Year end BTC predictions
Dynet(42) in bitcoin • 2 hours ago
What is your year end prediction for the price of bitcoin?
There have been many analysts calling for all sorts of price targets.
From $15k all the way up to $100k, and just about every point in between.
For today's post, I'd like to hear what you, the community, think the price of bitcoin is going to be by year end.
Mike Novogratz just revised his prediction down a few days ago saying he doesn't think that bitcoin will break $9k by the time the new year's eve ball drops.
For me personally, I find myself in that camp as well.
I think it basically will depend on the bitcoin ETF.
If we get approval from the SEC for a physically backed bitcoin ETF, like the VanEck one, before this year ends I think we can break $10k.
If we do not, I don't think we break $10k.
Going further down that path, I don't think we actually get that ETF approved before year end, which means the prediction of @dynet is somewhere below $10k.
I was originally thinking we might be able to get up near $12k-$15k area but I am not quite as bullish now as I think the next bullish phase may need to wait just a few more months.
I think by year end bitcoin will be somewhere around $8.5k.
What do you think?
Let me know in the comments section below.