Throughout the 2017 crypto market bull run, bitcoin price predictions kept the crypto hype train fat and happy. Whether it was eccentric ICO promoter John McAfee promising to emasculate himself if bitcoin failed to reach $1 million within three years or Fundstrat setting a “conservative” price target at $25,000, every crypto influencer had a price target — and most represented significant upside, often in the extremely short-term.
Increasingly, though, such optimistic — and specific — bitcoin price targets seem like a relic from a bygone era. Even Tom Lee, perhaps Wall Street’s biggest crypto bull, rage-quit the bitcoin price prediction game, complaining that the market failed to recognize that the asset’s true value was far above its current level.
Against this bearish backdrop, asset management firm Lucid Investment Strategies is breaking away from the pack to make a bull call that sounds like a throwback to 2017: The bitcoin price could one day reach $10 million, become the new gold standard, and solve the world’s debt crisis.