Buoyed by recent surge, some strategists see Bitcoin at $100k by 2021-end

Bitcoin’s surge has tapered off after hitting a record high on Wednesday, but some strategists see the next rally taking it to as high as $100,000 by the year’s end.

This week’s move to near $67,000 has traders watching to see how the landscape shifts, now that the first US Bitcoin futures exchange-traded funds are in play.

There are plenty of people projecting a gain to $100,000 by the end of the year, including BitMEX Chief Executive Officer Alexander Hoptner, who suggested that level in an interview with Bloomberg Television on Friday.

The largest cryptocurrency was up 0.6% to $63,077 as of 12:25