David Gokhshtein: Bitcoin Price Will Reach $80K

[Leviathan.007]

PAC Protocol CEO David Gokhstein shared his views on the latest bitcoin status on Twitter.
In particular, Gokhstein called the current market reversal "super necessary" to keep up the price of the flagship cryptocurrency, Bitcoin. According to him, the next step in the price of bitcoin will probably be $ 80,000.


Note that, at the time of writing, Bitcoin is down 7.5 percent and is currently below $ 32,000. The decline in bitcoin prices came amid statistics released by the US Department of Labor on a sharp rise in prices in the United States in June.
It turned out that the key consumer price index jumped 0.9 percent compared to June, reaching 5.4 percent, which was a record increase and was last seen only in 1981.
The decline in the price of Bitcoin indicates that this cryptocurrency, in which many corporate investors have invested, is often seen by them as a risky asset.
However, Gokhstein is a staunch supporter of Bitcoin and has defended it many times. He believes that Bitcoin wants to complete the world economy. According to him, bitcoin is an option for saving.
Gokhstein has also been highly critical of banks. In a recent tweet, he said that banks themselves buy cryptocurrencies while forbidding ordinary consumers from doing so.


David Gugstein has also repeatedly suggested to his followers that they use LightCoin (LTC) and DigiBite (DGB) as a means of fast payment. The experienced financier has repeatedly praised Ripple (XRP) and said that those who cash in on the cryptocurrency will one day use it.


Source: https://u.today/david-gokhshtein-noted-the-super-necessary-correction-and-said-the-bitcoin-price-will-reach-80000

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[Welsh]

First off, other than his prediction being merely speculation, what banks exactly have been telling us to get out of cryptocurrencies? I haven't seen too much coverage on this, and while banks do have it written into their terms of services, that cryptocurrency is a high risk transaction, that isn't exactly wrong. Banks do it, to prevent their customers complaining that they didn't offer the protection, that they would expect from a bank. Speculate all you want, but banks haven't really waged a war of Bitcoin like the many articles claim, in fact hasn't there been positive news over in the USA regarding banks allowing cryptocurrencies or even implementing it into their service?

[mk4]

Funny how he's back at siding with Bitcoin after he sided with Elon and DOGE when Elon was having his Twitter meltdown. Screw that guy.



https://twitter.com/davidgokhshtein/status/1393744417496997890

[Welsh]

Funny how he's back at siding with Bitcoin after he sided with Elon and DOGE when Elon was having his Twitter meltdown. Screw that guy.

Good catch. I've not overly familiar with his takes as I tend to ignore most famous people who side with x, and y, but seems like a typical infulencer which will say whatever the way the wind is blowing. I suspected as much when there wasn't any real reasoning to his arguments on why Bitcoin would specifically hit 80k, and it just seems like a figure pulled out of his arse.

So, it seems like David Gokhshtein is just jumping around cryptocurrencies, and praising them wherever he can. The fact that he's praised some of the cryptocurrencies which don't really have anything interesting going for them says it all.

[BrewMaster]

to be honest David Gokhstein looks to me like the classic shitcoin bagholder who thinks just because some shitcoin has a lower price it must have a good future. but he forgets that the shitcoins have been around for many years and have been dumping to reach these low prices.
his tweets are also showing the bags he is holding, it is more obvious when he also encourages others to buy those shitcoins (like XRP, ETH, DGB, etc.) a classic shitcoin pump and dumper mentality.

expect to see more people like Gokhstein and Musk in cryptospace as bitcoin price keeps going up.

[mk4]

Good catch. I've not overly familiar with his takes as I tend to ignore most famous people who side with x, and y, but seems like a typical infulencer which will say whatever the way the wind is blowing. I suspected as much when there wasn't any real reasoning to his arguments on why Bitcoin would specifically hit 80k, and it just seems like a figure pulled out of his arse.

So, it seems like David Gokhshtein is just jumping around cryptocurrencies, and praising them wherever he can. The fact that he's praised some of the cryptocurrencies which don't really have anything interesting going for them says it all.

Pretty much. Dude owns a media company, so I'm going to assume this coin hopping thing(including this useless price prediction thing) is just one of his antics to get him and his company as much publicity as possible. A really annoying one at that.

[NeuroticFish]

While it's a shitcoiner and his declarations are clearly biased, he does have a point: institutional investors are here, certain banks make clear steps towards Bitcoin (and allowing their customers directly into Bitcoin), heck, it's even legal tender in a country, ... and still the market reacts like we're going towards the end of the world.

I know that one reason is the big drop in hash rate, but I think that's over reacting. The hash rate is already getting back up (for today 120 EH/s was reported again).

[virtualdn]

$80K? That's pennies. BTC should be in the $xxx,xxx range. Great times waiting ahead, HODL, avoid the FUD and enjoy the ride folks!

[hd49728]

Bitcoin Stock to Flow Model points out a mid-price is about $100,000. It's price at mid line of this bull run. See that model with buybitcoinworldwide

Mayer Multiple Bands show the top would be higher than $200,000.
Mayer bands on buybitcoinworldwide

$80k, good but not the top of Bitcoin.

[dark1234]

we can't understand, will we believe them, because their opinion is just an opinion drive to buy as much as possible or just want to drop while in reality until now the price and value of bitcoin has not changed at the lowest level instead it always falls on the correction market with a higher level than the previous year's correction market

[Saidasun]

I know that one reason is the big drop in hash rate, but I think that's over reacting. The hash rate is already getting back up (for today 120 EH/s was reported again).

