Top 5 Unfulfilled Cryptocurrency Predictions for 2022

The editors of BeInCrypto compiled a selection of the most unfortunate cryptocurrency forecasts for this year. We remind you: take any investment advice with healthy skepticism and invest in the market only what you are ready to lose. one. $250,000 Bitcoin by Tim Draper Tim Draper is a well-known venture capitalist and the author of a number of bold predictions.. He previously said that Bitcoin (BTC) would reach $250,000 by the end of 2020, but the price of the asset at that moment did not even reach $30,000.. But this fact does not really bother Draper.. He again predicted that bitcoin would be worth $250,000, however, at the end of 2022. After the market plunged and FTX crashed, Draper told CNBC he had extended his forecast for another six months.. Please find someone who dreams of you the way Tim Draper dreamed of BTC at $250,000. This seems to be true love. Source: Trading View 2. Bitcoin at $100,000 by Willy Wu The author of The Bitcoin Forecast Substack Willy Wu predicted that this year Bitcoin will update ATH and break through the $100,000 level. A native of Hong Kong, Wu first invested in bitcoin in 2013 and has since become well known in the crypto community.. More than 1 million followers follow his on-chain analytics on Twitter. “Bitcoin price will be $100,000 by the end of next year. It doesn’t matter if we take off or fall, it can rise much higher and return, but the average line will be somewhere in the region of $100,000,” he said. 3. SOL at $447 by Nathan Sloan Nathan Sloan is more conservative and has a less impressive resume than many other analysts.. However, his Investing Made Simple YouTube channel has nearly 200,000 subscribers who listen to his investment and trading advice.. One of Sloan's most interesting predictions this year was the price of Solana. In a video posted on Jan. 8, Sloan said SOL could treble. At that time, the token was trading at $149. Unfortunately, the forecast did not come true – Solana's quotes sank by 93%, and $447 looks like a pipe dream. 4. $4,000 ETH from Mike McGlone Mike McGlone is a Senior Macro Strategist at Bloomberg Intelligence and regularly analyzes the markets.. On January 6, he predicted that ETH would end the year in the $4,000-$4,500 range.. At the time of writing, ETH is worth just over $1,200. However, McGlone's forecast can be called very conservative.. So, Coinpedia assumed that at the end of the year Ethereum would trade in the range of $6500-$7500.. True, later this figure dropped to $2500.. All this shows that even the most cautious forecasts can be wrong..
5. New all-time high for the entire cryptocurrency market from Scott Melker. He made our work easier and published a list of his own failures – the full list of failed forecasts can be found at the link. One of his main predictions was that 2022 would be a “new all-time high” for the entire market.. Unfortunately for investors and traders, none of the major cryptocurrencies reached the new ATH and the industry lost over $2 trillion in value. Disclaimer All information contained on our website is published on the principles of good faith and objectivity, and for informational purposes only.. The reader is solely responsible for any actions taken by him on the basis of information received on our website.