Bitcoin at $100,000 in 2021? Outrageous to some, a no-brainer for backers

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Bitcoin investors, which include top hedge funds and money managers, are betting the virtual currency could more than quintuple to as high as $100,000 in a year.

FILE PHOTO: A Bitcoin paper wallet with QR codes and a coin are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015. REUTERS/Benoit Tessier

Bitcoin is within sight of its all-time peak of just under $20,000 hit in December 2017. It debuted in 2011 at zero and was last trading at $18,415. Those numbers though are a head-scratcher for Toronto-based Kevin Muir, an independent proprietary trader. Investors like Stanley Druckenmiller, founder of hedge fund Duquesne Capital, and Rick Rieder, BlackRock Inc’s chief investment officer of global fixed income, have recently touted bitcoin.

 

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Time to buy, next year we will see giant bull run bitcoin History repeats.

Sounds like bitcoin is about to crash 😂

If can go from 500 to 20k then jump from 20k to 100k won't be unrealistic

The stage where people don't really know how/what/when/if is the stage when you heavily invest ...

Start here if you want to understand Bitcoin.

If you are reading this right now... I hope you attract something really great in your life. _

Bitcoin is like Pokémon cards for adults

“..cryptocurrency is a speculative asset rather than a store of value like gold....” So buy now?

Goodness, that's even worse than being on the gold standard.

Speculation is not investment. Bitcoin's intrinsic value is far less then it's current market price.

But iotatoken prices continue to languish :(

21000$

That’s going to be going downhill, everything is going to be going downhill.

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