Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
Samson MauA vocal Bitcoin supporter and CEO of JAN3, posted a tweet to take a jab at those critics who doubted BTC's ability to rise to $100,000 and surpass Saudi Aramco in terms of market cap size.
He posted a tweet containing a "quote" that appears to consist of multiple doubts publicly expressed by many Bitcoin critics when the world's largest cryptocurrency was trading at $10,000. But Mo said he was one of the NPS analysts, without revealing the name.
Moe reminds us that Bitcoin has overtaken Saudi Aramco
Mao posted a tweet that he said was originally issued by "some random NPC analyst from the past." The tweet shares the author's doubts that Bitcoin will be able to see an increase from $10,000 to $100,000. This "would make it the seventh largest asset by market capitalization, ahead of Saudi Aramco," the Bitcoin critic said.
"If you're going to make a price forecast, at least make it based on reality," he added. Overall, if this is indeed a quote from an analyst, it may be from a Twitter conversation between him and Mow, but the latter has not shared any details.
In a comment, Samson Mow posted a screenshot showing that Bitcoin is currently the seventh-largest asset by market cap size, and Saudi Aramco's oil refineries are in eighth place, just behind BTC. Amazon, Alphabet (the parent company of Google), Microsoft, and Apple lead Bitcoin on the list.
Related to
Bitcoin's Rise Wasn't a Hopium
Earlier today, Mow posted a similar quote from an anonymous analyst from the distant past, when Bitcoin was trading at $100. The analyst predicted that the price of Bitcoin “will rise from $100 to $150 this year” (which was most likely in 2013).
This analyst stated that reaching $1,000 for Bitcoin would be “10x” (as in the tweet above), and that, according to the analyst, “is not possible.” He assumed that the maximum price of Bitcoin would be $200 but not $1,000. He added that those who thought the price would rise much higher were "just smoking pure hopium."
At the time of writing, Bitcoin is trading at $102,221 after rising 2.13% over the past 24 hours. Over the past week, Bitcoin has risen more than 12%, rising from $90,680 to the current region of $102,200.
Source link