Bitcoin Is Likely to Hit $100,000 by End of 2021 Says Anthony Pompliano

RealMalatesta

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Quote from: WinslowIII on August 08, 2019, 08:04:35 PM

How you ask?
Limited bitcoin supply + fiat collapse.
Next question?

Great, the more the demand of bitcoin, the lower the supply of it and that is what lead to increase in value, he needs to understand the concept, so if he is to do his calculation very well, he would even realize that bitcoin could even reach far more than 100k by that 2021 depending in the rate of adoption and how soon the supply can be reduced and at the same time, the price may still not get to that in tat 2021 which could also take another 5 years if the adoption rate is still low, because it is only adoption that usually cause stir for demand which will then turn to create opportunity for much more surge in the value. All we need to hope for now is not just speculation, but the practicality of it.

If they can influence the market very well, then we will have new investors.

michellee

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Quote from: Kidmat on August 08, 2019, 06:48:19 PM

Many predictions spreading in bitcoin but we really do not know if this could happen. Possible to reach high price by year 2021 but no one can give an accurate price of btc. Well, if we are willing to have btc this time we can accumulate on what we can afford.

All of that is the only prediction, and we will see many predictions will happen in the future. Bitcoin itself can hit to any price, and we don't know how much the price will increase. But if the price can hit that price, then I am sure all people who own bitcoin will be happy, and they will make a lot of money from bitcoin. If everything has ready, bitcoin price will rally to the higher price, and that means, we can prepare to sell bitcoin.

WinslowIII

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Quote from: nydiacaskey01 on August 08, 2019, 05:50:34 PM

Its easy to say that price of Bitcoin will hit $100,000 by end of 2021. There's a lot of personalities who also say that Bitcoin will reach leaps and bounds by end of 2020 but the question is how and why will it reach $100,000 by end of 2021.They can hype it up but giving those bold predictions but for me I will not wait for that to happen, just trade and before you know it, you already accumulated more than your target if you trade wisely.

How you ask?
Limited bitcoin supply + fiat collapse.
Next question?

Kidmat

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Many predictions spreading in bitcoin but we really do not know if this could happen. Possible to reach high price by year 2021 but no one can give an accurate price of btc. Well, if we are willing to have btc this time we can accumulate on what we can afford.

nydiacaskey01

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Its easy to say that price of Bitcoin will hit $100,000 by end of 2021. There's a lot of personalities who also say that Bitcoin will reach leaps and bounds by end of 2020 but the question is how and why will it reach $100,000 by end of 2021.They can hype it up but giving those bold predictions but for me I will not wait for that to happen, just trade and before you know it, you already accumulated more than your target if you trade wisely.

SquallLeonhart

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This news is good to buy us time to keep the bulls strong in the market. At least we will have some people now that would shift their focus from expecting anything from bitcoin this 2020 to 2021 because I could see that most people, there target has been this year/2020, and they might feel disappointed if 2020 comes and the market still did not offer them anything impressive, this could lead to panic sell and lots of fud news, but now that the focus is in 2 years’ time, it will be a whole lots of surprise to them if bitcoin now achieves the predicted value before the year 2020.

Right now, we need people to stop shortening as CEO Binance advised because it is not good for the market, which is why we have not been having a breakout. Money needs to stay a little longer in the market for now.

barbara44

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I think this will not be like a short hype bull run followed by a stagnant period and another short hype bull run. I think this will be more like a big huge bull run all by itself. Its kinda like how some people say world war 1 and world war 2 was different wars but some people say they were the same war because the second one started because of the first one. With the same logic I would say this bitcoin bull run happened and now it looks like instead of going from 3k to 12k type of moves we have been going between 10-13 levels for a while now so when it goes up again people will say its another bull run but I believe that the next one (even if it reaches 100k) will not be a new one but the one that started and caused it early on from the 3k levels to this.

mich

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ECB Money Printing Is ‘Rocket Fuel’ for Bitcoin Price, Says Pompliano

https://cointelegraph.com/news/ecb-money-printing-is-rocket-fuel-for-bitcoin-price-says-pompliano

“ROCKET FUEL: They’re going to cut rates and print money right as we march towards the Bitcoin halving. Buckle up. This will be wild 🚀”

Reid

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I still prefer not going that far. 100k USD is a large amount which could produce more chaos in the financial market.

