According to the President of Colombia Fintech, the forecasts for the Bitcoin price are positive

The forecasts for the Bitcoin price are positive, according to the President of Colombia Fintech, Erick Rincón Cørdenas. This was stated in a publication by Colombia Fintech in which he noted: Several analysts have forecast the price at $ 100,000 (for 2021); however, its variation in the last few days has been influenced by macro pressure affecting the projection ”.

Also, said Erick Rincón CárdenasÂ,  The network is strengthened with Taproot and Schnorr companies, which can have a positive effect on the price.

In this context they also quoted To the director of the Bitcoin Colombia Foundation, Carlos Mesa, who mentioned in a Bloomberg publication that there are several predictive models in the world of cryptocurrencies. At the end of the year you will see prices between 180,000 USD and 350,000 USD (stock-to-flow) or, for example, a range between 80,000 USD and 120,000 USD (dminishing returns).

According to the President of Colombia Fintech, the forecasts for the Bitcoin price are positive
According to the President of Colombia Fintech, the forecasts for the Bitcoin price are positive

With the whole cryptocurrency issue, it is very difficult to know for sure what will happen next, there is a lot of uncertainty in the market in general about some of the regulations that the SEC is trying to make such as China and European countries (…). In the long run, cryptocurrencies will keep rising as it is a technology that will stay. Personally, I think we’ll likely see a bitcoin between $ 80,000 and $ 120,000. I don’t know if it will be the end of this year, but it may be the next, Mesa concluded.

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