Crypto Prophets 2019: Who made the worst predictions last year?

Make predictions – natural human trait. However, due to the fact that the cryptocurrency market is subject tosharp price fluctuations and volatility, in factIn fact, almost no one can give an accurate forecast of price movements in the near future, not to mention the long term. We present to your attention a selection of the worst BTC price predictions for 2019.

Predictions that did not come true

Eric Finman: $ 20,000

A young Bitcoin millionaire stated that the end of 2019Bitcoin investors will become “crazy rich”. According to him, Silicon Valley’s interest in cryptocurrency payments, the growing popularity of blockchain, as well as the entry of giants such as Facebook and AT&T into the cryptocurrency market will return BTC to its maximum level of $20,000.

Changpen Zhao: $ 16,000

Autumn Binance CEO Changpen Zhaostated that “soon” the price of BTC will reach $ 16,000. Recall that since September last year, Bitcoin has never been able to break through the resistance level of $ 10,000.

Justin Sun: $ 3000-5000

At the beginning of the year, the founder of Tron suggested in hisTwitter that by the end of 2019 Bitcoin will be trading in the price range from $3,000 to $5,000. It is worth noting that at that time one BTC was selling for $3800. 

Predictions that did not come true

Tim Draper: $ 250,000- $ 1,000,000

In September, during a television interview, a billionaire andcryptocurrency investor Tim Draper called the $ 250,000 BTC “a fairly modest and conservative forecast.” According to Draper, the potential of Bitcoin could push its price much higher than this mark. In addition, according to his forecasts, by 2022 the price of an asset will rise to a million dollars, and innovative payment systems such as Lightning Network and OpenNode will become a catalyst for such growth.

Peter Brandt: $ 100,000

Peter Brandt, 72 year old trader who successfullypredicted a bearish trend in the cryptocurrency market in 2018, predicted an increase in the price of an asset to $ 100,000. Shortly before its announcement, the BTC price broke the psychological mark of $ 10,000, so such optimistic predictions did not seem unrealistic to many. And although BTC has shown quite substantial growth over the past year, it has not been able to reach $ 100,000.

Murat Makhmudov: $ 100,000

A couple of months after Brandt’s forecast, the formerGoldman Sachs analyst also suggested that the first cryptocurrency will reach a price of $ 100,000. Makhmudov recommended to his readers to buy as much BTC as possible and “soon” wait for the rapid price increase.