Adam Back Expects Bitcoin to Reach $100,000 by Year-End Despite Recent Dip

Star real estate agent, writer and TV personality Ryan Serhant has suggested that 50% of real estate transactions will be conducted using cryptocurrencies in the next five years. Ryan Serhant, host of Million Dollar Listing New York, who has sold over $ 1 billion in real estate, said there has been a "boom" in the virtual real estate market this year. 

Bloomberg Intelligence analyst Mike McGlone has once again expressed confidence that the Bitcoin rate is preparing to march to $ 100,000. 

The American Time magazine has named Ethereum co-founder Vitalik Buterin as one of the 100 Most Influential People in Innovation of 2021. Along with Buterin, Time's innovators include Nvidia CEO Jensen Huang and Tesla and SpaceX CEO Elon Musk. 

Pantera Capital CEO Dan Morehead believes that the launch of the second version of Ethereum will help ETH surpass BTC and become the largest cryptocurrency. 

John Danielsson argues that Bitcoin's continued growth will cause serious inequality in society and lead to a dystopian future. An economist at one of London's leading universities said that if Bitcoin and other cryptocurrencies continue to rise in price, inequality in society will increase. Director of the Center for Systemic Risk at the London School of Economics, Jon Danielsson, published a column for the VoxEU Center for Economic and Policy Research titled "What Happens If Bitcoin Succeeds?"

Analysts at investment bank RBC Capital Markets believe that after launching its own cryptocurrency exchange, Apple will be able to earn more than $ 40 billion a year.

Global Macro Investor CEO Raoul Pal has placed an order to sell all of his gold to invest in BTC and ETH.

In the monthly issue of the digest on the cryptocurrency market, Bloomberg analyst Mike McGlone said that within 5 years the Bitcoin rate could exceed $ 100,000.

According to the latest report from the Kraken cryptocurrency exchange, a 31% drop in Bitcoin trading in June led to BTC's annual volatility reaching a six-month low.

According to Kraken in its report, June was the most unremarkable month on the Bitcoin trading market since February. The lack of activity on the market led to a decrease in trading volume on the exchange to a four-month low of $ 36.6 billion.