British Cryptographer Adam Back anticipates that Bitcoin will reach the price of $100,000 by the year-end. Comparing the primary cryptocurrency to gold, he praised the former as the better financial investment. Additionally, Florian Grummes, the precious metal and Bitcoin analyst, shared a similar point of view by stating that the virtual asset’s USD value would decline to $34-38K. Still, in six months, it would stand at $100,000. Interestingly, these forecasts coincide with the stock-to-flow model that estimates BTC tapping $100K.