Seems like Bitcoin is back in an uptrend after a 3-month correction following an ATH in May 2021. Ethereum is also finally back on its feet. But is it worth buying crypto at this point? Are we continuing the bull cycle, or are we looking at another downturn coming? Let’s investigate further:
Bloomberg sees early 2022 as BTC $100,000 point, whereas longforecast.com is less optimistic, their prediction being $59,115 by the end of the year.
Finder expects the price to rise just over $66,000. It also predicts total BTC dominance by late 2050, adding that it will become the world’s leading asset, leaving the American dollar behind. PlanB insists that in his view, BTC will reach a maximum of $450,000. The worst-case scenario, he says, will see it at $135,000 by the end of 2021. Naturally, the predictions aren’t exclusively about BTC’s potential growth. Quite a few sources are contemplating the possibility of an upcoming drop.
As for Ethereum, the opinions also split. The Forbes expert group sees its price double and reach $4,600 by the end of the year. Daniel Polotsky, the founder of crypto ATM operator CoinFlip, states:” Ethereum’s price largely follows bitcoin’s halving cycles, although that relationship may begin to decouple as time goes on, and as Ethereum continues to develop use cases that bitcoin cannot achieve. Its price may grow at a faster rate than Bitcoin’s.”
So, what are we to make of it? Among the multitude of numbers and opinions, it’s hard to tell which ones will turn out to be true. 2021 has been a rough year so far and will most likely prove a deciding one for both ETH and BTC. As we speak, investors and experts worldwide are keeping their fingers on the pulse for the latest updates. If you’re wondering whether you should buy or not, the only universal guideline would be to do it with care.