Just a over month ago, the cryptosphere resembled a post-apocalyptic wasteland.
The FTX (CRYPTO: FTT) fallout, regulatory headwinds and global economic tremors had left investors cowering under a blanket of fear.
Bitcoin (CRYPTO: BTC), the once-mighty digital messiah, was dethroned, its price unceremoniously down below $20,000. Altcoins, once vibrant ecosystems, lay dormant.
But amidst the despair, whispers of hope began to flicker.
A small band of crypto pundits, refusing to succumb to the prevailing pessimism, dared to predict a coming resurrection.
They were ridiculed and dismissed. Yet, today, those voices echo with the triumphant thunder of a market reborn, roaring back to life, each green tick a vindication of their audacious pronouncements.
Let’s take a moment to commemorate these modern-day Oracles and revisit their pronouncements.
Standard Chartered: Leading the charge were the analysts at Standard Chartered.
In late October, amidst the smoldering ashes of FTX, they boldly reaffirmed their April prediction: Bitcoin hitting the six-figure mark by 2024’s end.
Their gospel?
A potent cocktail of a potential a U.S. spot Bitcoin ETF approval and institutional investors finally warming up to the digital gold rush.
Matrixport: Standard Chartered wasn’t the only one raising the hallelujah chorus.
Matrixport, a crypto financial services Goliath, upped the ante, predicting Bitcoin’s ascent to $56,000 by year-end and a mind-boggling $65,000 by early next year.
Their conviction stemmed from the belief that the FTX saga and Binance’s regulatory truce had cleansed the air, paving the way for a laser focus on blockchain’s revolutionary potential.
Tim Draper: The ever-optimistic venture capitalist, Draper remained unfazed by the market’s nosedive. In November, he doubled down on his $250,000 Bitcoin prophecy by 2025, citing the likes of Tesla Inc (NASDAQ: TSLA) and Microsoft Corp (NASDAQ: MSFT) embracing the crypto as a testament to its inevitable mainstream adoption.
Also Read: Franklin Templeton CEO Jenny Johnson Holds Bitcoin, Ether, Sushiswap, Uniswap In Her Portfolio
Samson Mow: The CEO of crypto firm JAN3, took a victory lap into the future, predicting Bitcoin’s potential to breach the $1 million mark within the next five years.
His reasoning?
Bitcoin’s inherent scarcity and its…
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