Investing
Bitcoin Revival Unleashes Animal Spirits and $300,000 Forecast
- Fundstrat dusts off projections of Bitcoin rising to $25,000
- Citigroup causes a stir with $300,000-plus estimate for 2021
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Bitcoin mania is back and with it, the return of sky-high predictions from celebrity crypto fund managers to Wall Street stalwarts of where it can go next.
The world’s largest digital currency is in the midst of an exuberant rally that this week saw it cross above $18,800 for the first time in almost three years. Strategists and crypto fans alike are now rushing to project its next never-before-seen heights. Outside of the eternal to the “moon” pronouncements from Twitter pundits, forecasts vary from $25,000 to more than $300,000 by the end of next year.