Bitcoin Price Could Surge To New All Time High Within Week, Claims ‘World’s Smartest Man’ — Is It Likely?
A social media personality claiming to be the "World’s Highest IQ Record Holder," YoungHoon Kim, has reiterated his bullish stance on Bitcoin, stating that its recent price weakness is a "temporary discount" caused by market manipulation. He predicts this manipulation could end within a week, potentially driving Bitcoin to a new all-time high. This follows his previous forecast from November, where he expected Bitcoin to reach $220,000 within 45 days and pledged to use his profits to build churches worldwide.
However, Kim’s predictions have been met with widespread skepticism and ridicule on social media, with many questioning the validity of his IQ claims and the logic behind his forecasts. In contrast, market analysts warn of bearish signals. CCN analyst Valdrin Tahiri points to on-chain metrics, such as the Hash Ribbon and Short-Term Holder Net Unrealized Profit/Loss indicators, suggesting Bitcoin is in a capitulation phase that could lead to further decline before a potential recovery. At the time of reporting, Bitcoin is trading at $91,452, up 6% over the past week.
ccn.com4h ago