Its a combination of the hash rate and natural occurrence as currencies and this is not isolated to cryptocurrencies but fiat too currencies will always have a natural variance where they dip and rise and when you combine that with things like the global hash rate dropping you are going to see some short term effects however even that is caused by natural variance too.

[poldanmig]

PAC Protocol CEO David Gokhstein shared his views on the latest bitcoin status on Twitter.
In particular, Gokhstein called the current market reversal "super necessary" to keep up the price of the flagship cryptocurrency, Bitcoin. According to him, the next step in the price of bitcoin will probably be $ 80,000.

I hope that what David Gokhstein predicts can come true in the near future, even though bitcoin is currently in a pretty bad trend, it is possible that the price could rise suddenly, especially now that bitcoin is being accepted by the world community as a promising investment asset and also as a currency that can indeed be used anywhere with fast transactions and in various countries in the world, now what bitcoin needs is positive sentiment/news so that it can push bitcoin prices back to the top.

[Yaunfitda]

I know that one reason is the big drop in hash rate, but I think that's over reacting. The hash rate is already getting back up (for today 120 EH/s was reported again).

Its a combination of the hash rate and natural occurrence as currencies and this is not isolated to cryptocurrencies but fiat too currencies will always have a natural variance where they dip and rise and when you combine that with things like the global hash rate dropping you are going to see some short term effects however even that is caused by natural variance too.

No, the problem with the hashrate dropping is because of Chinese miners pulling the plug, so it's not a natural occurrence, it has drastic effect on the market. But as @NeuroticFish it's slowly getting back to normal range, if I'm not mistaken it even drop for <100 EH/s for weeks.

As for his prediction, take it with a grain of salt, obviously, he has some narrative behind and just like the rest of us, this is just a wild and educated guess.

[magneto]

He's literally a person who is known for being a crypto investor. What else do you expect from him?

The problem with these predictions is that they have absolutely no basis. If you select 100 random people, and tell each one to give you a random number, at least one person is probably going to give you a number that is close to BTC's price in one year.

People confuse accuracy of prediction with luck. This guy clearly has not provided any proven basis for his analysis, and until he provides anything more than the arbitrary narrative that banks are trying to get people to sell their coins, any accurate predictions he may make in the future should be considered to be lucky. $80k could certainly come, but probably not due to the reasons that he has listed.

[Obito]

$80K? That's pennies. BTC should be in the $xxx,xxx range. Great times waiting ahead, HODL, avoid the FUD and enjoy the ride folks!

I think that prediction is a safe estimate because he doesn't seem to want to be wrong with his prediction so he wants it to be much closer to the current ATH. I do hope that you people who say the price should be six figures will make it come true because I am currently hodling a considerable amount of bitcoin in my and I want to get as much profit as I can now that the prices aren't going that wild yet.

[DOH!]

It is still too early in Q3 to determine the scenario that ATH is inherently only at 64k or not, we are still in a weak cycle but it is not necessary for it to make a loss.  Can we get to 72k and go straight to $100k, it's a puzzle where removing the high leverage pool before balancing will happen.

Source: https://twitter.com/100trillionusd/status/1411287372956942337?s=21

[BrewMaster]

$80K? That's pennies. BTC should be in the $xxx,xxx range. Great times waiting ahead, HODL, avoid the FUD and enjoy the ride folks!

the low price predictions is the newbie mentality who have zoomed in the charts so much so that they can not see the bigger picture. it is funny that they were predicting $100k+ last time price was $30k just because it was on the rise but now that price hasn't been rising for a short time they are bringing their prediction down and some even reversed it and are predicting a bigger dump!!!

it shows how random some of these so called "predictions" are.

[Dhaniii]

$80K? That's pennies. BTC should be in the $xxx,xxx range. Great times waiting ahead, HODL, avoid the FUD and enjoy the ride folks!

the low price predictions is the newbie mentality who have zoomed in the charts so much so that they can not see the bigger picture. it is funny that they were predicting $100k+ last time price was $30k just because it was on the rise but now that price hasn't been rising for a short time they are bringing their prediction down and some even reversed it and are predicting a bigger dump!!!

it shows how random some of these so called "predictions" are.

predictions are sometimes unreasonable and too exaggerated. to be able to go up $ 80k, bitcoin must refuel a lot to be able to fly to the moon. I guess it took a long time to get there.
bitcoin can get above $45k that's very lucky, the fact that every week it rises 0.1% and decreases 0.2%.

[el kaka22]

I can't say I disagree with him, I can't say I agree with him, this is just a basically known thing that bitcoin WILL be 80k one day, I just can't give time that is the thing. Bitcoin going down and having a correction was a needed thing as well that's true, there were way too many leverages that got so thin that with just one drop rest was easy, all of that 50% drop from the peak weren't just people selling, it was debt getting liquidated like crazy as well, unintended drop to be precise, just didn't had enough money left to get it back up again and that's why we are here.

I believe that we will see 80k, but it may take some time for all crypto world to get together and find enough hype and money to get the price higher again, I personally believe that it may be in 2022 instead of this year, or if it happens this year it should be very late into the year.

[Renampun]

...

I still believe that the price of BTC will pass $ 100k...

every CEO has their own view of the possible future price of BTC but I continue to follow the price predictions from the @100trillionusd Twitter account, his/her analysis is really good.