A popular crypto analyst says he’s doubtful that massive Bitcoin (BTC) predictions for next year could come into fruition.
In a new interview on InvestAnswers, widely followed crypto trader Benjamin Cowen offers his view on one prediction that Bitcoin could rise over 1,000% from current prices by 2023.
Late last month, venture capital investor Tim Draper made a forecast that Bitcoin will hit $250,000 next year.
Cowen says he no longer believes Bitcoin could even hit the six-figure price range in the next 18 months.
“Once upon a time, I would have liked to believe that 2023 would have been the year where we hit those, maybe $250,000 was always going to be too high, I was thinking more $100,000 or something by 2023.
Now I’m certainly a bit more skeptical about that idea, especially because of how hard the Fed pivoted and just have gone the complete opposite direction over the last six months.
I look at other things too like social statistics, and I follow new subscribers to crypto...
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