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Recently, a well-known financial analyst publicly predicted that Bitcoin will drop to $10,000 by 2026. Seeing this argument, I have to say— we've heard this kind of rhetoric too many times before.
Looking at this institution's predictions for Bitcoin over the years, it’s truly a living history of "face-slapping."
In 2018, when Bitcoin was approaching $10,000, they confidently claimed it would fall to $1,500. What happened? Bitcoin dropped to $3,200, which was more than double their prediction. In 2021, it was even more outrageous—they predicted it would break $400,000, but ultimately Bitcoin only reached $69,000. Their hit rate is really hard to believe.
So the question is, why do their predictions always fall flat?
This time’s logic is very familiar— they think Bitcoin faces thousands of competitors, like silver, platinum, palladium, and other traditional precious metals vying for market share. But they overlook a fundamental fact: Bitcoin is not a substitute for these assets. It has network effects, decentralization, and scarcity—these unique qualities cannot be replicated by traditional assets. No matter how many other cryptocurrencies there are, they cannot change Bitcoin’s status as "digital gold."
Instead, what’s more worth our attention is another question— if gold continues to rise, will the US stock market and Bitcoin follow suit? That’s definitely worth pondering. But compared to baseless bearish predictions, I am more inclined to believe that Bitcoin has enough resilience to stand firm in the new market environment. Its growth potential and hedging properties won’t disappear after one or two corrections.
To put it simply, the crypto market ecosystem is far more complex than these single predictions. Bitcoin has already proven it can maintain vitality amid global economic fluctuations. One prediction cannot change this big trend.