Bitcoin (BTC) Prediction On Reddit Goes Viral
Ther have been a lot of Bitcoin predictions lately despite the falling market. A lot of them have been really bullish.
At the moment of writing this article, the crypto market is all red.
Bitcoin (BTC) is also trading in the red on CMC and the most important coin in the market is currently priced at $9,574.27.
BTC-predictions on Reddit are catching fire
Now, there are a few BTC-related predictions from an anonymous analyst which are catching fire on Reddit as reported by the online publication the Daily Hodl.
The forecast has been posted on 4chan back in January and it was mapping out BTC’s price movements until November.
According to the Daily Hodl, there’s a “screenshot of the original post shot to the top of the Bitcoin subreddit on Tuesday, along with a graph showing the predicted parabolic movement.”
The first projection said that BTC would hit at least $5,300 in April and the second one stated that BTC would surpass $9,200 by July and as you know these came true.
BTC to hit $16k by October?
The Daily Hodl said that in order fort BTC to meet the next target at $16,000 by October of this year, Bitcoin would have to climb about 60%.
The online publication said that “The anonymous author also states BTC’s dominance of the overall crypto market will sink to between 40% and 46% – far lower than today’s 68.8%.”
The post triggered a huge debate on Bitcoin’s past, present, and future price actions.
Head over to the original article to learn more.
A new BTC-related prediction goes viral
Now, Binance CEO, Changpeng Zhao has an interesting Bitcoin-related prediction that managed to become viral quickly.
If you own 1 $BTC, you are mathematically guaranteed to be top 3/1000 richest in the world, in BTC terms. (21m / 7B).
— CZ Binance (@cz_binance) August 25, 2019
He believes that one BTC could guarantee a person’s status as one of the richest people in the world.
In a new viral tweet, Zhao speculates that BTC’s limited total supply will push its investors into a rare class.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.