Dave the Wave the analyst who this article author claims correctly predicted last years bitcoin crash, has made a wild speculation again this time as he claims that Bitcoin prices will hit $400k which is an absurd prediction in my personal opinion. Further the author of this article wants us to believe that just because Dave got it right once he’ll get it right again, and I do hope that newbies don’t fall for such gimmicks and avoid making investment decisions based on such analysts views.
In the crypto world, Dave the Wave’s predictions always carry significant weight. This is after he predicted in July last year that BTC would enter a parabolic downtrend, and Bitcoin price fell from $11,600 to $6,425 as he predicted.
With Dave the Wave’s previous prediction coming true in the past, this lends credence to this forecast.
Author is a newbie first he claims it’s a reliable prediction, and then goes on to questioning it :
As to how BTC would increase to these prices remains a mystery, especially for greenhorns in the industry. However, it is not the first time Bitcoin hikes by a seemingly unthinkable amount.
Source:
https://www.cryptopolitan.com/btc-price-to-hit-400k-dave-the-wave/There is always a possibility especially that the market is very unpredictable but the chance for bitcoin price to reach 400k$ is very less especially if we will be talking like 1-3 years from now. The market will increase and decrease anytime as this is how the market works from the start therefore increasing that much cannot be achieve easily.
That price can be achieve only if the demand will focus on bitcoin and other currencies will be left behind or the demand of crypto will be spread all over the globe like 80-90% of the countries are open to bitcoin usage which is very difficult to happen.