Bitcoin Hits $10k - Is the $100k BTC Journey Underway?

On the 9th of February, the price of bitcoin finally surpassed the $10,000 mark. Not only is this a great thing for many investors and traders, however, but it also broke its key psychological level and in doing so, reached its highest point since October 2019.

However, too many, the $10,000 mark is just the beginning before the king coin gets much higher to a significant price range. The co-founder and partner at Morgan Creek Digital, Anthony Pompliano is one that believes the price has the potential to hit $100,000 by the end of 2021. This is due to an increased demand but with a limited supply.

“Bitcoin just hit $10,000. I still think that Bitcoin will hit $100,000 by end of December 2021.

Fixed supply. Increasing demand. Time will tell.“

This has been some pretty significant news to the holders of bitcoin as one popular crypto commentator on Twitter, Willy Woo spoke at the end of last week on the matter saying:

“This breakout is the real deal. Fundamental investment activity is backing this $10k breakout.” 

In fact, other big prominent members of the cryptocurrency space have given their beliefs in regards to the future of the leading cryptocurrency. This includes the co-founder and CEO of BitMEX, Arthur Hayes. He said on Twitter:

Nothing can stop me, I’m all the way up! Slow and steady wins the race. Let’s take the staircase up to #bitcoin $20k. pic.twitter.com/n90QN0vZ7k

— Arthur Hayes (@CryptoHayes) February 9, 2020

It will be interesting to see where the coin goes in the future. If it hits $100,000 in 2021 who knows how the world will react. Mainstream adoption will almost certainly be in our hands or at least just around the corner.

At the time of writing, the leading cryptocurrency is priced at $9,786 following a 3.15 decrease in value over the past 24 hours. For more news on this and other crypto updates, keep it with CryptoDaily!