Protection. I believe that we still have a good protection in staying with a smaller value up until now. I would rather see it fall again and then just go back up rather than hitting a new all time high.
I am not as greedy as other people around here. But not also a hypocrite to say I dont need the money.

But with 6 digit price? Do you really think they (government) will just be silent about it?

exstasie

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Quote from: ?? on ??

Quote from: exstasie on July 09, 2019, 01:39:32 PM

Yes, we could enter a bearish super cycle and the pattern will end.

Another possibility is the periodic bull/bear cycles (2011, 2013, 2017) end and we enter a phase of exponential adoption. This could be visualized as the vertical leg of an S-curve, as seen with other major technologies like telephones, televisions, internet.

We're already in a long term bearish super cycle.

You've been saying things like that for years. Why would it be different this time?

I mean it's technically possible (that we've already entered a bearish super cycle) but there's just no evidence for it yet. I don't trust crystal balls either. Makes more sense to keep betting the trend. Higher highs, higher lows and all that.

cocoadreamboy

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Quote from: serjent05 on July 08, 2019, 05:25:49 PM

Quote from: cocoadreamboy on July 08, 2019, 01:02:52 PM

If bitcoin hit $100,000 in 2021 there would have to be $90 million of new longterm investment into bitcoin every day.

$100,000 x 900 (new bitcoin created/day) = $90 million/day

Personally I think that is hopeful dreaming at best.

If you want to see cash flow data such as this check out my site:

https://www.amsinger.org

Much Love!

Aaron

Never disregard those who will sell Bitcoin or play the market such as these whales manipulators. There is always a challenge everytime Bitcoin goes up. Those who wanted to cash out their profit, and those who intentionally crash the market for their own benefit. Remember the 25k BTC sales that make the price of BTC to go down more than $1k in just some hours? The probem with this prediction is that they only focus on the positive aspect and disregard the possible hiccups and hurdles to hit another ATH. Thus, reading this article without prior facts and reasons why Bitcoin will be $100,000, is kinda a wishful thinking for me.

Very true, many talking heads say insane numbers simply to get clicks or eyeballs, without knowing anything about the subject.

exstasie

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Quote from: hatshepsut93 on July 09, 2019, 01:30:24 PM

It's most likely that the previous cycle patterns won't hold true for long, maybe this run will have the same pattern, but after that things will start to change. Shorter cycles is one such scenario, but there are many others - we can have long bear trend when we'll have bearish cycles instead of the bullish ones

Yes, we could enter a bearish super cycle and the pattern will end.

Another possibility is the periodic bull/bear cycles (2011, 2013, 2017) end and we enter a phase of exponential adoption. This could be visualized as the vertical leg of an S-curve, as seen with other major technologies like telephones, televisions, internet.

hatshepsut93

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Quote from: BrewMaster on July 09, 2019, 10:41:35 AM

so if that is to be repeated $100k in 2021 seems legit.
but i also think as we move forward these cycles will become shorter and happen faster as the adoption speed is not a lot faster than before.

It's most likely that the previous cycle patterns won't hold true for long, maybe this run will have the same pattern, but after that things will start to change. Shorter cycles is one such scenario, but there are many others - we can have long bear trend when we'll have bearish cycles instead of the bullish ones - this can be caused by lack of real world adoption, we can have longer and weaker bullish cycles caused by maturity, bigger volumes and less Bitcoins being produced.

BrewMaster

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Quote from: fabiorem on July 09, 2019, 07:49:29 AM

I believe the price can reach 100k earlier than that, in 2020, and before the halving.

people who are guessing high prices but in a date after 2020 halving are guessing it based on previous two performances that we had at the similar time after the halvings. each time starting with a huge drop that reverses upwards and has a big rise before the halving but doesn't reach the previous ATH and then rise to set a new ATH in the following year.

so if that is to be repeated $100k in 2021 seems legit.
but i also think as we move forward these cycles will become shorter and happen faster as the adoption speed is not a lot faster than before.

fabiorem

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I believe the price can reach 100k earlier than that, in 2020, and before the halving.

