As the year runs out and Bitcoin records continuous new-highs, some crypto experts have revealed their 2021 price predictions on the top digital asset. With a market capitalization of over $501 billion, Bitcoin is currently down 2.64% after reaching its ATH and is trading at $2.877.

According to a finder.com survey concluded before BTC reached the $20,000 milestone, several crypto experts are confident that the king coin will continue to surge through mid-2021. Specifically, 58% of 47 experts said that the ongoing Bitcoin rally would continue till the first half of 2021.

2021 Bitcoin Price Predictions

In addition, the survey revealed that panelists are confident that the price of Bitcoin would have grown two times by the end of the coming year. However, 52% of the panelists believe that Bitcoin will record a shard loss after significant increases in 2021.

Per 2021 Bitcoin price predictions, the survey respondents said BTC would reach an average price of $51,951 per token. In November, Citibank analyst Tom Fitzpatrick noted that Bitcoin would hit $318,000.

Furthermore, Bloomberg analyst Mike McGlone predicted that Bitcoin would trade at $170,000 by 2022. In an interview with Bloomberg Television, he said:

“The key thing about Bitcoin this year is very simple- it just added a one to the front of the number. Remember, it was around $7,000 at the end of last year. What I’m worried about- if you look at the past performance, which is potentially indicative of the future, next year or two could add a zero to the back of the number.”

Earlier this year, Morgan Creek CEO Mark Yusko said that Bitcoin could trade at $100,000 in 2021 or 2022. In the interview, the CEO added that BTC could also climb $400 to $500k.

Despite several bullish predictions, detractors believe that Bitcoin is not worth the hype and is poised to decline.

On the 17th of December, Andrew Ross Sorkin said during his CNBC morning program that his price target for BTC is Zero. He added:

“Sometimes there’s something so absurd that you hardly know where to begin to make the argument.”

Bitcoin Records Continuous Highs

After Bitcoin reached a new all-time high on Christmas day, the top crypto asset has continued to pull in further gains. As of the 25th of December, Bitcoin had grown about five times since the year began and crossed $25,000. About 24 hours later, the price of Bitcoin jumped over $26,000.

On the 27th of December, Bitcoin became the first financial service to record over $500 billion in market valuation. BTC surged 10% on the day, climbing its most recent all-time high of $27,806 with 71% market dominance.

Crossing over $500 billion market capitalization, reports revealed that Bitcoin had surpassed several Wall Street financial firms. The financial giants include MasterCard Inc (NYSE: MA), JPMorgan Chase & Co (NYSE: JPM), Visa Inc (NYSE: V), PayPal Holdings Inc (NASDAQ: PYPL), and more.

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This year, the coronavirus pandemic has upended the market and challenged investors, both institutional and individual. Morningstar Inc (NASDAQ: MORN), a leading provider of independent investment research, has conducted research to figure out how US top funds behaved during this hard time and what were the major trends on the market this year. It turned out that funds betting on tech stocks and digital currencies became winners in 2020. Meanwhile, funds that banked on oil and gas companies dropped by nearly 100%.

When COVID-19 broke out, the whole market collapsed, with tech stocks reaching their troughs in March. However, after that, they showed excellent performance, with a more than 60% comeback. Therefore, funds that took a risk and invested in tech stocks, gained billions of dollars this year. The same with funds that bet on digital currencies. For example, one of the US top funds, Grayscale Ethereum Trust that holds Ethereum (ETH), has soared by 333.7% as of December 9. The Bank of Montreal MicroSectors FANG+ 3X Leveraged ETN and the Bank of Montreal MicroSectors FANG+ 2X Leveraged ETN (both of them invest in so-called FANG stocks) reported returns of 301.9% and 201.9% respectively. Such a jump made them the second and third-best performing funds in 2020.

Meanwhile, funds that trusted oil and gas, suffered losses. In particular, the Direxion Daily S&P Oil&Gas E&P 2X ETF lost 97.3% this year. The Direxion Daily Junior Gold Miners Bear 2X ETF plunged 95.5% in 2020.

