Bitcoin has been the star of 2020 despite the global crisis. Actually, this crisis seems to have pushed BTC to ATH along with massive institutional money pouring into the king coin.
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $24,828.36.
There have been all kinds of bullish BTC predictions, especially after the king coin managed to hit new ATHs.
Popular Bitcoin maximalist Hodlonaut just said that Bitcoin is the most undervalued asset in the world and dropped another bullish BTC price prediciton.
Check out his tweet below:
Does $600 BTC sound like an amazing buy?
It’s how cheap current price will look when we reach $1M BTC.
Bitcoin is the most undervalued asset in the world.
— hodlonaut 🌮⚡🔑 🐝 (@hodlonaut) December 25, 2020
More bullish BTC predictions are popping up
The online publication the Daily Hodl notes that executives of firms operating in the crypto space told Token Daily they believe that 2021 will be a big year for BTC.
The same online publication mentions Meltem Demirors, chief strategy officer of investment firm CoinShares, who expects Bitcoin to breach above $100,000.
Joey Krug, co-CIO of blockchain-focused investment company Pantera Capital also predict that BTC will be trading at $100,000 with Ethereum valued at $2,000.
Jason Lau, COO of crypto exchange OKCoin, just said that institutional players would race to buy BTC.
“Bitcoin institutional adoption will really pick up steam, dominate the news cycle, and drive prices higher. 2H 2020 was just a taste of what’s to come.”
The same online publication also mentioned that the CEO of Bitcoin-rewards platform Lolli, Alex Adelman, see more institutional adoption as he believes publicly traded companies such as Tesla will add BTC to their balance sheet.
“Su Zhu, founder and CEO of fund management firm Three Arrows Capital, takes it a step further and says a number of central banks will announce substantial positions in Bitcoin,” the same online publication notes.
2021 will probably be an extremely important year for Bitcoin and the whole crypto market.