This crypto figure is optimistic, Bitcoin price will reach US$ 100,000 by the end of 2021
However, according to a model-based prediction by PlanB, a pseudonymous analyst from the Netherlands, Bitcoin price could reach US$ 100,000 before the end of 2021.
British banking giant Standard Chartered also noted in a recent report, the price of Bitcoin will peak in late 2021 or early 2022 by breaking through US $ 100,000.
“This is a wrong (Bitcoin price) drop,” said Nick Spanos, an early adopter and well-known figure in the crypto world, currently based in El Salvador, as quoted by The Independent.
The major financial institutions and media said, (the decline) was because there was a bumpy launch in El Salvador. I'm in El Salvador now, and everything looks spectacular."
On Tuesday, El Salvador passed a new law making Bitcoin legal tender in the Latin American country.
“Bitcoin prices could even come back (up) next week. I still expect Bitcoin to break $100,000 by the end of the year," said Spanos.
"Buying more altcoins and Bitcoins now, since there's basically a fire sale on the downside, will almost certainly prove to be a good move," he added.
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