Bitcoin price prediction: 4 experts discuss their BTC outlook

Bitcoin’s (BTC/USD) recent gains have been nothing short of spectacular. It passed $60,000 on Friday and will keep gaining in the coming week in light of an increasing likelihood that the first Bitcoin ETF will become fact soon. Invezz talked to four experts about the reigning champion of crypto’s outlook.

Gregory Klumov, STASIS CEO: Bitcoin has reached its ‘development ceiling’

Gregory Klumov, CEO of EXANTE’s sister company, says that Bitcoin's share of the cryptocurrency market has dropped because investors have turned their attention to other projects. He doesn’t find this surprising as the search is on for third-gen blockchain compatible technologies, while Bitcoin has only a simple decentralized ledger. He says: 

These comments seem to contradict his prediction that BTC would hit $100K by the fall of this year. Does he still hold a $100K price target? Greg responded:

Pankaj Balani, Delta Exchange CEO: Bitcoin will be volatile no matter what

The CEO of Delta Exchange pointed out that Bitcoin has been rallying on expectations of approval of a futures ETF as soon as tomorrow. He commented: 

Simon Peters of eToro: Patience will pay off

Simon Peters, crypto asset analyst at eToro, concedes that the most recent Bitcoin price spike was mainly triggered by growing confidence that SEC will approve the launch of a Bitcoin-based ETF. He says:

Will Morris of GlobalBlock: A peak at $65K will be the ‘next resistance level’

According to Will Morris, sales trader at the UK based digital asset broker GlobalBlock, drew attention to the view that Bitcoin would need to break the $59-60k level in order to enter an extremely bullish phase, adding: