graduated with honours in Multimedia Publishing at the University La Sapienza in Rome and completed a master's degree in Web and Social Media Marketing.

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