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Well-known analyst and crypto commentator, Willy Woo has recently given some bullish predictions on the leading crypto coin.
Many people are very excited for the leading cryptocurrency to reach $20,000 before the end of this year but that could be seen as just a dent in the grand scheme of things as bitcoin hitting $300,000 by the end of next year is “not out of the question“ according to the expert.
Over the course of 2020, bitcoin has been appreciating in value by more than 175%. In March, the coin was priced somewhere in the $3000 range but now, we are looking at $18,000/$19,000 at the least.
But the analyst believes that it still has more room for further gains for the coin.
The price point of $200,000 is seen as “Conservative“ to the analyst.
Views on 2021 (THREAD):— Willy Woo (@woonomic) December 1, 2020
My Top Model suggesting $200k per BTC by end of 2021 looks conservative, $300k not out of the question.
The current market on average paid $7456 for their coins. You all are geniuses. pic.twitter.com/5t1pHXwE0b
The analyst has been well known to be bullish over the past few weeks. He has even predicted that XRP, the token from the San Francisco company ripple, will have an exciting year despite having a lacklustre one in 2020.
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