Welcome to our CryptoMonday weekly review of week 03. As usual, there was a lot to report this week and so it is not surprising that we can again come up with a whole range of interesting news.
Our topics this week range from the Ethereum and Bitcoin trend forecast 2021, the bitter loss of BTC in the millions of the former Ripple CTO, the astronomical Bitcoin price forecast by Guggenheim and why according to Fundstrat the Ethereum price could reach 10,500$.
And of course, that was far from all! But that’s enough of the preface. Have fun with our CryptoMonday weekly review!
Let us know what the most exciting or important events were for you this week and discuss them with our community on Telegram.
Bitcoin and Ethereum trend forecast for 2021 according to Crypto.com analysis
Crypto Legacy reviewed the cryptocurrency highlights of 2020 in its annual market review. Most importantly, it is interesting to see what the Bitcoin and Ethereum forecast is for this year.
The report also makes some predictions regarding cryptocurrency trends in 2021, most interestingly what conclusion the analysis has come to regarding the development of leading cryptocurrencies Bitcoin and Ethereum.
Bitcoin at 400,000 USD? Guggenheim CIO sticks to his BTC forecast
In a video uploaded by Bloomberg Markets and Finance, Guggenheim’s Chief Investment Officer Scott Minerd stood by his prediction that Bitcoin could rise to a price of $400,000.
„I think one thing we’re seeing is the sudden interest from private investors,“ he said, echoing a popular interpretation of Bitcoin’s current market state. He added, „We’re moving into a speculative frenzy… Maybe it’s time to take some money off the table here,“ echoing a tweet written four days earlier.