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RE: Tom Lee - "Bitcoin will hit $25k by... 2022"

in #bitcoin6 years ago

His track record with stocks is actually extremely good. Him and his team have been better than just about anyone else over the past decade. Regarding btc, everyone talks about his misses, but if you go back to 2016 when he first came on the scene he nailed a couple of his first price predictions as well. He has missed a few as of late but I like the fact that they at least base their predictions off of data as opposed to just pulling numbers out of the air, like many of the crypto prognosticators tend to do.

He basically has two predictions.

One is based on network activity and one is based off of past cycles/trends. Not sure which one is more likely to be right. Just because bitcoin has doubled every year previously doesn't guarantee that model will continue to play out. Though we will likely have to wait till about 2021 to really put it to the test.