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Catherine Coley has said that the current bullish action from bitcoin is a sign that the crypto assets could end up hitting $100,000 in the future.Speaking last week, the CEO said that the spike in bitcoins price in recent weeks could be due to the high interest from institutions who have taken a liking to the industry.
The chief executive officer of the United States arm of Binance, Catherine Coley has said that the current bullish action from bitcoin is a sign that the crypto assets could end up hitting $100,000 in the future.
Speaking last week, the CEO said that the spike in bitcoins price in recent weeks could be due to the high interest from institutions who have taken a liking to the industry. Furthermore, she said that the industry could be experiencing an “accelerated“ rally based on what happened before the 2017 bull run.
“Where maybe we thought maybe $50,000 made sense, this number is definitely going to be a little bit higher than that in my opinion. I think we’re going towards $75,000 to $100,000 for Bitcoin by the end of 2021.”
It seems that she is not alone in her predictions either. The growth lead at the Kraken platform, Daniel Held has said a lot last year that bitcoin could be going into a “supercycle“ in 2021. Eventually, this could see bitcoin priced at $1 million.
Before we go any further though, it is worth noting that we are not financial advisors and this is not financial advice. Please do your own research before investing in a cryptocurrency.
Bitcoin has been the talk of the town over the past month after hitting a new all-time high on numerous occasions. Currently priced above $30,000 at the time of writing, bitcoin is fluctuating in its price constantly so it is hard to say where it will be by the time this article goes live!
Even the United Kingdom based business media outlet known as the “financial times“ has been talking about bitcoin as it made the front page:
Just published: front page of the Financial Times international edition Monday January 4 https://t.co/0ANz1YQw27 pic.twitter.com/lN2t2CBKVU
— Financial Times (@FinancialTimes) January 3, 2021
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Title: Bullish predictions: Binance.US CEO gives her opinion on the future of BTC
Sourced From: cryptodaily.co.uk/2021/01/bullish-predictions-binanceus-ceo-gives-her-opinion-on-the-future-of-btc
Published Date: Mon, 04 Jan 2021 09:31:43 +0000