Institutional adoption, US government overspending and future economic stimulus packages are just a few reasons why analysts believe Bitcoin price is on the path to $100,000.
Excessively high price estimates for Bitcoin (BTC) are more common than not in this industry. However, many analysts and investors believe that Bitcoin can rally to $100,000 within the next 12 months. Matt Hougan, chief investment officer at Bitwise, also believes that Bitcoin will rally above six figures.
Source: Matt Hougan
Let’s take a look at data that supports a Bitcoin price run to $100,000 and above.
