Bitcoin bombshell: Crypto king may pole vault to eye popping $400k mark this year with over 6x growth

Existing and potential crypto investors have been contemplating round the clock about how far would Bitcoin go from around $60,000 in the current bull run. There has already been nearly a 9x jump from $6,800 as of April 12, 2021. However, according to a Bloomberg study on crypto outlook for 2021, Bitcoin may climb (over sixfold) up to $400,000 in 2021 mirroring the bull run of 2013 and 2017. “Our graphic depicts Bitcoin on similar ground as the roughly 55x gain in 2013 and 15x in 2017. To reach price extremes akin to those years in 2021, the crypto would approach $400,000, based on the regression since the 2011 high,” according to the April 2021 edition of Bloomberg Crypto Outlook 2021.