Several billionaires have made predictions about the crypto market in 2021. Let’s see how these predictions turn out.
Short top Price DOGE (Barry Silbert)
On May 8th, the day Elon Musk appeared on Saturday Night Live, Barry Silbert, CEO of the Digital Currency Group, announced the vacancy of the meme coin and urged DOGE owners to convert their profits into Bitcoin . The price has dropped 40% within 24 hours of the line tweet von Silbert and has not recovered to this day.
DOGE / USDT. Source: Tradingview
Bitcoin hits highs at $ 69,000 (Elon Musk)
On October 22nd, Elon Musk posted a meme depicting a couple lying in bed looking at a screen trading bitcoin for $ 69,000.
The largest cryptocurrency hit that price on November 10, which, ironically, is also a 2021 high.
– Elon Musk (@elonmusk) October 21, 2021
Buy SOL for $ 3 (Sam Bankman-Fried)
In a viral tweet 10, Sam Bankman-Fried, CEO of FTX, the world’s richest crypto billionaire, beat back critics of the $ 3 overvalued SOL in January.
Since then, SOL has skyrocketed, becoming one of the top performing cryptocurrencies of the year (+ 5.733%).
SOL / USDT. Source: Tradingview
US manager accept Bitcoin ETF (Mike Novogratz)
In February, Mike Novogratz, CEO of Galaxy Digital, correctly predicted that the first Bitcoin Exchange Traded Fund (ETF) would be launched in the US in 2021.
US regulators only approve Bitcoin futures ETFs, while the industry is calling for a spot version.
Novogratz also correctly predicts a Bitcoin rally in the fourth quarter.
To ignore China’s Bitcoin Ban (Michael Saylor)
MicroStrategy CEO Michael Saylor was noticed while downplaying the severity of the Bitcoin ban from China, claiming that Bitcoin would actually benefit from it. Michael Saylor tweet:
“Cracking down on Chinese miners would completely reduce the carbon footprint of bitcoin mining, increase the profits of all remaining miners, reduce China’s FUD, support progress towards the ESG goal and add value to BTC. We are very happy…”
The United States then became the largest mining center in the world and put an end to “Chinese FUD”. Earlier this month, the Bitcoin network also got stronger than ever, with the hashrate rebounding to new record highs.
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