‘Most Crypto-Foward’ RIA Slams Bitcoin Forecasts From Michael Saylor, Others: ‘Disvalues It To Me’
“I think that’s a ridiculous number.”
Tyrone Ross Jr. of 401 Financial didn’t mince words when it comes to the hysteria around Bitcoin (CRYTO:BTC) in the lead up to $100,000. What really struck him was some of the price targets thrown around by Microstrategy (NASDAQ:MSTR) exec Michael Saylor, among others, who floated the idea that the price per Bitcoin at $13 million was within reach for the largest cryptocurrency by market value.
Saylor’s predictions were among a plethora floated in recent months. From Wall Street analysts at Bernstein and Ark Invest’s Cathie Wood to SkyBridge Capital’s Anthony Scaramucci, who earlier this year called for Bitcoin to reach anywhere from $150,000 to $200,000 in the next 12 months to $1 million within a couple of years.
“I wish we could all have his conviction,” Ross laughed, in reference to Saylor’s call for an even more ambitious …
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