Bitcoin $318K by December 2021 | Bitcointalksearch.org

VDraci

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Quote from: ValerieChristaldi on November 17, 2020, 04:14:27 AM

I know that some people believe BTC can achieve much more than we have seen till this far. Just in 1 month the BTC went from somewhere around $11K to +$16K today.

CitiBank Managing Director believes BTC can touch $318K by December 2021. What do you think? Is this really possible?

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CitiBank Managing Director Says Bitcoin (BTC) Can Touch $318K By December 2021

It's not possible for Bitcoin to surge to 318k in a month interval, if that happens then it's a dangerous pump, for a bullish market to be stronger there will be many corrections as the value climbs to a new ATH and it takes time too, let's be more realistic and take profits if there is any, greed is hoping for too much

cheezcarls

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Anybody could speculate or project the amounts all they want for 2021. Although it may a little bit possible, I wouldn't count on it. $30k can be a bit highly possible, but $318K is kinda "too much". But I can be wrong too. We don't know what would happen in 2021, but let's just hope that it would make the price go even further and make the market even more matured than ever.

Renampun

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*one thing I learned about Bitcoin bull at the moment is that nothing is impossible...
to $ 318k in December 2021 is very possible but what makes me interested and curious about this prediction is 'what will make the price of Bitcoin fly that high'.

Noctis Connor

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Quote from: philipma1957 on December 25, 2020, 10:44:56 AM

So we are at 24k x 18 mill is a value of 400 billion plus for BTC.

so world investment wealth is around 100trillion this mean btc has 0.4% of the worlds investment wealth.

To make prediction of 318k a coin we move up to a cap of 318k x 18 mill or around six trillion.

That means 6% or 5% of the worlds investment wealth ends up in BTC by Dec 31 2021.

Can it happen yes it can.

Will it happen how do I know? I don’t.

The most encouraging news of 2020 is that Norway my grandma’s birthplace has decided to put Btc in its investment setup for pensions. Every Norway citizen now has 2 usd worth of btc.

I think it has risen to 2.40 since they did it.

Europe has 450 million people if the Euro union put 20 usd worth of BTC it would be a nine billion investment. Moves like this if done could make BTC huge.

it's true if other countries to to lift the illegal use of bitcoin maybe there be a should market cap of bitcoin, here in my country we have 10million people and only 5% of people are using since they knew and of course our senators are now pushing to make move to let people know about bitcoin also he create coin and give it to the people they can sell or trade as a start. If the world will know what bitcoin really potential is maybe we can hit that kind of price by 5-10 years from now. I have family relatives in norway too and my grand father says his converting his money into bitcoin as his friends and to give it someday and hopefully to me.

philipma1957

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So we are at 24k x 18 mill is a value of 400 billion plus for BTC.

so world investment wealth is around 100trillion this mean btc has 0.4% of the worlds investment wealth.

To make prediction of 318k a coin we move up to a cap of 318k x 18 mill or around six trillion.

That means 6% or 5% of the worlds investment wealth ends up in BTC by Dec 31 2021.

Can it happen yes it can.

Will it happen how do I know? I don’t.

The most encouraging news of 2020 is that Norway my grandma’s birthplace has decided to put Btc in its investment setup for pensions. Every Norway citizen now has 2 usd worth of btc.

I think it has risen to 2.40 since they did it.

Europe has 450 million people if the Euro union put 20 usd worth of BTC it would be a nine billion investment. Moves like this if done could make BTC huge.

Oshosondy

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Quote from: lukikato on December 20, 2020, 02:59:29 AM

too high if the price can go up to $ 300k, even I don't think so, it will be at least $ 30,000 which is good. so now prepare yourself for an even higher price

Quote from: lukikato on December 20, 2020, 02:59:29 AM

too high if the price can go up to $ 300k, even I don't think so, it will be at least $ 30,000 which is good. so now prepare yourself for an even higher price

It is not too high if the price of bitcoin can go up a million dollars in 2021 but it is not possible. It is not also possible to achieve $100000 not to talk of bitcoin price achieving $318000. What we should speculate more about now is about 2021 bitcoin price will be that bitcoin can grow up to $50000 or to $80000 but thinking of more than that is not achievable.

