Why Lisa Edwards, Craig Wright’s sister says Bitcoin is heading to $142k

Spread the love

Although BSV’s Craig Wright (who claims to be Satoshi Nakamoto) criticises Bitcoin, his sister (also a crypto trader) has made a bullish case for Bitcoin. According to Lisa Edwards’ estimate, the price of Bitcoin could hit $142,760 in a couple of years.

On 16 February, Edwards published a chart on Twitter that appeared to forecast the above price target with the aid of trend lines.

Edwards clarified its forecast of Bitcoin’s future price with the aid of the “Elliott Waves” (EW) theory, which predicts patterns based on investor psychology. She estimated that the commodity would first hit $90,000 this May, after which the price of Bitcoin would fall to $55,000 in January 2022.

According to Edwards’ price study, by March 2023, Bitcoin would reach the $142,000 range. At the same time, Edwards concluded that the price of Bitcoin is more likely to “take some time with corrections in between” before it hits those highs.

RECOMMENDED READ:  Chainlink Price Movement Analysis for 21st February 2021

However, when one Twitter user asked her what would happen at the end of the so-called supercycle, Lisa Edwards thought that the “bear market” might follow.

Earlier, JPMorgan analysts estimated that Bitcoin could grow to $146,000 in the long run. Even Guggenheim’s Global Chief Investment Officer, Scott Minerd, continues to believe that the price of Bitcoin will hit $400,000.

Contrastly, Edwards’ brother Craig Wright thinks that Bitcoin is a Ponzi scheme, but she argued that it wasn’t. Alongside the map, Lisa Edwards wrote that cryptocurrencies are here to stay and that we were still in the early stages. She also hoped that the market would “continue to grow,” but more importantly, Edwards explained:

“Why BITCOIN is not a PONZI is the strong demand within the market currently, and with demand we achieve growth.

As long as DEMAND is high and increasing, and Bitcoin SUPPLY which we know is fixed or limited, the price will continue to grow.”

 144 Interactions,  2 today

READ ALSO:
Shark Tank’s Mr. Wonderful is opening up to Bitcoin; here’s how much he’s planning to spend in BTC.

When Bitcoin rises in mass acceptance, it doesn't come as a surprise that some of the asset's detractors have changed Read more

RECOMMENDED READ:  Former Goldman Sachs Executive: Bitcoin (BTC) Targeting $1,000,000 in Just Four Years
Aave, Binance Coin, Zcash Price Movement Analysis for 2nd March, 2021

Aave travelled within a descending triangle, but at the time of publishing, its technical indicators did not support a breakout. Read more

Class-action lawsuit filed against MoneyGram for False allegation about XRP

After Ripple Laboratories, the payment giant MoneyGram is the next to be caught at the end of the legal entanglement, Read more

How Bitcoin shaping the success of Coinbase IPO

Coinbase began its journey by helping users to purchase Bitcoin. Fast-forward 8 years and consumers will be able to buy Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

Contact Us

%d bloggers like this: