Sunday, February 28, 2021

Bitcoin Price Could Easily Jump to $200,000 within 2 Years –BTC Educator Gives Reason

A Bitcoin Educator has some hours ago evaluated the prospect of the BTC in terms of price. After quantifying the outcome of his evaluation, he averred that Bitcoin price could easily jump to $200,000 in a matter of years.

There have been lots of great predictions regarding the trend of Bitcoin price. Some Bitcoiners were part of the first generation of the first cryptocurrency. They invested with hope and courage. The majority of them are the ones referred to as Bitcoin Whales today.

Many of them acquired BTC in large quantities when it was priced below $1. At a point, some sold their bags of Bitcoin when they noticed a reasonable profit, while some stayed put until now.

Whereas, many Bitcoiners of the present generation accumulated when BTC was trading above 4-digit prices ($1,000 to $9,000).

Also, some BTC investors of this present day are still at a great deficit, considering the fact that some came in with the FOMO of 2017/2018 Bull Run when BTC recorded its all-time high at $20,000.

So, before the Bitcoin investors of this generation could have the means to record notable rewards as much as the first adopters, they need to wait until its price hits $100,000 and above without price retraction. Could we conclude that some joined a little too late?

Bitcoin Educator Says BTC Could Easily Jump to $200,000 within 2 Years

A Bitcoin Educator identified on Twitter as The Moon has made a huge prediction for the price trend of BTC. Such huge predictions are only known with Bitcoin maximalists such as Anthony Pompliano, Tim Draper, Thomas Lee and others alike.

In The Moon’s Sentiment, he considered the BTC inflation of 3.6%, which is expected to be 1.8% after the much-anticipated halving.

He said this is less than the 2% inflation-target recognized and adopted by most central banks across the world. This particular point made him believe that the BTC price could soar to $200,000 within 2 years.

He shared this, “The Bitcoin inflation is now 3.6% & will be 1.8% after the halving. That’s officially lower than the 2% inflation-target adopted by most central banks. This is actually HUGE! The BTC price could easily jump to $200,000 within 2 years!”

Bitcoin (BTC) Price in the Market

The price of Bitcoin, the largest cryptocurrency by market capitalization has struggled to hold $10,000 as support for a number of times in the past few days.

Bitcoin halving is around the corner. Some crypto analysts believe that the present state of the digital currency won’t stand as a negative effect of the expected after-halving significant and positive price trend.

For such to play out as envisaged, only time will tell. At the time of writing, BTC is trading at $9,774.74, with a 0.82% price downtrend in the last 24 hours.

Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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