Ton Weiss, Mike McGlone, and Other Experts Who Have Been Giving Bad Predictions in Recent Months
Bitcoin for $ 100 thousand
In mid-November, trader Ton Weiss suggested that Bitcoin had already “bottomed out” and would soon return to growth. Then the first cryptocurrency was trading at $ 58.3 thousand.Weiss predicted that in the next few weeks the asset rate will set a new historical maximum at levels above $ 70 thousand, and at the beginning of next year it will reach $ 100 thousand.
In September, Mike McGlone, Bloomberg’s chief commodity strategist, spoke about the rise in the bitcoin rate to $ 100 thousand. The analyst argued that the price of the first cryptocurrency will rise to this level by the end of the year.
Completion of the correction soon
At the end of November, renowned analyst Willie Wu predicted that the correction in the cryptocurrency market would end soon. According to him, this is indicated by various on-chain metrics that look “healthy”. Wu explained that the first cryptocurrency is now in the final phase of accumulation before returning to gains. The analyst argued that Bitcoin could start an active recovery in the next few days.
The collapse of financial markets and bitcoin
Bestselling author of Rich Dad Poor Dad, Robert Kiyosaki, predicted the collapse of financial markets in October. According to Kiyosaki, the value of all assets, including bitcoin, gold and securities, should have collapsed.
“This will be the biggest crash in world history. We have never had such a large debt. Debt is the biggest problem … the debt to GDP ratio is out of sync. So when it comes to an end, and it crashes everything, I’m going to buy more gold, silver and bitcoins, ”said Kiyosaki.
In December, he again predicted that the value of gold, silver, bitcoin and real estate could soon collapse. However, this time, Kiyosaki did not name a specific date.
In fact, bitcoin continued to fall in price, and on December 4, its rate fell by 20%, at the moment dropping to $ 42 thousand.As of December 25, the price of the first cryptocurrency is $ 50.8 thousand.
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