Worst Bitcoin Price Prediction of 2019

Predictions that went wrong

Mike Novogratz: $20K

Starting off the list is a level-headed and calculated prediction made by the CEO of Galaxy Digital, Mike Novogratz. Watching the institutional interest in crypto, Novogratz assumed that the price of Bitcoin would climb to its all-time highs of $20,000 before the end of 2019.

German bank BayernLB: $90K

It’s not often that banks come out in favor of Bitcoin’s price increase. However, Munich-based, state-owned bank BayernLB predicted a huge leap for crypto. In a report published on Oct. 1, the German bank suggested that the effects of Bitcoin halving have yet to be factored into its current price considerations.

Anthony Pompliano: $100K

To give Anthony Pompliano, the founder of Morgan Creek, the benefit of doubt, his prediction for $100,000 came in 2017, before Bitcoin’s price fell from its all-time high. He later stated that BTC might go as low as $3,000, after which it will continue being bullish starting from 2019 — and that happened.

Simon Peters: $100K

On June 26, eToro analyst Simon Peters noticed that when BTC was at $11,800, it took 14 days to reach a record figure of $20,000. Basing his predictions on the same pattern, he assumed that Bitcoin would continue its parabolic trajectory even this year.

Predictions that went very wrong

Tim Draper: $250K

Billionaire and serial investor Tim Draper has been in the public eye for his Bitcoin investments. In June 2014, he purchased nearly 30,000 Bitcoin that had been seized by the U.S. Marshals Service and auctioned off to the public.

McAfee: $1M

When talking about the eccentric comments and over-the-top predictions, John McAfee has to be included. In a Forbes interview from Sept. 30, when asked about his prediction of BTC reaching $500,000 by the end of next year, he doubled down on the forecast increasing his prediction to $1 million per coin.

Peter Schiff: $4K or lower

While the aforementioned predictions were on the higher end of the spectrum from people who were over-zealous about Bitcoin, this one comes from a skeptic. In September, when Bitcoin fell from $9,700 to $8,000 in just a few hours, long-time Bitcoin skeptic Peter Schiff claimed that this massive shedding was just the beginning of the downfall, adding that, “The risk is high for a rapid descent down to $4,000 or lower!”

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