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<\/p>\nWith the BTC price above $38,000 on Friday (January 15), prominent crypto analyst Josh Rager thinks \u201cBitcoin sees a six-figure price by early 2022.\u201d<\/p>\n
According to\u00a0data by TradingView, as of 09:35 UTC on January 15, on Coinbase, Bitcoin is trading around $38,469, up 0.7% in the past 24-hour period. So far in 2021, BTC-USD is up 32.77%. <\/p>\n
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Crypto analyst Josh Rager,\u00a0who is also a co-founder of online crypto learning platform\u00a0Blockroots, as well as an advisor to several blockchain startups, is generally quite conservative when it comes to price targets, but Bitcoin\u2019s recent price action has him beieving that the Bitcoin will get to $100K by early 2022. <\/p>\n
Popular crypto analyst Lark Davis also believes that the Bitcoin price will reach $100K, but he thinks it will happen before the end of this year.<\/p>\n
In a video released today on his YouTube channel, Davis said:<\/p>\n
\u201cThe options markets are currently pricing in a 20% chance that Bitcoin will hit $50,000 by the end of January\u2026 <\/p>\n
\u201cHow do we actually get to a $50,000 Bitcoin? Where all those new buyers going to come from? Well, I\u2019m glad that you asked because the Bitcoin supply crisis is continuing with just no end in sight\u2026<\/p>\n
\u201cThe supply issues though are already starting to hit some of these smaller exchanges. eToro, for example, is now warning users that crypto trading is going to start being limited over the weekends due to a surge in demand on the platform, and their inability to source enough crypto to meet that demand\u2026<\/p>\n
\u201cThat\u2019s just insanely bullish news for cryptocurrencies \u2014 that\u2019s incredible, guys. The demand is just so freaking high right now that some of these smaller exchanges can\u2019t even get their hands on crypto quickly enough to meet their customers buy orders\u2026 That is bullish without a doubt\u2026.<\/p>\n
\u201cWill we see 50K by the end of January? It\u2019s not the most likely scenario, but that price point only really becomes relevant, though, if you\u2019re going to be trading it. For the stackers, just keep stacking, enjoy the price going up, obviously, but $50,000, it\u2019s really not that crazy\u2026. 100k minimum by the end of the year though.<\/p>\n
https:\/\/youtube.com\/watch?v=LrcScKUfzEw%3Ffeature%3Doembed<\/p>\n
Veteran global macro investor Dan Tapiero talked earlier today about how his 16-year-old daughter had just buying Bitcoin using the PayPal app. Tapiero believes that investing by stacking sats will become popular with Gen Z. <\/p>\n
On Thursday (Jan 14), Mati Greenspan, Founder of FinTech and crypto consultancy\u00a0Quantum Economics, noted that \u201cthe correlation between Bitcoin and the USD is now -0.15, its lowest reading in history.\u201d<\/p>\n
For those who are super bullish on Bitcoin and think that its price could go much higher than $100K by the end of 2021, crypto derivatives exchange Derbit yesterday delivered good news by announcing that it is now offering BTC call options (31 December 2021 expiry) with a strike price of $400,000.<\/p>\n
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