Bitcoin Tests $10,000, ‘Halving Dump,’ $1M BTC Predicted: Hodler’s Digest, May 4–10
The big question now is whether that “fear of missing out” remains, whether Bitcoin can bounce back, and whether crypto executives, such as Decred Founder Joseph Young, believe prices will “roughly double” in the short term. At the end of the week, Bitcoin is at $8,747.34, Ether at $189.88 and XRP at $0.19.
Morgan Creek CEO Mark Yusko believes Bitcoin’s price will shoot up by more than 1,000% as early as next year — adding that, if BTC’s market cap achieves the same value as that of gold, Bitcoin could soar beyond $100,000 at some point between 2021 and 2022. That forecast was echoed by Pantera Capital Founder and CEO Dan Morehead, who said there’s more than a 50/50 chance that Bitcoin goes up “and goes up big” — with $100,000 possible by August next year.