Technological breakthroughs may be keeping the bitcoin and crypto ecosystem alive. But the price is still the most important factor driving retail and institutional investor interest in the space. And when it comes to price, ‘future price forecasts’ always make the headlines. There were quite some ‘bitcoin price predictions by 2019 end’ made by influencers. But how many of them actually made sense?
Investors in a tradeable asset always want to know the direction of the market, where the asset’s headed w.r.t valuation. Here’s where some folks produce FOMO driving hopium induced wild future price calls to give the impression that ‘it’s now or never’.
Blockchain and crypto research, and data analysis firm Longhash, recently published a compilation of all bitcoin price calls made for 2019 end/2020 beginning. Amidst all BTC price forecasts, some were realistic deviating only a bit from the actual market conditions. Most were simply over-optimistic predictions intended to drive mass buying hysteria.
Bitcoin Price Predictions Sorted…