2020 Best-Buy Stocks and Cryptos that Contribute to US Top Funds

This year, tech stocks included in FANG, FAANG, and FANGMAN were the best performance. For example, the stock of US top online retailer Amazon Inc (NASDAQ: AMZN) gained as much as 71.70% year-to-date. The company took advantage of lockdowns and stay-at-home orders that resulted in increased demand for online shopping. Shares of Apple Inc (NASDAQ: AAPL) soared by 79.77% year-to-date. Netflix Inc (NASDAQ: NFLX) stock added 58.84% this year.

Shares of pharma giants involved in the coronavirus vaccine race have also benefited from the pandemic. To name a few, Moderna Inc (NASDAQ: MRNA) stock has soared by 530.83%, Inovio Pharmaceuticals (NASDAQ: INO) shares are 210.91% up year-to-date. The stock of another pharma giant Novavax (NASDAQ: NVAX) has gained as much as 3,149.75%.

As for cryptocurrencies, their popularity is becoming wider. In comparison with 2017, when the crypto market data provider CoinMarketCap listed about 80 coins, this number has reached 5,000 this year. Bitcoin (BTC) remains the leading position, followed by Ethereum (ETH), Tether (USDT), XRP (XRP), Litecoin (LTC). Bitcoin Cash (BCH), EOS, Stellar (XLM) have been showing strong performance this year as well.

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Bitcoin (BTC) has swayed investors by hitting its all-time high above $28,000 on Sunday, December 27. However, Ethereum (ETH) has been following the cue with a strong surge northwards. At press time, ETH price has surged 12.14% trading at $725 levels with a market cap of $81 billion. It is for the first time that ETH price has surged past $700 levels in the last two years since 2018 and it is said that Ethereum may have a good 2021.

With its latest price surge, Ethereum (ETH) takes its weekly gains to above 10%. ETH has been one of the best performing cryptocurrencies for 2020. At over 450% year-to-date returns, ETH has outperformed several other cryptocurrencies including Bitcoin (BTC).

Even at the current price, Ethereum is almost trading at a 50% discount from its all-time high in January 2018. While Bitcoin (BTC) has already moved up 40% from its 2017-high of $20,000, Ethereum has got some catching up to do here. Analysts are predicting that 2021 could be the year for Ethereum (ETH) looking at the overall developments and growing institutional interest.

At its current price of $710, investors can still buy $ETH for more than 50% off its previous ATH.

Considering (1) how correlated BTC and ETH are historically, and (2) how BTC has already surpassed its ATH, it’s arguably the best risk-return right now in crypto.

— Spencer Noon (@spencernoon) December 28, 2020

Just at the time when BTC cools-off, we could probably see a rally coming ahead in the altcoins market and Ethereum could be gaining the most from it.

Rising Institutional Interest for Ethereum (ETH) Ahead of Upcoming 2021

Apart from Bitcoin, Ethereum (ETH) also remains on the institutional radar. The Grayscale Ethereum Trust (ETHE) has seen good money inflows over the last few months. The total assets under management for ETHE are currently $1.7 billion from its latest update. Moreover, ETHE is the second largest crypto fund from Grayscale after Bitcoin’s.

12/24/20 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.

Total AUM: $16.3 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/0MZaRcwMJD

— Grayscale (@Grayscale) December 24, 2020

On the other hand, CME Group has also announced its plans to launch Ethereum Futures in February 2021. This is a big development as it could bring Ethereum (ETH) to the mainstream financial markets. Just like the Bitcoin futures, the CME Ether futures will also be cash-settled. Thus, traders won’t need to hold actual ETH in their wallets.

In a recent development, tech giant Microsoft Corporation (NASDAQ: MSFT) announced that it will be leveraging the Ethereum network to solve complex business challenges. as reported by CoinTelegraph, it will specifically use the Ethereum blockchain for royalties management and gaming rights.

Over the recent Bitcoin bull run, the ETH-BTC pair has registered a sharp decline. Thus, even after today’s 10% price rally, ETH still isn’t within the overbought regions. Possibly, the ETH price is heading to above $800 levels in the coming days. It will be interesting to see at what levels Ethereum closes this historic year of 2020 for the crypto market.

The price of ether relative to #bitcoin is on a six month low pic.twitter.com/UaJxTo0sXI

— skew (@skewdotcom) December 25, 2020

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