Following a strong 2020, crypto is predicted to continue to surge in 2021. Notwithstanding the current dip, Bitcoin and Ethereum had both been hitting all-time highs in what seemed like every other week. As the market undergoes a correction, what will the rest of 2021 hold for Bitcoin, Ethereum and other cryptocurrencies?
Finder surveyed 35 financial experts to answer this question. Their virtual consensus: It looks like it’s going to be another solid year on the whole, especially for Bitcoin, with the panellists believing that Bitcoin will end the year at an average price of US$94,967, according to the latest edition of Finder’s Cryptocurrency Predictions Report.
That figure is a far cry from the average of US$51,951, which the panel forecasted for Bitcoin at the end of 2021 back in December 2020.
Not only that, but the panel thinks that BTC could crack US$100,000 before the end of the year. On average, the panel thinks the digital currency will peak at a whopping US$107,484 at some point during 2021.
Samantha Yap, the founder and CEO of YAP Global, is one panellist predicting that Bitcoin will end the year at around US$100,000, saying that institutional adoption will continue pushing this bull run forward.