Is there concern that Bitcoin could just tank? Meh. I mean anything is possible but the question you should be asking is, is it PROBABLE?
Many thought leaders in the world of Digital Assets are making predictions. Pantera's Dan Morehead believes Bitcoin is coming of age and is on track to hit his $115,000 target this year. Diginex's Richard Byworth projects Bitcoin will reach $175,000 by year-end. Bitcoin Bull Max Keiser maintains his $220,000 price target for this year.
PlanB believes Bitcoin will exceed his S2FX model forecast of $288,000. Willy Woo explains to Laura Shin how Bitcoin could reach $300,000 by the end of 2021. Bobby Lee believes Bitcoin could do another 5x surge from where it is today and end the year at $300,000. Back in November, Citibank's Tom Fitzpatrick believes Bitcoin could reach $318,000.
Now those are bullish but Mike McGlone from Bloomberg takes it up a notch and believes that we could end the year at $400,000. Longer term, the team at Kraken believes Bitcoin is headed toward a cool Mil. Jesse Powell reiterate that Bitcoin can reach $1M each and Dan Held says the KPI would be for a supercycle that ends at $1M. Now let's not be shy, Michael Saylor, the Bitcoin Bull of all Bulls, believes Bitcoin will reach $5M per Bitcoin; it's inevitable.
However, Ben Armstrong believes the Bull cycle will end Sept 28, 2021 so not everyone believes this SuperCycle is real. So believe what you may, there is a Fiat Tsunami headed toward Bitcoin and that will push Bitcoin much higher than where it is today. So stay STRONG and HODL on!