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The pseudonymous “Plan B” made a bold Bitcoin prediction in June, when BTC was changing hands for $35,000, having crashed from $64,000.
The Dutch former institutional investor with decades of experience in financial markets said that his “worst-case scenario” for Bitcoin was “Aug 47K, Sep 43K, Oct 63K, Nov 98K, Dec 135K.”
He was right about August and September and only 1 day off for October which just broke above $63K this morning. Plan B tweeted that his three percent “rounding error” for October was “close enough for me”.
In other trending Bitcoin News today: Macro Guru Raoul Pal Unveils Massive Ethereum Allocation, Says Demand Shock for ETH Far Greater Than Bitcoin!
The former Goldman Sachs executive tells Real Vision’s 569,000 YouTube subscribers that he’s bullish on ETH because the cash generated in the Ethereum ecosystem is about 100x the rest of the entire space combined.
He also argues that a demand shock could be coming to Ethereum due to the various use cases of the leading smart contract platform.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
https://cointelegraph.com/news/bitcoin-price-hits-1-week-high-in-minutes-on-sudden-1-5k-gains