The claims of the well-known cryptocurrency analyst Willy woo continue. Based on the data you have collected, you have now built a model in which you predict that we may see the price of Bitcoin as high as $ 300,000 by the end of 2021.
For Woo, there are several parameters to consider and he has developed charts that illustrate the correlation between the price of BTC and the BTC held on exchanges by users who engage in spot trading, and how they are more inclined to place orders for longer periods.
Willy Woo and his bitcoin analysis
Another piece of data that Woo examines is the relationship between the market capitalization of bitcoin and the dollar, which has increased significantly over time: this value was 2 dollars in 2012, 2.50 dollars in 2017 and could reach 3.50 dollars or more in December 2021.
If we also consider that recently more and more institutional investors have entered the market and continue to buy Bitcoin with the long-term goal, we can understand how they have a much longer vision than traders who are looking for small profits.
This consequently leads to a reduction in the circulation of assets on the different platforms, because if institutional investors have a long-term vision, at least 10 years, it is understandable that nobody sells anything and getting bitcoin will become increasingly difficult in the futureNot only because there will be the usual halving events, but because the headlines will remain unsold.
With all these parameters and situations analyzed, it is conceivable, according to Willy Woo, that the asset could reach $ 300,000.
Just hours ago, actress Lindsay Lohan also said that Bitcoin could be worth $ 100,000 by the end of the year, although her assumption is not supported by actual studies, but probably just a clickbait video on demand.