Who predicted 350K in 2025? I'm not talking about Michael Saylor because I don't take his predictions seriously.
Not everyone, but many people predicted $350k and even that was a modest prediction. Many even dream of a $1 million price per bitcoin when Trump legalizes bitcoin as a strategic reserve in 2025.
My prediction is that the Bitcoin price might go back to 100K USD by the end of 2025, but this is the optimistic scenario. The price might be going to down to 70K in the next few weeks, so a lot of weak hands are going to panic sell and lose money. The bloodbath on the markets will continue.
You are probably the only person I see predicting bitcoin price to hit $100k by the end of 2025. Most are very optimistic and believe that the bull season has just begun, bitcoin price will continue to rise this year and the lowest target is $150k.
Since November, December last year, most people expected bitcoin to hit $150k in Q1 of this year, so if BTC drops to $70k, this would really cause a panic sell.
Would I buy BTC when the price hits 3K USD? Probably not. If the price goes below 5-10K USD, this means that Bitcoin is coming to an end as a profitable speculative financial asset.
Bitcoin has grown and become much larger than it was many years ago, so a sudden 80-90% drop in price is unusual. I wouldn't rush to buy bitcoin if the price drops to $3,000, I wouldn't invest blindly.