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$100,000 in 2021: Opinion of More Than 30% of Santiment Respondents Regarding Bitcoin

Mon, 07/19/2021 - 11:02
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Alihuseyn Gulu-Zada
According to a poll by analytics platform Santiment, Bitcoin will reach $100,000 in 2021
$100,000 in 2021: Opinion of More Than 30% of Santiment Respondents Regarding Bitcoin
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Analytical center Santiment published an interesting poll regarding Bitcoin's current market situation.

Will Bitcoin surpass $100,000 in 2021?

The topic of the poll was in an interesting context; namely, Santiment asked users when Bitcoin would break the $100,000 mark. This Twitter poll instantly gained the attention of a wide audience—in particular, representatives of the crypto community.

As for the survey, respondents were offered four options: in 2021, 2022, 2023 or later, or Never.

Negative Bitcoin Sentiment on Twitter Now May Lead to Price Upswing, Catching Crowd Off Guard: Santiment

The crypto community is optimistic

The results turned out to be interesting. At the time of writing, more than 30 percent of respondents said the price of the flagship cryptocurrency will cross the $100,000 mark this year.

Almost 20 percent think the price of the first cryptocurrency will not hit the $100,000 mark until 2023 or even later.

Skeptics were also found. The fourth option, "Never," was chosen by 11 percent of respondents.

The poll was also a subject for discussion. Users shared their thoughts about the current market situation and the fate of the first cryptocurrency.

Santiment BTC Price

Historical context

It should be noted that Bitcoin value forecasts are regularly discussed on various forums, as well as in specialized communities. This is done not only by those who already have this digital asset in their investment portfolio but also by those who want Bitcoin but are scared to take the plunge.

Recall that during its nearly 10-year history, the first cryptocurrency has never fallen in price significantly. On the contrary, it has shown overall positive dynamics.

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On Monday, July 19, the price of Bitcoin as a whole continued its decline. At press time, the first cryptocurrency is trading at over $31,000.

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About the author

Alihuseyn graduated from Yale University with a focus on linguistics and philosophy. He has worked as a journalist-analyst for Trend News Agency. At the same time, he is an academically trained singer (baritone) and a composer. Alihuseyn has been involved in cryptocurrency and blockchain since 2017 and is an enthusiast in this field, considering blockchain technology revolutionary and capable of changing society. In this area, he has written several theoretical and analytical pieces.