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Is The Viral 4chan Bitcoin Prophet Back? New $1M Price Forecast Raises Doubts

CCN
A viral post claiming the return of the 4chan Bitcoin prophet with a $1M BTC forecast is being scrutinized due to mismatched evidence.

Summary

A recent viral post on X has reignited discussion about the anonymous "4chan Bitcoin prophet," famous for accurately calling Bitcoin's December 2018 bottom, by circulating a new prediction for Bitcoin to hit $1 million and Ethereum $100,000 by the end of 2026. However, scrutiny of the alleged post reveals significant inconsistencies, particularly concerning the thread number, which suggests the screenshot is likely fabricated, as thread numbers have increased into the tens of millions since the original 2019 post. While some high-profile figures, like Eric Trump and ARK Invest, maintain bullish long-term price targets for Bitcoin, others, such as Bloomberg Intelligence analyst Mike McGlone and Financial Times columnist Jemima Kelly, warn of severe downside risk, citing factors like the dilution of scarcity and a lack of inherent value.

(Source:CCN)