Oshosondy

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Quote from: lukikato on December 20, 2020, 02:59:29 AM

too high if the price can go up to $ 300k, even I don't think so, it will be at least $ 30,000 which is good. so now prepare yourself for an even higher price

It is not too high if the price of bitcoin can go up a million dollars in 2021 but it is not possible. It is not also possible to achieve $100000 not to talk of bitcoin price achieving $318000. What we should speculate more about now is about 2021 bitcoin price will be that bitcoin can grow up to $50000 or to $80000 but thinking of more than that is not achievable.

jostorres

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There is still one more year until it is December 2021 and I do not know what is going to happen anymore. Normally people who say these kinds of huge numbers I end up disagreeing with them, I always say that bitcoin will go up, I am very bullish on bitcoin, but this number is too much.

However this time around I am not as sure as I am with the other times, bitcoin was around 7k by the start of 2020 and it is over 3x right now, meaning if we increase from 24k levels to 3x that would be nowhere nearly the 318k levels. However if we look at the bottom, that was around 3.6k price around march when it crashed and it did around 8x increase from that, and if we do have a 8x increase that would be closer to nearly 200k dollars per bitcoin, that sounds like the biggest possibility right now. I think it is obvious that it will still be not near the 318k price but could be huge nevertheless.

Wulan_maniez

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It is not impossible for bitcoin to reach $318K as contained in the article, even many articles that predict
the price of bitcoin to reach hundreds of dollars. But if it counts the years, it looks like it’s too soon if it
wants to be achieved by the end of 2021. Maybe that range will take years. Because it’s an immense value.

Untomabur

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investment should be safe, I learned today because XRP fell so horribly, I imagine that in bitcoin,
bitcoin has increased more than 200% this year, and there has been no deep correction,
indeed the prediction to $ 300k is not a bad thing, it helps that the market looks calm,
but remember this is a cryptocurrency, anything can happen.

bearexin

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Quote from: darewaller on December 22, 2020, 03:20:34 AM

I am pretty sure just like how all the other big business calculate the profits is based on other things. I remember winklevoss twins for example calculated bitcoin could be around 400k to 500k because that would be what the gold market cap would entail for each bitcoin price, as in if bitcoin becomes as big as gold in marketcap, that would make each bitcoin worth around 400k to 500k depending on when it happens.

This is why I highly doubt that people actually care about the real numbers, they care about the markets and what we can achieve and how big we can get. Can bitcoin reach to a level of gold? Can bitcoin reach to nasdaq levels? Can bitcoin reach to something else, that is all there is, can bitcoin do this and that. It is not about the price here, it is about the market size for all these big banks and other corporations and investors.

I understand that there are big names (like citibank) who thinks bitcoin will be higher, however unless they get in publicly for tens of billions of dollars (they can afford to lose that much even if bitcoin goes to zero) we are not going to see these numbers. Remember, all the banks in the world have excess money, they usually invest that into something, you think all the money they have in their accounts goes to giving loans to people?

There are not that many people who asks for loans, which means they are not loaning it out to everyone, they use it for investing as well, and do not get me started on insurance companies, they use all those money for straight up buying companies. Which means if they go into bitcoin all together, we are talking about 318k and even more, but if they fail to get involved with bitcoin that much, we are not going to see those kinds of returns.

darewaller

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I am pretty sure just like how all the other big business calculate the profits is based on other things. I remember winklevoss twins for example calculated bitcoin could be around 400k to 500k because that would be what the gold market cap would entail for each bitcoin price, as in if bitcoin becomes as big as gold in marketcap, that would make each bitcoin worth around 400k to 500k depending on when it happens.

