Top 5 Bitcoin Price Predictions for 2021 and Beyond

Written by: Qadir AK

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Feb 24, 2021


Bitcoin is now a trillion-dollar asset after reaching a market capitalization of $1 trillion on February 19, 2021. The world’s first cryptocurrency continues to make its case as a legitimate asset, and its unique qualities of strong decentralization, predictable issuance dynamics, and limited supply are proving to be very attractive properties for investors.

For a brief period of time in March 2020, Bitcoin was trading below $5,000. Less than a year later, BTC is changing hands at over $50,000, showcasing the explosive potential of this cryptocurrency. This rally is being fueled by institutional investors such as Paul Tudor Jones, Ruffer Investment, MicroStrategy, Tesla and others making Bitcoin a part of their portfolio, bringing massive amounts of capital to the table.

While it’s clear by now that institutional investors are now part of the Bitcoin market, there’s still plenty of major players that haven’t (yet) made an investment in BTC. The prospect of institutional adoption accelerating further could mean that there’s still a lot more fuel left in the tank to drive this incredible Bitcoin rally even further.

In this article, we’ll be checking out 5 Bitcoin price predictions made by top investors and cryptocurrency experts. The common thread between these predictions is that there’s no shortage of highly bullish forecasts for BTC. As Bitcoin continues to climb higher, these predictions are starting to look much less outrageous and now seem increasingly likely to materialize.

1. Guggenheim CIO Scott Minerd – Bitcoin Should be Worth $400,000

Scott Minerd is the chief investment officer at Guggenheim Partners, an investment company that manages over $250 billion in assets. In December of 2020, when Bitcoin was trading at around $20,000, Minerd said that Bitcoin should be worth around $400,000, based on the cryptocurrency’s scarcity and its size relative to other assets such as gold. Minerd also supported this ambitious price target with the fact that the Federal Reserve is currently engaging in »rampant money printing«, which is making BTC a more attractive investment proposition. Here’s how Minerd explained the $400,000 figure:

»It’s based on the scarcity and relative valuations such as things like gold as a percentage of GDP. So, Bitcoin actually has a lot of the attributes of gold, and at the same time, has an unusual value in terms of transactions.«

2. Gold Bullion International co-founder Dan Tapiero – Bitcoin Can Reach Between $300,000 and $500,000

Dan Tapiero, the co-founder of Gold Bullion International, told popular cryptocurrency proponent Anthony Pompliano that he believes Bitcoin has the potential to reach a price tag between $300,000 and $500,000. While Tapiero said he thinks investors should own both gold and Bitcoin, Tapiero seems to be much more bullish on Bitcoin. His price range is based on a scenario where $15 trillion in capital flowed into the Bitcoin market. Tapiero described Bitcoin as a hedge against fiat currency devaluation, performing a similar function as gold. However, Bitcoin also has the benefit of being its own network, which gold doesn’t have.

3. Off the Chain Capital CEO Brian Estes – Bitcoin at $100,000 Is a Realistic Scenario

In November of 2020, when Bitcoin was still trading below $20,000, Off the Chain Capital CEO Brian Estes said that Bitcoin hitting $100,000 within one year would not be too surprising, as the cryptocurrency has delivered much bigger gains in the past. Estes predicted that by the end of 2021, Bitcoin would be trading between $100,000 and $288,000 based on a stock-to-flow model that forecasts Bitcoin’s price. Given that Bitcoin is trading at $50,000 at the moment and we’re only in February, Estes’ prediction does not seem outrageous at all.

4. Anthony Pompliano – Bitcoin Will Hit $100,000 By End of 2021

Anthony Pompliano is one of the most popular individuals in the Bitcoin community, and hosts The Pomp Podcast, a podcast series where he brings on prominent guests from the world of cryptocurrency and finance. As a relentless promoter of Bitcoin, it’s not surprising to see that Pompliano has a very bullish outlook for the future of the top cryptocurrency. In November of 2020, Pompliano predicted that Bitcoin will be trading at $100,000 by the end of 2021. Here’s how Pompliano explained his prediction:

»If you even look at things like Janet Yellen becoming the treasury secretary, she’s notorious for kind of being OK with higher levels of inflation, the Federal Reserve targeting over 2% inflation for a sustained period of time. And so, I don’t think it’s that crazy to see a $100,000 Bitcoin price by the end of 2021.«

5. Tim Draper – Bitcoin Will Reach $250,000

Tim Draper is an United States-based investor that’s known for being extremely bullish on Bitcoin. Draper, who invested early in companies such as Tesla and Skype, said in 2018 that Bitcoin would hit $250,000 by the end of 2022. Draper’s prediction was based on the Bitcoin halving, in which the BTC reward received by miners is dropped by 50% every 4 years. The third Bitcoin halving happened on May 11, 2020, and Draper’s prediction, which seemed completely outlandish at the time, now seems to be within the bounds of reason. Draper remains confident in the prediction, even though he made it almost three years ago – in April of 2020, he doubled down on the forecast of BTC at $250,000 by end of 2022.


With the current macroeconomic environment and the growing institutional adoption of Bitcoin, it seems very difficult to estimate just how high the price of BTC could go. This task becomes even harder considering that Bitcoin is now trading close to its all-time highs, meaning that we’re in uncharted territory. Are the predictions listed above too optimistic or do you think that Bitcoin can indeed reach a six-figure price tag in the next few years?

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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