Most of these articles and big companies setting dubious price targets like $100k, $500k, $1M for BTC, or what not. Are likely just searching for exit liquidity…Be careful.

We have all seen countless articles or interviews by now, where some so-called “analysts“ or “experts“ think they know everything and put out some oddly specific price targets for BTC or other Crypto assets. We all know that they are just complete BS and just there to grab some attention.

But over the last months there has also been an increasing trend for whole financial corporations to do the same and even CEOs of some of the biggest firms are making similar price predictions, which will result in nothing as even the richest person in this world has no clue what Crypto is doing next without manipulating it themselves (looking at you Elon)

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https://preview.redd.it/4oibzwnft1pb1.jpg?945&format=pjpg&auto=webp&s=baa7e027889351d61fe596b48b685a94f2dd7274

Here we can just see some of the snippets from big firms predicting delusive things like $180k by End of Year in the middle of a bear market. Why are they doing that? The only logical answer seems to be that their big price predictions are used to generate hype in the retail, which if full people who just don‘t know better and would definitely trust the words of some of the biggest finance firms.

All of this is just to generate some exit liquidity for an asset they own themselves, every such prediction is made by people who own the asset themselves and will sell as quick as possible. We should not fall for that trap and really stop (also warn others) trusting these apparently “big personalities“.