As a dark horse in the cryptocurrency market, Bitcoin has always attracted much attention. Recently, partners from Morgan Creek issued an eye-catching prediction that the price of Bitcoin will exceed $100,000. The news was like a depth charge, shaking the entire financial world. Let’s delve deeper and see what kind of mystery lies behind this prediction.

As the first cryptocurrency, Bitcoin's price fluctuations have always attracted market attention. From the initial few dollars to thousands of dollars today, the price of Bitcoin has soared, attracting the attention of countless investors. Now, this prediction from Morgan Creek Partners has cast a veil of mystery on the market. Their views are so firm that they seem to have seen the moment when the price of Bitcoin is about to rise.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Bitcoin prices surpassed $10,000 on February 9, breaking through key psychological levels and reaching their highest level since October last year.

But in the eyes of many, $10,000 is just the beginning, after which the top cryptocurrency will reach even higher levels. Morgan Creek
Anthony Pompliano, co-founder and partner at Digital, believes that Bitcoin will reach $100,000 by the end of 2021 due to limited supply and increased demand:

"Bitcoin just rose to $10,000. I still think Bitcoin will rise to $100,000 by the end of December 2021. Fixed supply, growing demand, time will tell."

This is big news for Bitcoin holders, and crypto analyst Willy
Woo also tweeted earlier today: "This breakthrough is the real deal. There is fundamental investment activity supporting this $10,000 breakthrough."

Source: charts.woobull.com

BitMEX co-founder and CEO Arthur Hayes is also optimistic about Bitcoin’s future price. He tweeted:

“Nothing can stop me (Bitcoin), I keep going up! Slow and steady will win the race. Let’s climb the ladder to $20,000 in Bitcoin.”

Bitcoin’s supply is fixed and demand increases

Bitcoin has many properties that are critical to its success. It is a deflationary monetary policy with clarity and predictability due to its (21 million coin) limit. Bitcoin is also comparable to gold in many ways, as Bitcoin must be mined digitally and has a limited supply.

There are only 21 million Bitcoins available for mining in total, of which approximately 18 million have already been withdrawn. Bitcoin will be halved in May this year, at which time its supply will be further reduced to only about 1.7% of the total mined annually.

Since 2010, Bitcoin has been exhibiting high price volatility, sparking a debate about the underlying reasons why economic agents also demand it. Most of the public viewed Bitcoin as a speculative asset for a short period of time.

Many people want to seek a safe economic haven, so they exchange stocks, fiat currencies and assets for Bitcoin. In the longer term, near-term expectations for Bitcoin as a medium of exchange are likely to continue to drive market demand.

However, Cointelegraph contributor Michael van de Poppe tweeted that Bitcoin price has reached a temporary high and is expected to fall back at some point:

“However, I think prices will top out for a while now and stay there. Again, prices would be better off staying between $8,750 and $9,000 long-term. I’m not sure there’s going to be this development…a breakout of where we are right now. , and continues to rise towards $10.400 to $10.900.