will bitcoin crash in 2021
PlanB, the creator of the stock-to-flow (S2F) model, recently reiterated thatBitcoin will not crash in 2021, but its on its way to hitting $100,000. The analyst expects the dominant cryptocurrency to reach the $100,000 to $288,000 range by December 2021. Bitcoin would have to rise about 545% from the current price to break above $100,000.
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What will happen to bitcoin in 2021?
Prior to the 2021 crash, Bitcoin had gone from $10,000 in September 2020 to four times that in January, and finally to its highest value yet ($63,000) in April 2021. This sharp rise came with the increased legitimization of cryptocurrency through big party investments, including banks, countries, and large companies.
What happened to bitcoin?
The 2021 Crypto Crash Bitcoin had been on a tear throughout the later parts of 2021 and through Q1 2021. However, after a series of policy moves by China and the withdrawal of various celebrity support, in particular Elon Musk, the price fell hard. The entire crypto market seemed to have crashed again.
Will cryptocurrency crash like 2018’s?
There are those who remain skeptical about crypto, predicting its end, and others that firmly believe that crashes like 2018鈥檚 are behind them. Regardless, it cannot be ignored that Bitcoin lost 50% of its value in just three months, from $63,000 in April 2021 to $32,000 in July 2021.
When will bitcoin reach $100K?
The analyst expects the dominant cryptocurrency to reach the $100,000 to $288,000 range by December 2021. Bitcoin would have to rise about 545% from the current price to break above $100,000.