Price of Bitcoin 2023?

It’s currently trading around the $16,000 point… but venture capitalist Tim Draper predicts it’ll be worth $250,000 by mid-2023.

Galaxy Digital CEO Mike Novogratz disagrees with Draper, however. Because he thinks it’ll be worth a colossal $500,000 by 2025.

And splitting the difference between those two is crypto analyst Dave The Wave, who says it’ll be worth $350,000… but not until December 2027.

While Mark Yusko of Morgan Creek Capital thinks it’ll be worth $250,000 ‘in the long run’.

Meanwhile, on the less optimistic side, Standard Chartered say they can foresee a potential scenario in 2023 where Bitcoin drops to $5,000.

It’s a pretty broad range of predictions — and on a wide range of time scales from a relatively precise ‘summer 2023’ via a nicely distant ‘December 2027’ to the incredibly vague ‘in the long run’.

But what’s going to happen to these great prophets when they’re inevitably proved wrong? Who’s going to call them out? And will they have good excuses or explanations for being wrong?