The price can reach the previous ATH before December. Yes, it can go that fast, if we have a real bull run like the one from 2016-2017. Price is coming up earlier because of adoption, the market had matured and bitcoin dont have too much influence from the altcoin market now. ICOs are a thing from the past, few people trust those scammers now.

For six digits in 2020, we need the price to go to 20k before December. This could bring the price to 250k by the end of 2021.

The only thing that turns me sad about all of these movements, is that bitcoin will remain only as a store of value, and we will not be able to use it as a currency. I will have to convert to fiat currency, and my country is very primitive in dealing with profit, here to have profit and prosper is looked at as close to a criminal activity.

ene1980

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Quote from: Dreamchaser21 on July 08, 2019, 11:29:57 PM

That’s why i always make my own prediction, which is more realistic and no one will judge me. Another guy who made a huge prediction, let’s hope that those predictions made by big celebrities will happen this is for the benefit of whole market.

There is nothing wrong in making a wild prediction and keeping with yourself Tongue

Everyone can make their prediction and later say to the world that they predicted the price earlier and there is no doubt that the price of bitcoin will reach those valuation in the future, but getting to those valuation in the next rally is a huge task and as Wind_FURY pointed out it is a matter of when we reach those valuation and it is hard to pin point when we will reach those dream valuations. Realistically i do not expect the price to reach $100000 during this rally.

Dreamchaser21

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Quote from: klaaas on July 07, 2019, 05:22:39 PM

For now ill place him in the mcafee corner. Never say never but this is a bit of a far reach. We all can make a prediction on the halving and how it could play out.

That’s why i always make my own prediction, which is more realistic and no one will judge me. Another guy who made a huge prediction, let’s hope that those predictions made by big celebrities will happen this is for the benefit of whole market.

serjent05

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Quote from: cocoadreamboy on July 08, 2019, 01:02:52 PM

If bitcoin hit $100,000 in 2021 there would have to be $90 million of new longterm investment into bitcoin every day.

$100,000 x 900 (new bitcoin created/day) = $90 million/day

Personally I think that is hopeful dreaming at best.

If you want to see cash flow data such as this check out my site:

https://www.amsinger.org

Much Love!

Aaron

Never disregard those who will sell Bitcoin or play the market such as these whales manipulators. There is always a challenge everytime Bitcoin goes up. Those who wanted to cash out their profit, and those who intentionally crash the market for their own benefit. Remember the 25k BTC sales that make the price of BTC to go down more than $1k in just some hours? The probem with this prediction is that they only focus on the positive aspect and disregard the possible hiccups and hurdles to hit another ATH. Thus, reading this article without prior facts and reasons why Bitcoin will be $100,000, is kinda a wishful thinking for me.

1Referee

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Quote from: cocoadreamboy on July 08, 2019, 01:02:52 PM

If bitcoin hit $100,000 in 2021 there would have to be $90 million of new longterm investment into bitcoin every day.

$100,000 x 900 (new bitcoin created/day) = $90 million/day

Personally I think that is hopeful dreaming at best.

Miners never sell their coins immediately, especially because of how that would harm their own operation. Miners are hoarders, just check their mining addresses. If they are selling their coins, there is a queue of institutions and other players looking to buy up these virgin coins through private deals.

With more Bitcoin backed products and more institutional demand, there will be a massive shortage of spot supply. CME CEO even said that there aren't enough coins in circulation to please future buyers. They fill up that gap by offering cash settled products so that the lack of supply isn't going to affect their institutional traders.

cocoadreamboy

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Quote from: Theb on July 08, 2019, 01:57:13 PM

I have read his article and all I can see is that its more of a pump-up speech/article to motivate his current investors and attract potential ones to Morgan Creek Digital. He really didn't dive in too much on why he has predicted that Bitcoin will go up to 100,000$ by 2021 with how the article was made he had set up a lot of warnings on how his prediction isn't 100$ accurate which he can use later after his price prediction fails in the future. So I wouldn't be surprised if one day he will just say that "like I said before I am not 100% sure it will go up" or something similar to that. For newbies reading this it's never right to based your trades to predictions of someone who is popular as they are never 100% guaranteed to happen.

True dat

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