Ultra-rich Bitcoin investor and crypto analyst Trace Mayer has predicted that $20,000 bitcoin price will be another tiny blip on the price chart.
The crypto expert, who participated in Kraken Exchange and BitBay seed funding, opined that the Bitcoin price will happen unexpectedly.
One thing I learned from riding all the $BTC bull & bear markets?
That $20,000 #Bitcoin will be just another tiny blip on the price chart. #HODLGANG 🚀@bitstein @francispouliot_ @TuurDemeester @pierre_rochard @APompliano @theonevortex @ToneVays @jespow @woonomic @WhalePanda pic.twitter.com/bUp6RProeY
— Trace Mayer (@TraceMayer) April 1, 2019
In 2017, Trace Mayer said Bitcoin was at present undervalued, pointing that in February 2018 (four months after he spoke), the price of Bitcoin would be around $27,395. His prediction, as at then, was based on the steady increase of Bitcoin’s 200 days moving average.
He extrapolated the upsurge of the 200-day moving average, predicting it will hit $5,767 by February. He asserted that a per-coin value of 4.75 times the moving average, or $27,395, would be a “fair” price, Cointelegraph published.
He said on Twitter: “A good month of $BTC consolidation. 200 day moving average rising well. The next six months should be very interesting & fun.”
— Trace Mayer (@TraceMayer) October 9, 2017
Trace is said to be among the maiden renowned bloggers to declare support for Bitcoin while also recommending it to people. When he recommended Bitcoin to his followers, the price of one BTC was just a meagre amount –$0.25.
The bitcoin investor made a lot from Bitcoin. To show that he has enormous wealth, the crypto expert challenged Roger Ver to a 25,000 BTC wager.
I agree. 250 BTC not cool; 25,000 BTC cool. If GMax does atomic swaps to cryptographically ensure enforceability then let's play @rogerkver
— Trace Mayer (@TraceMayer) September 30, 2017
He says about himself:
“An entrepreneur, investor, journalist, monetary scientist and ardent defender of the freedom of speech. Trace Mayer holds degrees in accounting and law. He studied Austrian economics focusing on Murray Rothbard and Ludwig von Mises.”
The crypto pundit, like other experts, is bullish on the price of BTC, and believes the digital asset will go higher when BTC lovers are not prepared, hence, the need for them to HODL.