Crypto price predictions for 2022 were so off
Bitcoin and ether price predictions were absolutely wild last year. As 2021 came to a close, ‘experts’ got 2022 all wrong…
Cryptocurrency news by Protos · Protos
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Show Notes
December meant only one thing: ’tis the season for media outlets to churn out articles wherein crypto ‘experts’ share their bitcoin and ethereum price predictions for the upcoming year. “$250,000!” one cries out. “No, $500,000!” another ‘analyst’ boldly bellows.
Hark! Thou art all mistaken. For last December, the cryptocurrency market was sharply falling from an unprecedented all-time high. Bitcoin price had peaked at $69,000 on November 10, and began falling rapidly to under $50,000 by early December.
By scouring last year’s articles about price predictions, it’s clear that a steep drop in just a month wasn’t enough to keep the loudest voices in crypto quiet. Predicting bitcoin and ethereum’s price is a fool’s errand. Here’s what those who did it anyway had to say.
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