Source: deiopea.ch / @Deekee62
The prediction on the above chart is based on the last 3 cycles of ₿itcoin, the price axis shows 100% of each cycle and the time axis has been interpolated, so that it's possible to compare them with each other and for this reason there's no real time scale at all.
Now we can clearly see that the current cycle (magenta) does not yet match the past three cycles at all and has not enterd the exponential phase yet, hence the distinguised bend and the offset on the left.
As soon as the price of ₿itcoin in the current cycle rises, it starts to assimilate to the past 3 cycles. So if the 2021 bullmarket follows the last cycle of 2015-2017 the target price is around $200k
Nevertheless I believe we will get to at least 500'000 US$ in this current bull cycle which may end in late 2021/early 2022. The question will be whether Bitcoin has to go through its typical 80% or greater peak-to-trough correction before a new bull can begin, given the number of major tipping points in which the global economy finds itself. If not, the bear could be less punishing than prior bears.
Shervin Pishevar is a venture capitalist and angel investor and co-founded Hyperloop One and Sherpa Capital. He has also made investments in several companies including big names such as AirBnb and Uber. He has called for ₿itcoin to reach $100,000 by the end of 2021 via Twitter. The prediction came not long after a December 2020 meeting with MicroStrategy CEO Michael J. Saylor, whose company invested more than $1 billion in ₿itcoin during 2020.
Anthony Pompliano is a well-known ₿itcoin personality. He’s a founder and partner at Morgan Creek Digital, a crypto-friendly asset management firm for institutional investors. He has previously claimed that he holds more than 50% of his net worth in ₿itcoin, showing his belief in the cryptocurrency.
Pompliano previously predicted that ₿itcoin will hit $100,000 by the end of December 2021. Since then, he has revised the figure to an upper limit of $250,000 – more than double his original prediction.
Why the updated number? Pompalino believes the available supply of ₿itcoin is much less than is perceived by most, which lies in stark contrast to the amount of demand that is beginning to precipitate – in particular by institutions.
Citibank’s Thomas Fitzpatrick is the global head of their market insights product, CitiFX Technicals. He made headlines for his ₿itcoin prediction of $318,000 by 2022, which surfaced after his report was leaked onto the internet in late 2020.
His analysis drew similarities between the gold market of the 1970s and ₿itcoin’s price action, in particular gold’s $20 to $35 range before its surge in 1971. He also cited the acceleration in money-printing by central banks since the emergence of COVID-19, which may fuel the ₿itcoin run.
The Winklevoss twins, Cameron and Tyler – the famous ₿itcoin billionaires have said ₿itcoin has the potential to reach a price of $500,000 by 2030, which would put its market cap on par with that of gold (around $9 trillion).
Tyler Winklevoss said, “Our thesis is that ₿itcoin is gold 2.0, that it will disrupt gold, and if it does that, it has to have a market cap of 9 trillion, so we think it could price one day at $US500,000 of ₿itcoin.”
The prediction has been explained in full detail in a blog post by Tyler on their website.
Wences Casares is the Founder and CEO of Xapo, a ₿itcoin wallet startup, and a board member at PayPal, among various other roles. Casares first found interest in Bitcoin due to high financial volatility in his home country Argentina’s native currency, the Peso. The tech giant bought his first ₿itcoins in 2011.
Casares believes that ₿itcoin will hit $1 million sometime before 2027, he said at the Consensus 2017 conference in New York. Even better, he believes that Bitcoin could hit one million dollars in as few as 5 years, saying on May 23, 2017, that the milestone will be reached “in 5-10 years”.
Chamath Palihapitiya is the Founder of Social Capital and Co-Owner of the Golden State Warriors. His ₿itcoin journey started with an investment back in 2012, and by 2013 he had included ₿itcoin in his hedge fund, general fund, private account. At one point, he owned 5% of all ₿itcoin in circulation.
Palihapitiya has predicted ₿itcoin price will reach $100,000 in the next 3-4 years, adding that it will reach a price of $1 million by 2037. He said, “This thing has the potential to be comparable to the value of gold… This is a fantastic hedge and store of value against autocratic regimes and banking infrastructure that we know is corrosive to how the world needs to work properly”
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