On February 14, Jim Rickards predicted Bitcoin would plunge to $200 today. Let's compare his prediction to actual results.
As of 6:00 PM central on April 17, I note that Bitcoin is at $7,895.
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