The volatility of bitcoin and different main cryptocurrencies makes any type of price prediction notoriously troublesome.
After an up-and-down few months for the market, analysts seem divided over which approach it heads from right here. Some consider we’re in a cool-off interval that may see the price slide to yearly lows, whereas others predict new all-time highs earlier than the tip of 2021.
To get a perspective from either side, we invited two experts to listen to their views.
Joining the dialogue was Simon Trimborn, an assistant professor on the Department of Management Sciences on the City University of Hong Kong, who mentioned his latest analysis into price predictions from cryptocurrency experts and the way they relate to precise market actions.
You can discover his paper, ‘Informative Effects of Expert Sentiment on the Return Predictability of Cryptocurrency’, right here.
Also on the panel was Fred Schebesta, a crypto advocate and founding father of comparability platform Finder.com, whose predictions about Solana’s meteoric price rise earlier this yr proved spot on.
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They mentioned latest developments within the crypto market, together with El Salvador’s rocky roll out of its Bitcoin Law and the following price crash, in addition to the cryptocurrencies they’re most enthusiastic about going ahead.
And after all, we heard their tackle bitcoin and offered them with the notoriously troublesome process of price predictions.