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Bitcoin (CCC: BTC) got a hell of a boost on Monday, and some expert predictions claim the price could go higher

Today’s massive move for Bitcoin came after Tesla (NASDAQ: TSLA) announced a $ 5 billion investment in the cryptocurrency, and it also announced plans to accept it as a means of payment in the near future

Today, some crypto investors are wondering how much Bitcoin can be, so let’s look at some bitcoin price predictions to keep them in mind

Scott Minerd, Chief Investment Officer of Guggenheim Partners, expects Bitcoin prices to reach 600Will Reach $ 000 Here’s What He Told Forbes

“We have done a lot of basic research, considering the supply of bitcoin relative to the supply of gold in the world and the total value of gold if bitcoin went to such numbers that we had talk about 400000 to 600Now I’m not saying we’ll get there eventually, but that’s an indication of what might be fair value ”

Bridgewater Associates believes the price of Bitcoin will hit 85QCP Capital also mentioned this in a statement collected by CoinDesk

“Bridgewater’s article last week had a sensitivity analysis showing their estimates of the BTC price, if private gold owners switched to BTC they forecast that 50% of the gold capital would flow into BTC, resulting in a price of 85000 USD per 1 BTC would result in ”

Vijay Ayyar, Head of Asia Pacific at Luno, expects the price of Bitcoin to exceed $ 50He expects that Bitcoin will “slowly lose in the market capitalization of gold”

in the next few years

At the time of this writing, William White held positions (neither directly nor indirectly) in the securities referred to in this article

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BTC Price

World News – USA – Bitcoin Price Predictions: Where Is BTC Going After The Tesla Rally?