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