Crypto survey puts bitcoin at $36 600 in 2021

Written by Ciaran Ryan. Posted in Journalism

That’s another 90% gain on top of the 190% gain for 2020. But Ethereum’s the cryptocurrency to watch next year, according to a survey. From Moneyweb.

The total market cap of all stablecoins stood at nearly $24bn in November, up 360% from the $4.8bn at the start of the year. Image: Bloomberg
The total market cap of all stablecoins stood at nearly $24bn in November, up 360% from the $4.8bn at the start of the year. Image: Bloomberg

Bitcoin’s price is expected to hit $36 602 in 2021, and ether is forecast to reach $1 451, extending its phenomenal 340% sprint so far this year.

This is according to the latest Kraken Crypto Sentiment Survey for the second half of 2020. Kraken is one of the world’s largest crypto exchanges.

This is not always an accurate picture of how the market plays out.

When the same survey was conducted in the first half of 2020, Kraken investors forecast a price target of $22 866 for bitcoin (it is now about $19 145) and $810 for ether (this week trading at $583).

Ciaran Ryan

The Writer's Room is a curated by Ciaran Ryan, who has written on South African affairs for Sunday Times, Mail & Guardian, Financial Mail, Finweek, Noseweek, The Daily Telegraph, Forbes, USA Today, Acts Online and Lewrockwell.com, among others. In between he manages a gold mining operation in Ghana, and previously worked in Congo. Most of his time is spent in the lovely city of Joburg.