The British cryptographer Adam Back expects bitcoin to reach a price of $100,000 by the end of the year. Comparing the primary cryptocurrency to gold, he praised the former as the better financial instrument.
In addition, Florian Grummes – precious metal and bitcoin analyst – shared a similar point of view. The virtual asset’s USD value would decline to $34-38K, but in six months, it would stand at $100,000.
Interestingly, both of these forecasts coincide with the popular stock-to-flow model that sees BTC tapping $100K by Christmas 2021.