Catherine Coley, CEO of Binance U.S., has recently predicted an extremely bullish outlook of Bitcoin. According to her, the whole crypto community is going to see an accelerated version of the 2017 bull run by 2022. She made this statement during an interview with a news outlet, KLTA, on Sunday, December 03, 2020.
Within a month, Bitcoin has reached from $19,000 to $34,000 and the reason behind this surge is the increase in the number of institutional investors.
Catherine Coley Eyeing an Accelerated Rally of 2017 Bull Run
While talking about this recent surge in price, Catherine Coley has mentioned that there will be an accelerated rally of the 2017 bull run. During that time, the Bitcoin price continuously increased for more than a year. She mentioned:
“Where maybe we thought maybe $50,000 made sense, this number is definitely going to be a little bit higher than that in my opinion.”
She believes that by the end of 2021, the Bitcoin price will reach around $75,000 to $100,000.
Other Crypto Players Giving Same Predictions
It is not only Catherine Coley that has given such bullish predictions about Bitcoin price, but there are also other crypto players as well who believe the same. Dan Held, growth lead at Kraken, has mentioned a lot of times that Bitcoin will be highly bullish in 2021. According to him, Bitcoin is having the potential to reach $1,000,000 in 2021. Back in the previous week, he predicted a massive surge in Bitcoin price due to the increase in user base and its adoption. With the recent surge to the $34,000 range, Bitcoin can make the headlines in one of the major news outlets, Financial Times. The way Bitcoin has been performing for the past few months is increasing the hopes of the crypto community especially the Bitcoiners.
— Financial Times (@FinancialTimes) January 3, 2021