It is not surprising that there have been many predictions made.
The noise is so loud that it’s difficult to pick out the things you should be paying attention to or those with the best chances of success.
This week on Empire, Jason Yanowitz, Santiago Santos, and others reviewed their past predictions and made some new ones. They also gave a price forecast for bitcoin.
Start with the target price: $150k by year’s end. It’s not the most accurate prediction given Bitwise and Bernstein have both said that it may go up to $200,000 by year end.
After a bumpy end to last year, the bullish sentiments seem to be returning with bitcoin just (barely!) back over $100k. John Glover, from Ledn, believes that this quarter’s rally could reach $125,000. This would be just below the goal set by Yanowitz & Santos.
It sounds like this: If we keep on the same course, then it’s a question of when and not if.
Stablecoins was another prediction I thought plausible and interesting. Yanowitz was ready with this prediction, revealing that he made four predictions about stablecoins. Yanowitz’s biggest prediction is that it could be this year when a major bank, a technology company and a Fintech company launch stablecoins.
The lack of regulatory oversight has been the biggest hurdle for banks. Yanowitz has discussed this issue on Empire several times, but it’s possible that his prediction may not be feasible.
The Empire hosts are certainly not the only ones. Galaxy predicted we would see stablecoins backed by TradFi announced in this year.
The question I have is who will be first in the queue?
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