To the Moon! Crypto Evangelist Brian Kelly’s Jaw-Dropping Bitcoin Price Predicti

[MathGame]

https://www.ccn.com/moon-brian-kellys-jaw-dropping-bitcoin-price-prediction

Pay no attention to today’s pullback in the crypto markets. With the bitcoin price expanding as much as 30% in April so far to hover above the $5,000 level, it’s brought out the perma-bulls. Crypto fund manager Brian Kelly is among them.

Now that bitcoin is seemingly back from the abyss, he is no worse for the wear from the crypto winter. In fact, he’s returned with his boldest prediction yet — the bitcoin price will surpass its previous high of nearly $20,000.

But you’re going to have to wait for it. Kelly on CNBC suggests a new peak for the bitcoin price is a no-brainer, saying in response to a question about whether we’ll see record highs:

    “Without question this next cycle. You’re talking probably a two-year cycle.”

There’s a method to his madness. Kelly points to the upcoming halving of the bitcoin supply, which is planned for 2020.

[figmentofmyass]

But you’re going to have to wait for it. Kelly on CNBC suggests a new peak for the bitcoin price is a no-brainer, saying in response to a question about whether we’ll see record highs:

    “Without question this next cycle. You’re talking probably a two-year cycle.”

There’s a method to his madness. Kelly points to the upcoming halving of the bitcoin supply, which is planned for 2020.

now that perma bulls are parading in the streets, we're probably gonna crash $1000+ inside of a week.

those were some pretty heavy dumps over the past day. whales are definitely unloading. when retail is feeling so bullish while the rally is being sold into on high volume, be careful out there!

[Slow death]

There’s a method to his madness. Kelly points to the upcoming halving of the bitcoin supply, which is planned for 2020.

I said to myself in the first few days when I was reading things that these analysts said, "Yes, these guys must be right because they have a lot of knowledge and they manage millions of dollars." Then they started to miss their predictions and I started to ask me

- Who the hell would let those guys manage their funds?

because they do not hit even once, failure in forecasts is disastrous

[fabiorem]

- Who the hell would let those guys manage their funds?

because they do not hit even once, failure in forecasts is disastrous

Maybe its intentional. They put such high values, so that the sheeple dont buy bitcoin, because of those absurd predictions. Its a way to discredit the asset through inversion.

[Pursuer]

those were some pretty heavy dumps over the past day. whales are definitely unloading. when retail is feeling so bullish while the rally is being sold into on high volume, be careful out there!

that wasn't really "heavy" though!
the sells were the normal amount that always happens after a big price surge and after price tries to break out of a new resistance and fails. in this case it was $5500ish and as it didn't happen the sell started to go back and start rising again as we are doing now. the volume was on par with any other previous time in same situation.

[Sanitough]

Can't trust him but who would not like its prediction, unless you are bearish.
The recent market movement just get the attention of the investors, in short time, there is a significant growth in trading volume
and I would not also be surprise if we will have a new all time high this year, bitcoin able to increase 20% in a day, it's not usual, so expect the surprise.

[NeuroticFish]

Kelly on CNBC suggests a new peak for the bitcoin price

Depending on current the look of the market, this "specialist", this "influencer" will predict and give great reasons for new ATH or prediction and great reasons for dropping to 0, no matter he contradicts himself every couple of days, since Bitcoin markets are highly volatile.

I've seen here a great list with his prediction, I cannot do better: https://bitcointalk.org/index.php?topic=5130936.msg50574172#msg50574172

[buwaytress]

Brought out the permabulls? By definition they never went anywhere; if they did, they're not exactly permanent, are they?

What IS funny though is to see people cutting off a digit or two from predictions. What used to be 50k in 2019 is now 6k, what used to be a million is now having an extension of 2 or 3 years. I know I should probably be in their camp, since I suppose I'm on the same side but that's what you get when you put in ridiculous notions time after time.

[thecodebear]

https://www.ccn.com/moon-brian-kellys-jaw-dropping-bitcoin-price-prediction

Pay no attention to today’s pullback in the crypto markets. With the bitcoin price expanding as much as 30% in April so far to hover above the $5,000 level, it’s brought out the perma-bulls. Crypto fund manager Brian Kelly is among them.

Now that bitcoin is seemingly back from the abyss, he is no worse for the wear from the crypto winter. In fact, he’s returned with his boldest prediction yet — the bitcoin price will surpass its previous high of nearly $20,000.

But you’re going to have to wait for it. Kelly on CNBC suggests a new peak for the bitcoin price is a no-brainer, saying in response to a question about whether we’ll see record highs:

    “Without question this next cycle. You’re talking probably a two-year cycle.”

There’s a method to his madness. Kelly points to the upcoming halving of the bitcoin supply, which is planned for 2020.

I read that article a few days ago and all i could think was "wtf?!"

"boldest prediction yet" is what everyone in crypto takes as a matter of fact - that it'll surpass the previous peak, as it always does. Does the author know what the world "bold" means??

And the title, "jaw dropping". whaat?! If he was saying bitcoin will hit $300k in two years then this article would make sense. There was nothing jaw dropping or bold about the prediction. Just basically saying what everyone is expecting.

[Adriano2010]

If the more and more people will buy bitcoin and not so much sell orders at low price the price will go up, but we need more time and this can take some long term for.

[Hamphser]

Any other price speculations.I see no different on any of them,even just myself would predict out some price thats why i dont trust up any views from other people.
Predictions can be made and it do really have that chance for Bitcoin to surpass out its previous ATH but it would take years and about that halving moment, if that would thing
will hype up then possibly we would see those ATH above numbers.

[Herbert2020]

Brought out the permabulls? By definition they never went anywhere; if they did, they're not exactly permanent, are they?

What IS funny though is to see people cutting off a digit or two from predictions. What used to be 50k in 2019 is now 6k, what used to be a million is now having an extension of 2 or 3 years. I know I should probably be in their camp, since I suppose I'm on the same side but that's what you get when you put in ridiculous notions time after time.

the concept of "permabull" is already flawed and if anybody is like that (for example Tom Lee who kept on insisting $50k by the end of 2018 although price was clearly dropping all year long) then they are newbies who don't understand the market dynamics. the market does't stay in the same trend forever. instead it transitions from one to the other and in case of bitcoin since it is a growing currency the over all result is a rise. but it doesn't mean as a trader or a speculator you should always remain in bull mode!

[YuginKadoya]

I can not say for sure if his predictions are accurate but I am not to tend to believe what so ever in any of it, for now, Well partially because I can not sense any practical movement that the price of bitcoin will go off this year and I always see the charts if this year could be a high time for bitcoin or not, Well even though there are predictions like this it doesn't mean that it will usually come true even though he is a well-known person, I always see to it that the price is in a more believable set up than predicting it because of the way bitcoin recovering now.