News for hackers. Stuff that matters.
Re:Bitcoin Breaches $34,000 as Rally Extends into New Year by bluedevil2k on Sunday January 03, 2021 @11:28AM (#25622718)
> Bitcoin should eventually climb to about about $400,000, Scott Minerd, chief investment officer of Guggenheim Investments, told Bloomberg Television in a Dec. 16 interview

Wild speculation if you ask me. I don't think anyone can predict where the price is going. These same guys were saying $50k in 2017.

Re:Bitcoin Breaches $34,000 as Rally Extends into New Year by paulgb on Sunday January 03, 2021 @11:33AM (#25622763)
If organizations like Bloomberg are going to quote people's price predictions, they should have a way of tracking the accuracy of people's past predictions. Otherwise, this is just noise: of course people holding an instrument want you to believe it will go up. (This isn't crypto-specific; the same applies to equities etc.)
Re:Bitcoin Breaches $34,000 as Rally Extends into New Year by josu on Sunday January 03, 2021 @12:52PM (#25623416)
The rule in finance is that if you give a timeframe don't give a number, and if you give a number, don't give a timeframe. This way you are never wrong, and you may eventually be right.
Re:Bitcoin Breaches $34,000 as Rally Extends into New Year by blunte on Sunday January 03, 2021 @11:30AM (#25622736)
I don't think anyone with any credibility says things like this unless they are either capable of manipulating the price (or know someone who is, and who will), or unless they are trying to hype it for short term gain.
Re:Bitcoin Breaches $34,000 as Rally Extends into New Year by mam2 on Sunday January 03, 2021 @11:31AM (#25622744)
But some people proably ARE manipulating the price. Who are they ?
Re:Bitcoin Breaches $34,000 as Rally Extends into New Year by jboggan on Sunday January 03, 2021 @11:33AM (#25622768)
Tether.
Re:Bitcoin Breaches $34,000 as Rally Extends into New Year by mancerayder on Sunday January 03, 2021 @12:30PM (#25623228)
Still? I thought they got shut down. They were in the government's bullseye for quite a while.
Re:Bitcoin Breaches $34,000 as Rally Extends into New Year by blymd on Sunday January 03, 2021 @07:28PM (#25626679)
Nope, still alive and kicking. Still no proof they're doing something illegal. If there was proof, it wouldn't exist anymore.
Re:Bitcoin Breaches $34,000 as Rally Extends into New Year by albertshin on Monday January 04, 2021 @12:17AM (#25628126)
I always find it amusing that prominent investors can move the markets with these interviews regardless of the validity of the underlying statement they make (and how they're probably very much aware of this...)
Re:Bitcoin Breaches $34,000 as Rally Extends into New Year by wmf on Sunday January 03, 2021 @01:02PM (#25623523)
$400K would be justified if Bitcoin replaces gold.
Re:Bitcoin Breaches $34,000 as Rally Extends into New Year by bluedevil2k on Sunday January 03, 2021 @01:23PM (#25623689)
More crazy and wild speculation