2021 Outlook on cryptocurrency

But does this mean you should buy?

With such rosy predictions, does the panel think that it’s time to buy, sell or hodl? Unsurprisingly, about half (48.48%) of panellists think that you should consider buying Bitcoin, with 2 in 5 (39.39%) saying that holding is the prudent move and just over 1 in 10 (12.12%) advising that you should consider selling Bitcoin.

The panel is similarly bullish on Ethereum, with almost three-fifths (59%) recommending that you consider buying ETH, a little over a quarter (28%) saying hold and just 13% saying that you should consider selling. While the year-end highs for ETH aren’t predicted to be as lofty as BTC, with the panel predicting that ETH will finish the year at $4,512, almost three-quarters (72%) think that ETH will hit 5 figures by 2025.

Sarah Bergstrand, the chief operating officer for BitBull Capital, is the highest on ETH, saying that it’ll end 2025 at the US$100,000 mark, thanks in part to upgrades to the network.

“We are likely to see major upgrades to the Ethereum network this year, and those can be expected to push the price higher,” Bergstrand said. “In the long term, only coins with strong communities and proven use cases are likely to retain value and remain relevant. Others are only good to keep in the short term, during a bull run.” 

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