This is why I highly doubt that people actually care about the real numbers, they care about the markets and what we can achieve and how big we can get. Can bitcoin reach to a level of gold? Can bitcoin reach to nasdaq levels? Can bitcoin reach to something else, that is all there is, can bitcoin do this and that. It is not about the price here, it is about the market size for all these big banks and other corporations and investors.

electronicash

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Quote from: kapalmabur on December 20, 2020, 04:29:33 PM

This prediction seems not just speculation, Citibank is not a new organization, Citibank is a large institution,
of course this is a fairly accurate prediction, there are many experts who have also speculated about the price of Bitcoin in the next few years,
and $ 300k might come true.

they didnt bet to swallow their dicks if it don't touch that price. there will be no memes for them when it dont happen.

the so called experts are just conditioning the minds of holders so they are not going to sell while they are going to dump. the kind of prediction that will let holders forget about the coming dumps and will just keep waiting for 300k while the price is down to 3k again.

lunnatic

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it seems like many people and bitcoin holders have hold until the price of bitcoin reaches $ 300k,
if this happens, then the price of bitcoin will be a new history for the world. Im really can't wait for it!

kapalmabur

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This prediction seems not just speculation, Citibank is not a new organization, Citibank is a large institution,
of course this is a fairly accurate prediction, there are many experts who have also speculated about the price of Bitcoin in the next few years,
and $ 300k might come true.

Fortify

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Anything is possible, but it sounds like this Citibank executive is just another wishful thinker and is probably trying to hype up the value of Bitcoin for his own holdings. Just another banker trying to expand their personal wealth by taking interviews and planting favourable stories. It is possible, but even with Bitcoin at its current peak it seems highly unrealistic it would grow to such a level.

gabbie2010

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Quote from: lukikato on December 20, 2020, 02:59:29 AM

too high if the price can go up to $ 300k, even I don't think so, it will be at least $ 30,000 which is good. so now prepare yourself for an even higher price

Price reaching $30K is very reasonable and attainable can even be more that value in 2021 however the price quoted by CitiBank Managing Director that the will reach $318K is not feasible and exaggeration, it is just the usual hype and the reasonable expected prediction was that the price will reach $100K in 2025 link https://primexbt.com/blog/bitcoin-price-prediction-forecast/ the market Cap will continue to increase gradually with inflow of core investors and mass adoption of the coin by big organizations all these are the catalyst that will pump the price to a higher price.

ultrloa

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Quote from: ?? on ??

2020 will end soon, there is no sign Bitcoin will enter a new all time high,
I myself don't have any thoughts that Bitcoin will go to $ 315k in 2021,
I prefer to predict Bitcoin price will be at $ 50000.

You would be very happy when it as reached 23k+ now and still on the bull run so we may see the uptrend might just continue unless the whale just started selling big. Though I am sceptical for pricing above 100000$ and above as there could be many falls in between and may take long years to even comeback to that range at times.

I'm skeptical for thinking on how on earth we could reach that point since we need more demands and huge marketcap before that thing to happen but 2021 is on next year so provably those figures will not be reached since we have so many difficulties coming up and might the whales will start to sell off on january and I'm expecting that to happen. But if the pump continues maybe the nearest price we can agree to reach here is maybe at $50k.

lukikato

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too high if the price can go up to $ 300k, even I don't think so, it will be at least $ 30,000 which is good. so now prepare yourself for an even higher price

electronicash

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they are looking forward to seeing price to hit ATH on Dec 2021. the bullrun s gong to continue from the year to another whole year of upward movements of price. how sweet is that.
this is just a speculation as well but he bet on it.

don't expect too much to this kind of speculation though, we all have experienced to people who spread this information. and like they said if you becomes greedy to wait for $318k to happen so you hold, you might just get burned when its not bouncing up anymore because bears are back.

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