This year has been a very traumatic one for crypto, to say the least. If you’re a holder who managed to make it through 2022 without ending up in a fetal position, consider it a win. Please give me. they will need it.
BeInCrypto understands that predicting price movements is difficult even in the best of times. But it’s especially difficult when you’re about to be overtaken by the most dramatic year in crypto history. Always remember: Take predictions and investment advice with a pinch of salt and only invest in what you can afford to lose.
Tim Draper is a renowned venture capitalist with a history of bold predictions. He previously said that Bitcoin (BTC) will reach $250,000 by the end of 2020. So a little off. Unfazed by his own frenzied enthusiasm, he once again predicted that Bitcoin will reach his $250,000 by the end of 2022.
Following the dramatic market turmoil and FTX drop, he told CNBC in an email: $250,000 is still my number. ‘Find someone who looks at you like Tim Draper sees the number 250,000. That is true love.
Willy Woo, author of The Bitcoin Forecast Substack newsletter, is another expert who has laid an egg on his face. Hong Kong-born Wu has made a name for himself in the space since he first invested in Bitcoin in 2013. He leveraged his expertise as an on-chain bitcoin analyst to gain over one million followers. twitter.
Woo was bold enough to predict that BTC will reach a new ATH of 100,000 this year. In his edition of the newsletter, he states:
“I’d say we’re in the middle of it. By the end of next year, it’s around 1 million. Up or down, it could come back much higher, but the approximate median line is about It’s $100,000.”
Bad luck, woo.
Unlike some other mentions, Nathan Sloane is a more conservative forecaster than many of his peers. With a background in marketing and financial services, his resume is also less appealing than many others. However, his popular YouTube channel Investing Made Simple has a lot of 198,000 subscribers. The channel offers investment and trading advice to viewers of varying expertise. One of his most interesting calls this year was about SOL pricing.
Being “conservative”, Sloane said in a video released on January 8th of this year that SOL’s price could jump threefold. At the time, SOL was trading for her $149.In other words, it will be SOL can Reached $447.
In his defense, he hedged his forecast for 2022 and said a significant exogenous shock could mean that SOL is down 80% this year. Since his video, the price he has dropped 93%. He admires some moderation and being closer than most.
Mike McGlone is generally the dry end among cryptocurrency predictors. He currently works at Bloomberg Intelligence as his Senior Macro Strategist and regularly conducts market analysis. On January 6th, McGlone predicted that ETH will end the year in the $4,000-4,500 range. At the time of writing, ETH is just above his $1.2 million. Big difference.
However, this is a relatively conservative estimate when compared to other analysts, traders and influencers. For example, Coinpedia predicted that ETH could end up between $6,500 and $7,500 in 2022 if the market continues its positive trajectory. The site then changed his 2022 forecast to $2,500. So it’s only double the actual price.
It shows that even the most conservative predictions for 2022 can be wrong. Crazy things can happen.
aka Wolf of All Streets. Scott Melker is one of the most famous sort his leaders in this field. He is also the author of his Wolf Den newsletter and a regular contributor to various publications. Melkor made our job easier by publishing his own list of failures in his newsletter. A laudable act of transparency and accountability.
One of his most disappointing calls was to “renew all-time highs” in 2022. Unfortunately for holders, none of the major cryptocurrencies reached his new ATH this year. In fact, the industry had lost more than $2 trillion worth of him since the market hit a high in late November.
In April of this year, the CEO of crypto lender Nexo told CNBC that the world’s largest cryptocurrency could cross the legendary $100,000 mark “within 12 months.” This isn’t technically his prediction for 2022, but given that BTC needs to surge 6x over the next four months, you can put this prediction in the “In Your Dreams” column. I think you can put it in Trenchev himself admits that this is unlikely to happen.
Trenchev made this prediction in April 2022. This was before the first big market selloff in May. He told his CNBC News his channel: I am now 12 months from him he is looking for $100K bitcoin. This is not the craziest thing Bitcoin has done. Just triple it. ”
Antoni, at the time of writing this price has increased 6x in 4 months right The craziest thing Bitcoin has done.
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