From $318K to $0: Bitcoin price predictions for 2021
What highs (or lows) could Bitcoin reach by the end of the year? Watch Cointelegraph’s latest video to find out!
The moderates
The Stock-to-Flow (S2F) model created by PlanB is one of the most well-known price prediction apparatuses in the Bitcoin space. It forecasts the long-term price trend of Bitcoin by weighing two main factors: the amount of BTC in existence (the stock) versus the amount of newly mined coins entering the market (the flow).
Thus far, the model has been eerily accurate. Bitcoin closed February 26% above the model’s projected price and remains on pace to hit the model’s end-of-year target of $288K. With Bitcoin currently trading at around $56K, it would need to increase over 400% between now and December.
Anthony Pompliano of Morgan Creek Digital and Dan Morehead of Pantera Capital haven’t set their sights on $200K for 2021, but that doesn’t mean they are bearish. They both believe Bitcoin will close the year above $100K, which would be double the current price.
In a recent interview with Cointelegraph, Pomp noted:
If all of a sudden only about 8 million Bitcoin are available and all this demand is showing up, you are going to have a pretty aggressive price increase.
The naysayers
Wherever there are bulls, there are also bears. Peter Schiff is one of the most outspoken Bitcoin critics in the crypto space. He believes Bitcoin is a pumped-up bubble that will eventually lead most investors to financial ruin. According to him, it’s only a matter of time before it all comes crashing down to zero.
In an interview, Schiff said:
It doesn’t matter that the price has gone up. […] Eventually, the supply of fools will run out and the biggest fool ends up being the bag holder.
Eyes on the prize
Who would have thought the day would come when $100K, or even $200K, Bitcoin price predictions are considered moderate? Well, today may finally be that day. Unconfirmed reports say Citibank have set their sights set on even higher price targets for 2021.
And that’s just in the short term. As Bitcoin’s price rises, so do the long-term forecasts. Frank Holmes of US Global Investors and Scott Minerd of Guggenheim Investments both believe half a million dollars is within reach in the coming years.
But there’s one price prediction that trumps them all. Microstrategy CEO Michael Saylor foresees Bitcoin sucking up ‘monetary energy’, which would propel it to an unthinkable price:
In theory, all monetary energy that’s simply looking for a store of value/safe haven index should presumably drain out of real estate, cash, stocks, and bonds into the Bitcoin network.
Watch the video above for our analysis of Bitcoin’s short-term and long-term price targets. If you enjoy this content, check out and subscribe to Cointelegraph’s YouTube channel!
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