He published a tweet with a “quote” that seems to be made up of multiple doubts expressed publicly by various Bitcoin critics when the world’s largest cryptocurrency traded at $10,000. But Mow said that it was one NPS analyst, without revealing the name.
“If you’re going to make price predictions at least base them on reality,” he added. Overall, if this was indeed a quote by an analyst, it may be one from a Twitter conversation between him and Mow, but the latter did not share any details.
In a comment, Samson Mow published a screenshot that shows that Bitcoin is currently, indeed, the seventh largest asset in terms of market capitalization size, and the Saudi Aramco oil refineries sit in eighth place, right after BTC. Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL) (the Google parent company), Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL) are ahead of Bitcoin on the list.
That analyst stated that hitting $1,000 for BTC would be “10x” (as in the tweet above), and that it was, according to the analyst, “just not possible.” He assumed that the maximum possible price for Bitcoin would be $200 but not $1,000. Those who believed it would go much higher were “just smoking pure hopium,” he stated.
At the time of this writing, Bitcoin is changing hands at $102,221 after staging a 2.13% rise over the last 24 hours. Over the past week, BTC has surged by more than 12%, rising from $90,680 to the current $102,200 zone.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
