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2021-09-02 08:04:23
British analyst and co-founder of analytics firm Northstar & Badcharts – Kevin Wadsworth – expects BTC to trade at $100,000 before the end of 2021. The CEO also stated that Bitcoin has could exceed the $1 million mark by 2025.
The bull market hasn’t peaked yet
In an interview with Kitco News, Mr. Wadsworth shared a rather optimistic vision of Bitcoin and the cryptocurrency industry. Based on the company’s own chart reviews, he forecasts that the bull market is likely to peak in the next few months:
“I think the crypto market will have new highs before the end of the year.”
Talking about Bitcoin, Mr. Wadsworth believes Bitcoin will increase in “September, October and November” with the expectation that the milestone of USD 100,000 will be conquered. Some top altcoins like Ethereum could also be x3-x4 from current prices which is possible.
“For me, Bitcoin will peak at $100k, more is better. And if we see Bitcoin at $100,000, I expect altcoins – Ethereum and the rest – to triple or quadruple.”
The list of people with a $100,000 Bitcoin vision continues to grow. Including prominent names such as Jordan Belfort aka The Wolf of Wall Street, Tom Lee – Managing Partner at Fundstrat Global Advisors, Adam Back – Managing Director at Blockstream.
It is worth noting that even Peter Schiff – one of the biggest BTC anti-fans – believes that Bitcoin can climb to this unimaginable price. Despite holding a negative view, the economist still admits that not buying BTC in 2011 for him was a “serious mistake“.
Bitcoin 1 million USD?
Based on analysis by company Northstar & Badcharts, does Kevin Wadsworth paint an even more optimistic future for Bitcoin: $1,000,000 in the next four years? He also ensures that Northstar & Badcharts analytics have a 90-95% success rate at predicting similar price events:
“No wonder Bitcoin will be worth $1 million by 2025.”
In the short term, Mr. Wadsworth is in a state of “cautiously bullish market“. For him, a break above $51,000 is very important. Otherwise, Bitcoin could drop to $25,000 before starting to rise again.
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