RE: Bloomberg predicts $400,000 BTC by the end of 2022

[gadrian]

Hmm, that's very bullish indeed. Btw, title and first paragraph should be corrected, it says "2022" instead of "2021".

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Comments

[themarkymark]

They are correct. They said 2022.

[gadrian]

The quote above from Crypto Outlook says "Q4 2021". But Nasdaq website got the title wrong too and content said 2021.

By the way, the exact quote I found was:

Our graphic depicts bitcoin on similar ground as the roughly 55x gain in 2013 and 15x in 2017
To reach price extremes akin to those years in 2021, the crypto would approach $400,000, based on the regression since the 2011 high.

[themarkymark]

That's even crazier and I just don't buy it. $100K is the most I can imagine by year end and I'm I still think that's being aggressive.

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[gadrian]

I agree, $400K sounds extreme. But I believe we will go above $100K, maybe even above $200K. Depends how fierce will be the resistance at $100K.

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