Some of the premonitions - especially related to BTC's price by the end of the year - never came true, but many turned out to be quite realistic.
Tom Lee: BTC will reach $25K.Seems that one of the world's major crypto bulls, co-founder and head of research at Fundstrat Global Advisors Tom Lee, has had some bad luck predicting possible BTC rates.
Lee himself admitted his stance was a mistake, first lowering the end-year mark to $15,000 and finally refusing to give any comments on the price of BTC:. "We are tired of people asking us about target prices. Because of the inherent volatility in crypto, we will cease to provide any timeframes for the realization of fair value."
Lee still believes that the fair value of BTC is much higher than its current price.
Mike Novogratz, an ex-Goldman Sachs partner and founder of crypto merchant bank Galaxy Digital, was quite accurate in his 2018 predictions.
In mid-December, after a significant market decline dubbed the "Crypto winter," he said that BTC's price would not sink more, staying somewhere between $3,000 and $6,000, and he turned out to be right.
Bloomberg: BTC is heading toward $1.5K.In fact, Bloomberg's analysts themselves are prone to making mistakes when it comes to predictions.
Just a few weeks ago, shortly after the first signs of the steep market drop, the media stated that BTC was heading toward the $1,500 mark, which would mean a 70 percent drop in the coin's price.
Another BTC split has not yet happened, but the BCH hard fork took place in November and resulted in a hash war and massive split for the coin, which practically divided into BCH ABC and BCH SV.Todd Gordon: BTC will drop to $4,000.
In December, Hester Peirce, dubbed the "Crypto Mom" by the crypto community for her pro-crypto statements, urged the community not to hold its breath waiting for a BTC ETF:."Definitely possible could be 20 years from now or it could be tomorrow. Don't hold your breath. The SEC took a long time to [establish] Finhub. It might take even longer to approve an exchange-traded product."
From "Obsolete" Blockchain to Bitcoin at $1 Mln: Predictions of 2018
gepubliceerd op Dec 28, 2018
by Cointele | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.