Bitcoin price forecast: BTC goes to $20,000 and gold to $2000 in 2021

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Bloomberg’s chief commodity strategist Mike McGlone believes that Bitcoin price will surpass the $ 20,000 threshold in 2021 and is taking firm steps forward.
Bitcoin, which has experienced many ups and downs in 2020, started the year at $ 7200, dropped below $ 4,000 in March due to the Covid19 pandemic effect, but then exceeded $ 10,000 in June and gradually rose to date. According to McGlone, the cryptocurrencies leader is currently moving up strongly.
In a tweet he shared yesterday, McGlone said that in 2021 the average annual price will be $ 2,000 for gold and $ 20,000 for Bitcoin:
“In annual average prices, the indicator points to $ 2,000 for gold and $ 20,000 for Bitcoin. We are moving rapidly on this road. In these quasi-coins, both technical and fundamental formations support a new and refreshed bull market ”
If Bitcoin exceeds the price of $ 20,000 in 2021, this will be the highest price of the coin to date. According to coinmarketcap, this figure is now $ 19,982.
This is not the first bullish comment by McGlone about cryptocurrency. The successful strategist also noted on November 4 that Bitcoin is less volatile than the Nasdaq stock market. On the same day, he tweeted that he expected BTC to experience a parabolic increase this year:
“Bitcoin price can experience a parabolic rise in 2021, as in 2013 and 2017. If there is no unexpected development in the world, I expect this story to happen. Potential levels ahead are new peaks. With the supply-demand issue, the rapid increase in adoption, I think time is all it takes for the rise ”
McGlone isn’t the only strategist who believes Bitcoin will see new highs. Jason Deane, a Bitcoin analyst at Quantum Economics, said that Bitcoin has remained below its expected value for ages, and this could change, as McGlone said this year:
“20 thousand dollars is a realistic figure in my opinion and I believe it will happen in 6 months.”
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