Are crypto price predictions accurate?

Bitcoin, like any other market, is subject to the rules of supply and demand. i.e. No one, in particular, sets the bitcoin’s price nor we can trade it in one place. Each market/exchange determines its price based on supply and demand.

Robert Breedlove , Founder and CEO of the digital assets marketing and consulting firm Parallax Digital, has predicted Bitcoin will pass 300,000 dollars by the October of 2021, which it didn’t, and he expects a worth of over 12 million dollars by 2031.

The results show that the GM (1,1) model predicts Bitcoin’s price accurately and that one can earn a maximum profit confidence level of approximately 98% by choosing the appropriate time frame and by managing investment assets.