Bitcoin (BTC) Targets $225,000 By End Of 2021
There have been all kinds of optimistic predictions in the crypto space lately and great achievements for some projects as well.
For instance, Ripple and the digitals asset XRP have been making headlines following the great annocuement that Ripple teamed up with Bank of America.
A few days ago, the Ripple community and XRP army of fans celebrated the confirmation of great news.
Ripple’s Swell conference turned out to bring some pretty interesting news. During a presentation, there were revealed details that promoted Ripple’s partnership with Bank of America.
Bitcoin to hit $225k by the end of the next year
Bitcoin has been seeing some pretty great predictions these days, and the price trajectory is also great for the king coin.
At the moment of writing this article, BTC is trading in the green, and the coin is priced at $11,785.11.
Now, it’s been revealed that Bitcoin bull and Morgan Creek Digital Assets co-founder Anthony Pompliano mapped out some reasons for which he believes BTC could reach $225,000 in just over a year.
He revealed some macro factors that could boost the price of the king coin.
“The Federal Reserve has cut interest rates to 0%. They plan to keep us in a zero-rate environment for the foreseeable future. Multiple stimulus packages in 2020 now total more than $3 trillion in QE. We have another $2 trillion on the way…” he said.
An increased demand for BTC
He continued and explained that “The combination of the Fed’s asset price manipulation and inflation fears has driven gold and Bitcoin to drastically outperform equities and other commodities.”
He also highlighted the fact that Wall Street has “woken up to the Bitcoin trade,” which Pompliano says has increased demand for BTC.
We recommend that you check out the original podcast in order to learn more details about Bitcoin’s next bull run case.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.