“Bitcoin Should Hit $400,000 Per Coin” – Guggenheim Partners + BlackRock on Cryptocurrency in 2021

In 2021, Guggenheim Partners and BlackRock are predicting that Bitcoin could reach as high as $400,000 per coin. This would be a massive increase from its current value, which is around $37,000.

The two firms believe that the cryptocurrency market is maturing and that this could lead to a major surge in the value of Bitcoin. They also believe that institutional investors will be the primary drivers of this growth, as they have become increasingly interested in the digital asset.

In addition, they think that the likes of PayPal, Square, and other major companies embracing cryptocurrency will help to drive up the price. They believe that these companies can help to make cryptocurrency more accessible and attractive to the masses, which could in turn help to drive the value of Bitcoin even higher.

It remains to be seen if Bitcoin will reach the heights of $400,000, but it is clear that the cryptocurrency market is continuing to mature and that institutional investors are taking note. As such, it looks like 2021 could be a major year for cryptocurrency, and one that could see Bitcoin reach new heights.

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