Bitcoin prices will touch the six-digit zone or $100,000 or more per unit according to a number of analysts, at some point in the future. This price point has been predicted by a variety of experts and analysts including the stock-to-flow (S2F) proponent Plan B, financial analyst Peter Brandt, the popular crypto trader Theta Seek, Blockfyre’s Simon Dedic, and Morgan Creek CEO Mark Yusko.

There are a number of industry insiders, experts, and analysts who think the price of bitcoin (BTC) could easily reach $100,000 or more per coin. On June 4, 2020, Simon Dedic, the cofounder of crypto-analysis firm Blockfyre estimates that BTC will touch a high of $150K.

Dedic’s tweet forecasts a number of price predictions including BTC ($150K), ETH ($9K), LINK ($200), BNB ($500), VET ($1) and XTZ ($200). The Blockfyre cofounder is not the only crypto industry executive who thinks BTC will reach the six-digit price range at some point in the future.

Many analysts and experts have made the case for $100,000 per BTC at some point in the future.

On June 5, the popular trader Theta Seek told his 5,528 Twitter followers that BTC could touch $100K, but there needs to be $90M in investments per day. “At 100K per BTC, the market has to absorb a miner supply of $90 Million USD daily,” Theta Seek explained in his tweet.

“Assuming that there are 10 million people worldwide buying BTC on a regular basis. It would cost them each $9 daily to sustain those price levels. I’ve met people who spend more than $9 on coffee,” the trader added. Further, one person replied to Theta Seek and said: “When the price gets high there is a lot more supply than just miners.” The traders responded by stating:

Data suggests otherwise though, HODL-ers throughout the past 3 ATHs have not been selling in significant portions. 60% of BTC has not moved for more than 2 years. Even if that were to be true, the long term supply of BTC will eventually be equal to the mining (new) supply.

There have been many others who claim that it is possible BTC could touch $100K per coin. During a May 6, 2020 interview, the CEO of capital management giant Morgan Creek, Mark Yusko, explained that BTC could easily reach $100K in 2021 or 2022. During the discussion, Yusko also said BTC could reach $400 to $500K as well. Yusko stated at the time:

If we come to gold equivalence, meaning the market cap of Bitcoin equals the market cap of gold, which I think is perfectly logical, you could easily see that $400,000 to $500,000 price [at] some [point in time].

Even though the analyst and popular financial trader, Peter Brandt, recently tweeted that the Bitcoin halving was “grossly over-rated,” he has stated that BTC could touch six-digits as well. This was mentioned during Peter Brandt’s Crypto Update on December 5, 2019.