Bitcoin at $200,000 Projections Flop as Coin Ends Year Down 60%

  • Goldman was among prognosticators making lofty predictions
  • Crypto stocks saw bigger drops than the largest digital asset
Photographer: Luke MacGregor/Bloomberg
Lock
This article is for subscribers only.

A year ago, crypto analysts, riding high from the successes of 2021, had big hopes for Bitcoin, with some of them seeing the token hitting $100,000 or more in 2022.

That’s a far reach from where the coin is actually ending this annus horribilis: $16,500.