Watch cryptocurrency experts discuss bitcoin price predictions

Watch two cryptocurrency experts discuss the market’s unpredictable nature

Anthony Cuthbertson
Thursday 16 September 2021 09:25 EDT
Comments
Crypto experts discuss bitcoin price predictions

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

The volatility of bitcoin and other leading cryptocurrencies makes any kind of price prediction notoriously difficult.

After an up-and-down few months for the market, analysts appear divided over which way it heads from here. Some believe we are in a cool-off period that will see the price slide to yearly lows, while others predict new all-time highs before the end of 2021.

To get a perspective from both sides, we invited two experts to hear their views.

Joining the discussion was Simon Trimborn, an assistant professor at the Department of Management Sciences at the City University of Hong Kong, who discussed his recent research into price predictions from cryptocurrency experts and how they relate to actual market movements.

You can find his paper, ‘Informative Effects of Expert Sentiment on the Return Predictability of Cryptocurrency’, right here.

Also on the panel was Fred Schebesta, a crypto advocate and founder of comparison platform Finder.com, whose predictions about Solana’s meteoric price rise earlier this year proved spot on.

Sign up to The Independent’s free IndyTech newsletter by clicking here

They discussed recent developments in the crypto market, including El Salvador’s rocky roll out of its Bitcoin Law and the subsequent price crash, as well as the cryptocurrencies they are most excited about going forward.

And of course, we heard their take on bitcoin and presented them with the notoriously difficult task of price predictions.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in