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
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.
Bitcoin to $100,000, ether to $5,000: Famed investment strategist Lyn Alden explains her bullish predictions
Bitcoin could soar to $100,000 by the end of next year as demand rapidly exceeds supply, a crypto investor says
Bitcoin to peak at $100,000
Here's how bitcoin could chart a path to $100,000 — and how ether could reach $4,000 again
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.
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