Prediction From Crypto Experts Gone Wrong

December 23, 2022 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.

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

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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.

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Former CEO of regulated Swiss bank Seba, Guido Buehler 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.

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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.

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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.

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