E 4 Experts Long-Term Predictions For The Cryptocurrency Market

The cryptocurrency market is known for its high volatility. This means it can significantly dip or surge massively within a short period. For instance, the market experienced a bull run in 2017 that pushed the price of many virtual currencies to an all-time high. In 2018, the famous crypto crash left most buyers with severe economic scathes. 

According to the BTC price chart, the most recent 2021, bull run has seen Bitcoin (BITCOMP) reach an all-time high of $64k. However, the market has dipped to $32k in just two months. Despite this drop, many BTC predictions forecast for the coin to hit 100k USD by the end of this year.

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What's the point here? Well, the crypto market has insane volatility, making it hard for investors, especially rookie traders, to predict short-term price movement. Luckily, some experts do all the leg work. They analyze the cryptomarket using fundamental, technical, and algorithmic analysis. They go a step further to share the forecast for public benefit. 

In this article, we will look at some predictions from top crypto experts. Let's get started. 

Bobby Lee

Bobby Lee is a popular name in crypto prediction circles. Why? Simply because his forecasts have come to pass.  For instance, the CEO and founder of Ballet wallet crypto predicted that Bitcoin prices would rally in late 2020, proliferate in early 2021 before peaking in December. At the time of the projection, Bitcoin was trading below $10000.

Well, unfolding has been pretty much similar to the predictions. The Bitcoin rally started in mid-2020 before reaching a new high at the beginning of 2021. In May, the price reached an all-time high, trading above $63k

Initially, Bobby Lee predicted the price would reach $333000 by December. Although he no longer stands with this forecast, he expects the price will hit $200000 by the end of the year.  According to Lee, institutional investors like Elon Musk will significantly contribute to the growth of Bitcoin value.  Companies like SpaceX will likely follow suit thanks to investor confidence. 

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 This article is not an investment advice.

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William K. 1 week ago Member's comment

I see bitcoin as an effort to destroy a big portion of how society functions, and deliver the power to a different group that I do not trust one bit to have any concern for my well being. Anarchists come in different forms and styles, and even different motivations. But every bit of it spells bad for everybody else.