RATE Group | Bitcoin Price to Make New High By Early-2021, Investor Declares
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Bitcoin Price to Make New High By Early-2021, Investor Declares

02 Oct Bitcoin Price to Make New High By Early-2021, Investor Declares

Posted at 13:33h in Bitcoin News by

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According to Ikigai’s Travis Kling, Bitcoin bulls might not need to wait long for the leading cryptocurrency to establish a fresh all-time high.

Related Reading: If In Doubt Zoom Out, Bitcoin Profitable Days Still at 91.5%

In a recent interview with Yahoo Finance, the former Point72 portfolio manager argued that by late-2020 or early-2021 — around 18 months from now — the Bitcoin price is likely to have surmounted $20,000 for the first time ever.

New Price Highs By Early-2021?

Kling’s prediction may seem like a stretch in and of itself to cynics of the cryptocurrency industry, but a number of fundamental trends seem to back the idea that Bitcoin will see increased demand in comparison to its inflation. NewsBTC will lay out three.

First, the world’s institutions continue to push towards unorthodox monetary and fiscal policies — something that Kling says only…

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