From $250,000 to $10,000 value calls: How market place watchers bought it incorrect with bitcoin in 2022

From 0,000 to ,000 value calls: How market place watchers bought it incorrect with bitcoin in 2022


Key Points
  • From Tim Draper to leading crypto bosses, the industry was awash with pundits predicting new document highs for bitcoin in 2022.
  • Other market place players were much less optimistic, and some appropriately referred to as bitcoin sinking beneath the $20,000 mark, even as very low as $10,000.
  • But the failure of stablecoin terraUSD, liquidity issues across the crypto business and the dramatic collapse of the FTX exchange, shocked buyers and despatched ripples as a result of the current market.



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