How Cathie Wood, Mike Novogratz, and Michael Saylor’s 2024 Bitcoin Predictions Came Out – DL News

Bitcoin is going down? Bitcoin rising? Is Bitcoin really rising?

It’s a prediction game that crypto lecturers love.

As 2024 draws to a close, the industry’s leading lights are once again sharing their guesses for the new year.

VanEck, investment management company, He said That 2025 will continue to bring new highs for the Bitcoin and cryptocurrency market.

Noelle Acheson, cryptocurrency analyst, He said The price of Bitcoin will exceed $125,000.

But, as forecasts increase, let’s not forget the distribution of scores among our past forecasters.

Below is a non-exhaustive list of previous predictions for 2024 from prominent figures in the cryptocurrency space such as Mike Novogratz, Arthur Hayes, and Tim Draper.

Bears

Cryptocurrency executives are not pessimistic about cryptocurrencies. After all, they have dedicated their careers to this industry.

However, compared to the amazing Bitcoin price predictions for 2024, Arthur Hayes, VanEck, and Bitwise were bearish.

Hayes, co-founder of cryptocurrency exchange BitMEX and founder of family office Maelstrom Fund, anticipation In October 2023, Bitcoin will rise to around $70,000 by the end of 2024.

Bitwise, an institutional cryptocurrency investment firm, He said In my year-end note in 2023, I predicted that Bitcoin would trade above $80,000 and hit a new all-time high.

And analysts from VanEck, the financial company that has ventured into the cryptocurrency space, anticipation In December 2023, Bitcoin will reach an all-time high in the last quarter of 2024. They did not provide a price target.

With their more carefully crafted predictions, Bitwise and VanEck proved correct. In the fourth quarter of 2024, Bitcoin reached all-time highs and surpassed $100,000 for the first time.

While Hayes downplayed Bitcoin’s upcoming upside, that doesn’t mean he’s pessimistic.

He announced that by the end of 2026, Bitcoin will reach between $750,000 and $1 million.

Bulls

Tim Draper, Standard Chartered, or Matrixport benefited from Hobium slightly more than Hayes, Van Eck, and Bitwise.

In 2018, Draper, a prominent venture capital investor, anticipation Bitcoin will rise to $250,000 in 2022.

Bitcoin did not reach the quarter million mark that year, so, in January 2023, it did He said The cryptocurrency will rise to $250,000 by the end of the year.

Bitcoin failed to comply, but Draper was not deterred.

In April 2024, he raised his forecast again Announce Following the momentum generated by the launch of spot exchange-traded funds, Bitcoin will finally reach $250,000 by the end of 2024.

In November, Draper and… He said Bitcoin will reach $120,000 by December.

Likewise, an analyst at Matrixport, a crypto financial services platform, predicted in July 2023 that Bitcoin would rise to $125,000 by 2024.

Analysts at Standard Chartered Bank, one of the largest banks in the United Kingdom, initially predicted that the price of Bitcoin would rise to… $120,000 In 2024, then $150,000before finally settling down $125,000.

Although it’s not far off, Draper, Matrixport, and Standard Chartered have surpassed the final price of Bitcoin in 2024 by about $20,000.

Dreamers

Could a cryptocurrency executive overdose on hopium?

Cathie Wood, Michael Saylor, and Mike Novogratz have all tried.

In 2021, Novogratz, CEO of cryptocurrency investment firm Galaxy Digital, Announce That in 2024, the price of Bitcoin will reach $500,000.

But in March he rose He saidin one of the most accurate predictions of the year, that the price of Bitcoin will reach $100,000.

Cathie Wood’s ARK Invest, an investment firm that has acquired crypto and cryptocurrency stocks, was more optimistic.

Bitcoin will take a hit, the company said $500,000 By 2026 and 1 million dollars By 2030.

But Wood and Novogratz pale in comparison to the laser-eyed Michael Saylor.

Founder and President of MicroStrategy has Announce Bitcoin will reach $13 million per coin by 2045.

Maybe Saylor would be right. Or maybe, like most other crypto executives, he’ll be way off the mark.

Ben Weiss DL News“Dubai correspondent. Got a tip? Email him at bweiss@dlnews.com.