Renowned cryptocurrency analyst Willy Woo expressed skepticism on Monday over optimistic Bitcoin (CRYPTO: BTC) price predictions made by various institutions and individuals.
Woo Not Convinced
In an X post, Woo labeled the predictions as “all too bullish,” suggesting that they lack a basis in reality.
It’s worth noting that several of these targets have been lowered lately. For example, CitiGroup downgraded its 12-month Bitcoin price target to $112,000, while Standard Chartered cut its year-end forecast from $150,000 to $100,000.
Prominent voices, including venture capitalist Tim Draper, projected that Bitcoin would reach $250,000 in 18 months, targeting the end of 2027.
Anthony Scaramucci, founder of asset management firm SkyBridge Capital, set a $1 million price …