I am not for making predictions, but the Bitcoin predictions are fun to watch and see who is correct. Perhaps we should bear in mind something said by Peter Drucker:
Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window.
We have seen some crazy predictions made about Bitcoin. Some have spoken of over a million dollars in price. Nevertheless, several subscribers asked me to predict the BTC price at the end of the year. I was reluctant but said $70k would be as far as it goes. (Please see a copy of the newsletter sent out in January 2021; the prediction is in yellow highlight). We all know that the highest price for BTC this year was $69k. Some will argue that there are still a few days left in the year, but I don't think we will see anything remotely close to $69k.
Newsletters from January 2021
I believe that 2022 is going to be a year of development. We all know the Metaverse will grow. NFTs will continue to surge, and of course, DeFi will continue to blossom. The interest is in the price of Bitcoin. We at Nosa Capital can give no financial advice, but we posit that the price will be $110k. Lord only knows what some pundits will predict for next year. One can only suppose things are going to get interesting.
I think it best to conclude with a quote from Damien Rice:
I have an abundance of enthusiasm; however, it would be foolish to think I can predict a future that doesn't exist.
We all know the crypto crowd has boatloads of enthusiasm but not necessarily the discipline to curb that enthusiasm. Let us all proceed with caution. And as to what the final price may be, your guess is as good as mine.
Swap your cryptos here:
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