A $100,000 Bitcoin Price In 2021 Is In Play

Bitcoin Magazine

The below is from the latest monthly report by the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

$100,000 before years end? It is not as crazy as it may sound, and here is why:

The reflexivity of a bitcoin bull market is truly something to behold. Following a “bubble top,” price draws down and consolidates for months/years, all the while more individuals come to understand the monetary attributes of bitcoin, companies continue building services on top of the protocol, more hash rate comes online to secure the network, and the Lindy effect continues to take hold.

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