Experts agree that a $100,000 price tag for Bitcoin by the end of the year would also exponentially boost Ether\u2019s price. Industry experts see Tuesday\u2019s crypto market plunge as a \u201cfalse dip\u201d while reiterating the $100,000 Bitcoin (BTC) price for the end of the year.\u00a0In a new report by Standard Chartered\u2019s cryptocurrency research unit, Bitcoin is predicted to hit $100,000 \u201cin late 2021 or early 2022,\u201d accompanied by a huge Ether (ETH) price spike. The research team said that Ether is \u201cstructurally\u201d valued at $26,000\u2013$35,000 \u2014 10 times its current price \u2014 but BTC must reach $175,000 for that to occur.\u00a0Nick Spanos, one of the first BTC exchange operators and co-founder of Zap Protocol, defined the Tuesday crash in the crypto market\u00a0as a false dip. \u201cBig finance and the media say it\u2019s because there was a bumpy rollout in El Salvador. I\u2019m in El Salvador right now and things are looking spectacular,\u201d he said, adding:\u201cSo here we have a president who is breaking new ground, like a top CEO, rolling out innovation. He believes in it: he bought the dip, as everyone should be.\u201dSpanos backed the idea of a $100,000 Bitcoin price at the end of the year, adding that Ether is also looking to hit $10,000 by then. Related: El Salvador buys the dip as Bitcoin price flash crashes to $42.9KSpanos said that \u201cthere\u2019s essentially a fire sale as a result of the dip, will almost certainly prove to be a great move.\u201dBitcoin\u2019s price is nearing $46,400 at the time of writing. As Cointelegraph reported, Bitcoin was closing in on $53,000 on Tuesday, the day El Salvador adopted the largest cryptocurrency as legal tender, before taking a sharp dive to $43,000.