Forecast: Bitcoin Price To Reach $ 100 By The End Of 000

Forecast: Bitcoin Price To Reach $ 100 By The End Of 000

The head of the New York-based research firm Chainalysis, Michael Gronager, who is also the co-founder of the Kraken crypto exchange, said that, according to him, Bitcoin will surpass the $ 100 thousand level by the end of this year. Gronager believes that cryptocurrency number 1 is in a phase of price growth - thus, he solidified himself with a similar thesis, which was previously put forward by the head of Kraken Jess Powell.

As a reminder, Powell also stated in August that:

"We are expecting $ 100K or more for bitcoin this year and early next year."

And Gronager put it this way:

"I think we will be able to see levels above $ 100K by the end of this year, so I am optimistic [as is Powell]."

Speaking about the longer term, Gronager made it clear that he sees a huge potential for the price growth of bitcoin, and he is not even ready to say at what figure of its value cryptocurrency No. 1 could stop.

Kevin Wadsvoort of Northstar & Badcharts, analyst Jordan Belfort (also known as Wolf of Wall Street), head of Blockstream Adam Black, and expert Florian Grummes announced earlier that Bitcoin will rise beyond the level of 100 thousand dollars.

The statement of the head of Chainalysis is noteworthy that the services of this company for the study of transactions that occur on the blockchain are used by various departments of the American government.

Gronager's opinion also echoes what Bloomberg analyst Mike McGlone thinks about the future price trajectory of bitcoin. According to him:

"We see bitcoin heading towards the $ 100K mark ... the market has gone through a very strong correction, and now we are seeing that the cryptocurrency market is likely to follow the path of a positive market environment."

McGlone links his forecast to the fact that demand for bitcoins is outstripping supply, and the phenomenon of cryptocurrencies is increasingly being integrated into the world of global finance.

From the point of view of technical analysis, trader Josh Rager believes that Bitcoin can easily rise to the level of 55 thousand dollars in the foreseeable future.