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Business Insider a few months ago: “Bitcoin price to $100k”. Business Insider now: “Bitcoin's slump could be the start of a crypto winter”

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by COINS NEWS 252 Views

We all know nobody knows shit about fuck, but there are levels to this. I just came across this Business Insider article:

Bitcoin's slump could be the start of a 'crypto winter' that sees prices crash

https://markets.businessinsider.com/news/currencies/bitcoin-price-crypto-winter-crash-slump-interest-rates-regulation-ubs-2022-1?op=1

Waaaittt a minute. A few months ago, Business Insider had dozens of articles written by journalists and analysts claiming that Bitcoin was going to $100k. What happened to those predictions?

These are no ordinary people doing some woo-woo. These are so-called experts, analysts, researchers or strategists. (You might argue that they are ordinary people doing some woo-woo, since they’re wrong 9 out of 10 times, lol.)

Just have a look at the Business Insider headlines a few months ago:

Bitcoin just surpassed all-time-highs, soaring above $66,000. A chief market strategist lays out why $100,000 is the next stop.

https://www.businessinsider.com/bitcoin-price-prediction-rise-to-64000-100000-better-than-ether-2021-10

Bitcoin to $100,000, ether to $5,000: Famed investment strategist Lyn Alden explains her bullish predictions

https://www.businessinsider.nl/bitcoin-ethereum-cardano-solana-crypto-bull-best-altcoins-to-watch-2021-8/

Bitcoin could soar to $100,000 by the end of next year as demand rapidly exceeds supply, a crypto investor says

https://markets.businessinsider.com/currencies/news/bitcoin-price-bullish-view-anthony-pompliano-halving-supply-demand-record-highs-2020-11-1029839786

Bitcoin to peak at $100,000

https://www.businessinsider.com/bitcoin-price-forecast-peak-six-figures-halving-analysis-bitboy-crypto-2021-12

Here's how bitcoin could chart a path to $100,000 — and how ether could reach $4,000 again

https://www.businessinsider.com/crypto-price-prediction-bitcoin-ether-outlook-investing-strategy-analysis-bull-2021-8

I don’t care about price predictions, but it is fascinating how “solid analysis” can change in just a few months time. A gentle reminder to not give a fuck about what so-called experts are saying. It’s hard to predict things in an irrational market.

submitted by /u/damnsonwhyyoutrippin
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