Fidelity Said Bitcoin Will Reach $100 Million — This is What You Really Need to Know
Bitcoin price predictions mean nothing unless you do this.
Recently, an analyst at Fidelity said Bitcoin would reach $1 billion by 2038. That is 17 years from now.
Many analysts and Bitcoin gurus have made predictions over the years and most are usually wrong. It doesn’t matter if the person had a Ph.D. in finance or investing. People have made their predictions and most were wrong.
Hedgefund manager Michael Novogratz predicted Bitcoin would reach $40,000 in 2017.
Michael Hayes, CEO of Bitmex, predicted Bitcoin would reach $50,000 in the same timeframe.
Then some people even undervalued the price of Bitcoin.
Spencer Bogart, Equity Research analyst, Needham & Co., predicted Bitcoin would reach $848 in 2017.
Elizabeth McCauley, Global Business Head at Coinsecure, said Bitcoin would reach $1,000 in 2017 and possibly go higher.
A lot of people make guesses and they were wrong. There is nothing to say that Fidelity’s analysis is correct either.
Plenty of people have done their analysis and research but there are other factors that have decreased or increased the price…
