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Bitcoin price prediction: Why it will drop to $25k then rally to $100k

Strategic Wealth Partners' Luke Lloyd told Insider he sees a massive correction ahead for bitcoin.
Lloyd said regulation fears will be the catalyst for a fall all the way to $24,000.
But he said he thinks its price will recover and surge to $100,000 by the end of the year.
Luke Lloyd is an outspoken bitcoin bull when it comes to his long-term outlook.
So it might have come as head-scratching news to some when the investment strategist and wealth advisor at Strategic Wealth Partners said on Fox Business' Varney & Co. that he'd cashed out of the cryptocurrency when it hit $40,000 for the first time in January.

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Bitcoin gets 'less risky the higher it goes': Legendary investor Bill Miller breaks down why the cryptocurrency could surge 100% in 2021

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Bitcoin gets 'less risky the higher it goes': Legendary investor Bill Miller breaks down why the cryptocurrency could surge 100% in 2021
Bitcoin gets 'less risky the higher it goes': Legendary investor Bill Miller breaks down why the cryptocurrency could surge 100% in 2021
Emily GraffeoJan 10, 2021, 20:22 IST
Heidi Gutman/CNBC/NBCU Photo Bank/NBCUniversal/Getty Images
Legendary investor
Bill Millertold CNBC on Friday he sees bitcoin surging 100% in 2021 as more investors add the coin to their portfolios as a hedge against inflation.
"One of the things that's interesting about Bitcoin is that it gets less risky the higher it goes, and that's the opposite of what happens with most stocks," the Miller Value Partners founder said.

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