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Checking in On Rickards' Bitcoin Crash Prediction

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Mish

Global Economic Analysis

Published : April 18th, 2018

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Category : Crisis Watch


	In February, Jim Rickards predicted Bitcoin would plunge to $200 on April 17. Let's compare to actual results. On February 14, Jim Rickards predicted Bitcoin would plunge to $200 today. Let's compare his prediction to actual results. Bitcoin Futures As of 6:00 PM central on April 17, I note that Bitcoin is at $7,895. Whale Dumps That huge red candle today is a result of Bitcoin Whales Dumping $100 Million of Digital Currency in 24 Hours. Had Rickards predicted Bitcoin would drop $200 today instead of dropping to $200 he would have been accurate. I am not a believer in Bitcoin. even though I am a believer in the technology. Regardless of what one believes that was an idiotic prediction by Rickards. I do not mind bad calls. I have a collection of them myself. However, I rather doubt Rickards believed his own call. It was clickbait to get one to purchase some product. I cannot stand this kind of shill reporting. In regards to Bitcoin, here's my take: Don't Hate Bitcoin, It's a Free Market Construct! But "Wishes Aren't Fishes"

Source : www.themaven.net

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Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com

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