Catherine Coley, CEO of major crypto substitution Binance'southward U.Due south. arm, sees the current Bitcoin balderdash run as a sign the crypto nugget could reach a toll upwardly to $100,000.

Speaking to news outlet KLTA yesterday, Coley said the recent rally in the toll of Bitcoin (BTC) — moving from $19,000 to more than than $34,000 in less than a calendar month — may be due to a surge in the number of institutional investors taking an interest in the crypto asset. She added that the crypto space could be seeing an "accelerated" rally based on what happened prior to the 2017 bull run, in which the BTC price surged more than than a year after the rewards halving in July 2016.

"Where maybe we thought possibly $50,000 fabricated sense, this number is definitely going to be a lilliputian scrap higher than that in my opinion," said Coley. "I think we're going towards $75,000 to $100,000 for Bitcoin by the terminate of 2021."

The Binance.United states of america CEO is not lone in her bullish predictions for the coming year. Dan Held, crypto commutation Kraken'southward growth lead, has been saying since last year that Bitcoin could exist entering a "supercycle" in 2021 eventually driving the cost to $1,000,000. In a video posted to his YouTube channel terminal week, Held predicted the price of Bitcoin would move much more than a "100x increase" based on increasing adoption of the crypto asset.

The current bull run has likewise caught the attention of major news outlets. Bitcoin made the front page of U.K. based international business concern newspaper Financial Times for Jan. 4:

At the time of publication, the toll of Bitcoin is $33,410, having risen four% in the last 24 hours.