The community has been discussing the potential of cryptocurrencies since the technology's inception in 2009. Among financial market gurus there are both supporters and opponents of digital assets. Both sides periodically make predictions regarding the fate of Bitcoin, heating up the emotional atmosphere.
When it comes to financial investments, emotions tend to fluctuate between two extremes - fear and greed. It is maintaining a constant balance of these two investor states that makes it possible to maintain and manage the cycle of market emotions. This is what “cryptoprophets” often use. Whether to believe their forecasts is up to you.
Chairman, CEO and founder of Galaxy Digital Holdings, a cryptocurrency trading bank and former macro manager, Fortress Investment Group believed that Bitcoin would grow 30% by the end of this year, and in the first quarter of next year, “its the price will begin to rise more seriously.”
The CEO of deVere Group, one of the largest independent financial advisory companies, said that the price of Bitcoin will rise sharply by the end of the year due to FOMO.
FundStrat Advisor co-founder and head of research Tom Lee predicted a Bitcoin price of $22,000 earlier this year. After the price fell, Lee issued a new forecast, saying that the minimum price would be $15,000, the maximum would be $22,000, although he did not rule out the possibility that the asset would trade at $25,000 by the end of the year.
The billionaire investor and entrepreneur still believes the digital asset will soon be worth six figures. "The price of Bitcoin will rise so much that every investor is simply obliged to buy it when the price declines. Even if the price of Bitcoin falls, I will still stick to my words - by 2022 its price will be $250,000."
There are only a few days left until the end of the current year, and the bearish mood in the crypto market does not want to give up its positions, suggesting the quality of forecasts.
You May Also Like
“Run for your life!” - Former Fed Chairman predicted a stock market crash
How to protect capital from depreciation in the stock market? How do investors diversify risks from stock market crashes?
"Panic" stage? What does the Wall Street chart say?
Investing in the financial markets can quickly become an emotional rollercoaster, and Bitcoin is no exception.
