The CEO of the US cryptocurrency exchange Binance, Kathryn Cooley, expects the price of BTC to reach $ 100,000.
Cooley: The price of Bitcoin will reach $ 100,000
Catherine Cooley believes that the current rally of Bitcoin indicates that the digital currency's asset could reach a price as well as $ 100,000.
Speaking to KLTA news outlet, yesterday, Sunday, January 3rd. Cooley said the recent rise in the price of Bitcoin (BTC) went from $ 19,000 to more than $ 34,000 in less than a month. It may be due to an increase in the number of institutional investors interested in the origin of the digital currency. She added that the digital currency space could see a "rapid" rise based on what happened before the 2017 bullish rally, as the price of the BTC cryptocurrency rose more than a year after bonuses were halved in July 2016.
Various positive expectations towards the cryptocurrency
Coolie said:
“We might have thought maybe $ 50,000 makes sense for the digital currency's price. This number will definitely be a little higher than that in my opinion. I think we are heading towards $ 75,000 to $ 100,000 in Bitcoin by the end of 2021. '
The CEO of Binance.US is not alone in his bullish outlook for the coming year. Dan Held, the growth pioneer of the Kraken cryptocurrency exchange, has been saying since last year that the digital currency may enter a "super cycle" in 2021. This pushed the price eventually to $ 1,000,000. In a video posted on his YouTube channel last week, Held predicts that the price of the digital currency will move by more than "a 100-fold increase" based on the increased adoption of the crypto asset.
BTC digital currency tops the FT
The current bullish move has caught the attention of major news outlets. The digital currency BTC also topped the front page of the UK-based international business newspaper, the Financial Times, on January 4:
At the time of publication, the bitcoin price was $ 31,158, down 7.88% over the past 24 hours.
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