All of this makes me wonder, will Bitcoin will reach $50k by 2021? If it does, 2021 will prove to be Bitcoin's biggest year with astronomical returns for early investors. Right now could be the perfect buying opportunity while Bitcoin is still in the $30k range. What are your thoughts?

So judging from it's previous all time highs which was around the $45k+ mark don't think bitcoin achieving $50k is that much of a biggie. The milestone would be at the $100k trading price and that's what everyone is talking about. Bitcoin can easily do a $50k moved with in days.
Form it's currently price that's just a 20-30% moved and with bitcoin doing almost 15%+ moves in 24hours that won't be that much a challenge to achieve.
The hype must have subside but that shouldn't be misunderstood as the bull market is over because we're yet to see the best the market can offer. Currently bitcoin is giving room for other coins to benefit form the inflow of institutional funds and soon it'll kick off from the point it relaxed.