Bitcoin surged overnight, rising to a maximum of 33,299 US dollars, and OKEx Bitcoin futures rushed to 34,877 US dollars in the quarter. Looking back at history, it took 1113 days for Bitcoin to break through $10,000 for the first time to break $20,000, and it took only 17 days for Bitcoin to rise from $20,000 to $30,000. Some people say that there is no resistance ahead. Because of the lack of historical reference, there are divergent opinions about where Bitcoin can go.
I summarizes the views of super optimists, cautious optimists, and rationalists in the market and their forecast basis for you. It is for reference only and is not responsible for it:)
>Super Optimist
Scott Minerd, chief investment officer of Wall Street giant Guggenheim Partners:
Fundamental analysis shows that Bitcoin should be worth $400,000 . The price target is based on two points, namely the scarcity of the asset and its relative value relative to gold.
Cryptocurrency analyst Rekt Capital:
After the first and second halving events, Bitcoin rose by 13378% and 12160%, respectively. If Bitcoin achieves a similar performance in the third halving, its price may reach $ 385,000 to $400,000 in the near future .
Boris Schlossberg, managing director of foreign exchange strategy at BK Asset:
The interest of institutions in Bitcoin indicates the good development of the asset. The price of Bitcoin can definitely reach $50,000, and the final value may reach $150,000 or even $200,000 . People who want to trade or invest in Bitcoin must keep in mind that "it will be very volatile."
Kelvin Koh, former partner of Goldman Sachs:
Bitcoin will reach $100,000 ; Ethereum will break new highs in the next 6 months; DOT market value will enter the top five. Large-scale fintech applications with more than 100 million users will begin to integrate DeFi protocols, thereby further opening the industry to mainstream retail investors.
> Cautious optimists
Nicholas Pelecanos, head of trading at cryptocurrency company NEM:
When the price of any asset rises at such a rapid rate over a period of time, I will be cautious. Bitcoin traders should not fall into fanaticism... But Bitcoin may rise to $50,000 before Valentine's Day . I believe that we only At the beginning of a huge bull market.
Former Bitcoin China CEO Li Qiyuan (Bobby Lee):
Considering the huge and fast running price of Bitcoin, there may be a double top like 2013. (The first small peak in 2013 occurred in April, and then the real bull market peaked in December.) So the first small peak eliminated some air, allowing prices to fall a bit, and then rise again in summer and autumn. The short-term correction (defined as occurring within the same bull market year) will be smaller, possibly 40% to 60%. This is a long-term multi-year bear market adjustment, from a historical high to a bottom of about 80%. If this year's bull market will have a double top, if I have to guess, the first small peak may be between 70,000 and 99,000 US dollars , not more than 100,000 US dollars. "
>Rational
Forexlive analyst Adam Button:
Bitcoin has always been a big winner during the holiday season, and it continues to rise. In late November, when Bitcoin was trading at $18,000, I wrote an article about the seasonal bullish trend in December and emphasized that $36,000 was a technical target . Before mid-December, Bitcoin's rally was more inclined to stable buying, but now it is a parabolic trend, so it is unlikely that the Bitcoin price will be close to 50,000 or even 60,000 US dollars.