On February 14, Jim Rickards predicted Bitcoin would plunge to $200 today. Let’s compare his prediction to actual results.
Bitcoin Futures
As of 6:00 PM central on April 17, I note that Bitcoin is at $7,895.
Whale Dumps
That huge red candle today is a result of Bitcoin Whales Dumping $100 Million of Digital Currency in 24 Hours.
Had Rickards predicted Bitcoin would drop $200 today instead of dropping to $200 he would have been accurate.
I am not a believer in Bitcoin, even though I am a believer in the technology. Regardless of what one believes, that was an idiotic prediction by Rickards.
I do not mind bad calls. I have a collection of them myself. However, I rather doubt Rickards believed his own call.
It was clickbait to get one to purchase some product. I cannot stand this kind of shill reporting.
In regards to Bitcoin, here’s my take: Don’t Hate Bitcoin, It’s a Free Market Construct! But “Wishes Aren’t Fishes”
Mike “Mish” Shedlock
If people where not biting on the bait tossed out by Rickards, Dent, goldbugs and others with agenda’s, they would be out of business. But, as we know, there’s a sucker born everyday – like the ones that believe the dollar and stocks will crash any day, and you will be safe in govt bonds.
has been remarkable accurate, so long as you do the opposite.
Heck, I bought some gold recently based on Dent’s forecast (that it would fall). He
LOL reading the comments about Harry Dent above. Rickards is in the same category – always making idiotic predictions.
My experience has shown me that anyone who says that some specific thing X will happen on some specific date D, always turns out to be completely wrong about that.
Is the SDR still going to be the world currency too?
Apparently Rickards thinks Harry Dent is on to something with his ridiculous forecasts. They are so bad I delete any website that even has a Harry Dent ad.
I like some of Rickards writing but he’s almost as bad as Dent for clickbait predictions.
Which is a worse call? Those that predicted Bitcoin would go to $1 million or this prediction?