Close, but no cigar! Here are 2020’s worst Bitcoin price predictions By Cointelegraph


Close, but no cigar! Here are 2020’s worst Bitcoin price predictions

Pundits and crypto analysts love to issue (BTC) price predictions regardless of how volatile the asset class is.

In 2017, there were calls for BTC’s price to hit $35,000–$50,000, and of course, a few brave souls predicted that the price would top $1 million before correcting.

Bitcoin’s price in USD. Source: TradingView
Ross Ulbricht’s chart annotations. Source: Medium
Gold, USD/OZ (right) vs. S&P 500 (left). Source: TradingView