Bitcoin Price Prediction: Why Bitcoin Could Rocket To $400,000 In 2021 – Forbes

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Bitcoin has soared so far this year, climbing to a price of around $60,000 and helping the broader cryptocurrency market hit an eye-watering $2 trillion.

The bitcoin price has soared by around 400% since its latest bull run began as long-awaited institutional adoption started to materialize and Tesla billionaire Elon Musk whipped the crypto market into a frenzy.

Now, with many bitcoin and crypto analysts trying to call where the market top will be, a Bloomberg analyst has predicted the bitcoin price could hit $400,000 this year—even as Musk seems more interested in “joke” bitcoin rival dogecoin.

MORE FROM FORBESBillionaire Mark Cuban Reveals Why He Thinks Ethereum Will ‘Dwarf’ Bitcoin As Crypto Market Price Hits $2 Trillion

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