Catherine Coley, CEO of main crypto alternate Binance’s U.S. arm, sees the present Bitcoin bull run as an indication the crypto asset might attain a worth as much as $100,000.

Chatting with information outlet KLTA yesterday, Coley said the latest rally within the worth of Bitcoin (BTC) — transferring from $19,000 to greater than $34,000 in lower than a month — could also be resulting from a surge within the variety of institutional traders taking an curiosity within the crypto asset. She added that the crypto house may very well be seeing an “accelerated” rally primarily based on what occurred previous to the 2017 bull run, during which the BTC worth surged greater than a 12 months after the rewards halving in July 2016.

“The place perhaps we thought perhaps $50,000 made sense, this quantity is certainly going to be slightly bit greater than that for my part,” stated Coley. “I believe we’re going in the direction of $75,000 to $100,000 for Bitcoin by the tip of 2021.”

The Binance.US CEO just isn’t alone in her bullish predictions for the approaching 12 months. Dan Held, crypto alternate Kraken’s progress lead, has been saying since final 12 months that Bitcoin may very well be getting into a “supercycle” in 2021 ultimately driving the value to $1,000,000. In a video posted to his YouTube channel final week, Held predicted the value of Bitcoin would transfer far more than a “100x enhance” primarily based on rising adoption of the crypto asset.

The present bull run has additionally caught the eye of main information shops. Bitcoin made the entrance web page of U.Okay. primarily based worldwide enterprise newspaper Monetary Occasions for Jan. 4:

On the time of publication, the value of Bitcoin is $33,410, having risen 4% within the final 24 hours.