Post
Topic
Board Speculation
Re: Bloomberg analyst says bitcoin can fall to $10000
by
m2017
on 09/04/2025, 16:13:26 UTC
This is the link where you can watch the YouTube video: https://youtu.be/-_q8kQrIdXA?si=aYnfr68oglrDSWxN

This is the stupidest prediction that I have even heard of recently. People should stop believing this people that might be bitcoin critics. I think this bitcoin analysts Mike McGlone is one of them.

I do not know this man but my conclus is simple. He is not an analyst at all.
During all my time of passion for investments, I realized only one thing: analysts know no more than others. Every time we hear their loud statements about the upcoming price, but in fact, we never see the results of their forecasts. No matter how famous the companies they worked for were. If I used to be skeptical about their statements, now I don’t believe a single word they say.

If an analyst managed to accurately predict once, it does not mean that all his forecasts will come true. He just guessed by chance.

If I knew more than others in terms of analysis and the future price of any asset, I would never talk about it on YouTube for any amount of money.