The Wildest Bitcoin Predictions Made Some Years Ago Now Make Sense

Jim Cramer and Max Keiser seem to hit it.

Bitcoin has had a spectacular run, no one can deny that. But since the peak of 2017, a number of cycles have happened.

And since ETF approvals, things have really started looking brighter.

A good way of monitoring the evolution of sentiment towards Bitcoin is to follow the keyword on Google Trends.

So let’s take a look at some common Bitcoin price predictions that were made a number of years ago.

Let’s go back to predictions made in 2021.

11 famous people had provided some educated guesses on how high Bitcoin could go, brought together on this graph by Arzdigital.com.

Check them out.

Kraken had also conducted a 2020 survey among 400 of its “VIP crypto traders” on their general sentiment versus Bitcoin.

So far the most acurate predictors were Jim Cramer and Max Keiser.

They found that the average price target for Bitcoin in 2020 was found to be $22,866.

Now, let’s take a look at some famous interviews including Bitcoin price predictions at the time.

Robert Kiyosaki predicted Bitcoin would hit 100k$

John McAfee thought Bitcoin could reach $1m by December 2020

Chamath Palihapitiya said Bitcoin was about to Explode

Chamath Palihapitiya is the Founder of Social Capital, he’s the Co-Owner of the Golden State Warriors.

He started investing in Bitcoin in 2012, and by 2013 he had bought Bitcoin for his hedge fund and private account.

He is said to have owned 5% of all Bitcoin in circulation at one point in time.

His prediction was that Bitcoin price would reach $100,000 in the next 3-4 years, adding that it would reach a price of $1 million by 2037. So far, he’s been quite acurate.

He said:

“This thing has the potential to be comparable to the value of gold…This is a fantastic hedge and store of value against autocratic regimes and banking infrastructure that we know is corrosive to how the world needs to work properly”.

Conclusion

What looked like crazy predictions at the time is now starting to make much more sense.

This is an interesting fact that should teach us a few lessons on how to approach present day predictions.

If you want to Start Trading Bitcoin

If you’re convinced by the potential of Bitcoin and want to take things further, here are a few articles I have written that might be useful.

My Long Term Bitcoin Strategy: why I believe Bitcoin is an amazing long-term opportunity;
The Top Cryptocurrency Exchanges: where and how to Buy your first coins;
The top 3 Cryptocurrency and Bitcoin analysis tools: the best charting and crypto analysis platforms.