Looking back, it really seems like people that were calling for $10k last year sounded just as dumb as people calling for $100k in 2021.

If there were two dominant prediction for the past two years you could easily say that in our recent bear market year of 2022 it has to be the many $10k BTC predictions as we were constantly falling lower and lower for pretty much the whole year and especially after the FTX collapse we were very close to that too. Now going even further back in the big bull market year of 2021, everyone was just full of hopium and especially after our quick recovery from the China mining ban it seemed like sky is the limit and in this matter $100k for many was the sky.

Both are very relatable scenarios as I am sure that we all at a certain point were part of the people agreeing to those predictions, which really is nothing bad as everyone can do wrong predictions.

Now it just ironically happened to be that both predictions, even though they were in the exact opposite sides, were just equally wrong. Even in the most bearish and bullish moments we were equally wrong about the predictions.

Which really beautifully shows how the market functions, giving you too much hope or too much fear so that everyone thinks we will go down or go up, thus everyone just waits and no one buys/sells causing a self-fulfilling prophecy of markets doing the opposite. Because you can always remember that the price will NOT do what everyone expects it to, if that would be the case then we all just would be rich.