It’s the last week of the 2017, which means it’s time to get inundated with silly bitcoin price predictions for 2018! When it comes to bitcoin, few things are as worthless as Wall Street analysts’ prognostications. For one, you have an asset solely priced on volatile supply and demand. While total supply is known, how much can and will hit the market is anyone’s guess, so long as that number is under 17 million coins at any given time. On the demand side, retail appetite, regulations, and the influx of institutional money are also all up in the air. Yet analysts need to get paid and what better way to…
Pauline Frederick in "Potiphar's Wife"; not all that different than how bitcoin price predictions are made (Creative Commons via Bain News Service).