In a Tweet on May 3, Sherman-Founder of Bitcoin Foundation Charlie Shrem announced that this month the Bitcoin market would mark an important turning point.
May 2018 will be Bitcoin's "last time" at under $ 10,000. That was Shrem's statement, which made the digital money community flutter. From less than $ 6,500 in the first quarter of this year, BTC / USD prices rose by over 30% in April and have kept rising ever since. Previously, there was a long-term trend analysis indicating the beginning of the 'hold' phase for Bitcoin. Right from the first week of the month, we have seen one of the most obvious signs that an uptrend may begin soon. Currently, Bitcoin has been traded at $ 8,397.10 and Ethereum at $ 700.10.
With Shrem's strong statement, do you believe from June 2018, Bitcoin and Ethereum will change drastically and the value will start to increase rapidly?
I think Shrem is about to join a very select and elite group of people - the people that make wild price predictions or claims without logic or facts or rationale, are proven wrong, and are thought of as jokes in the community forever thereafter. He'll join the ranks of Craig Wright, Roger Ver, and Tom Lee...it's impressive how quickly these people have ruined their reputations!
With 11 days left, I can nearly guarantee you that Bitcoin will not exceed $10,000 and never look back in that time frame. Everyone here would love it, but it's just not going to happen.
What Shrem is trying to do is to generate a buying spree based on his comments. He's arrogant. He thinks his reputation is so strong that his mere words can drive the market. He's a foolish kid.
By the way, what's a "Sherman-Founder"?