Prediction From Crypto Experts Gone Wrong

Story: Divya Sinha

For the crypto industry, the year 2022 marked the beginning of a new crypto winter, with companies collapsing and prices plummeting dramatically.

The crypto market was filled with top crypto experts predicting where Bitcoin might go next.

Billionaire Tim Draper predicted Bitcoin reaching $250,000 by the end of 2022. Recently, he told CNBC that he has extended the prediction by 6 months and $250k is still his number.

Former CEO of regulated Swiss bank Seba,

said Bitcoin in 2022 will be between $50,000 and $75,000 as per his company’s internal valuation model.

JPMorgan analyst Nikolaos Panigirtzoglou and his team predicted on Nov 9 that the BTC price would slump to $13,000 in the coming weeks.

Founder of Mobius Capital Partners LLP, Mark Mobius told FT in May that BTC price would likely fall to $20,000 and then bounce, but ultimately move down to $10,000.

However, Mark Mobius’s prediction was right as BTC did fall below $20,000 in June and recently he predicted that Bitcoin will hit $10,000 in 2023.