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

Cointelegraph

Published Dec 31, 2020 07:30PM ET

Updated Jan 02, 2021 09:40PM ET

Pundits and crypto analysts love to issue Bitcoin (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

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