Bitcoin News and Finance Oracle Vinny Lingham Still Envisions $100K This Year if Bitcoin ‘Continues to Hold $30K’  Skip to main content

Oracle Vinny Lingham Still Envisions $100K This Year if Bitcoin ‘Continues to Hold $30K’ 

Oracle Vinny Lingham Still Envisions $100K This Year if Bitcoin 'Continues to Hold $30K' 

The former CEO of Gyft and the cofounder of the project Civic, Vinny Lingham has been called an ‘oracle’ at times for correctly predicting the future price of bitcoin. On various occasions all the way back to 2016, Lingham has made correct bitcoin price calls over the years. Even though bitcoin’s price has been lower in recent weeks after shedding over 40% in the last three months, Lingham has an optimistic outlook if “$30k continues to hold.”

Vinny Lingham’s Recent Bitcoin Predictions Show Optimism

Vinny Lingham is talking about bitcoin (BTC) price predictions again and when he does a number of people listen. Lingham has been giving price forecasts for years now, and people have referred to him as the “oracle” for guessing correctly a lot more than most people.

Oracle Vinny Lingham Still Envisions $100K This Year if Bitcoin 'Continues to Hold $30K'
Bitcoin (BTC) 1-week chart against the U.S. dollar on June 27, 2021. Bitcoin tapped a high of $64,895 on April 11, 2021, and tapped a low of $28,600 on June 22, 2021.

The cofounder of the project Civic’s bitcoin predictions are not always optimistic and his calls are usually more conservative than people with outlandish forecasts. Still, Lingham, like many others, thinks there’s a possibility that BTC could reach six digits in value in 2021.

“If $30K continues to hold, we’ll likely break $100K bitcoin this year,” Lingham tweeted on Sunday afternoon (ET).

A number of people responded to Lingham’s tweet and one individual wrote: “The legend has been spoken. Last time he [predicted] BTC, ETH, [and] FIL and in the end [they pumped] hard. Big respect.” Another Twitter account dubbed “Ronpaul2012” also replied to Lingham and predicted: “$169,420 by Christmas.”

Lingham ‘Expects a Big Rally Later This Year’

Four days ago, Lingham also sent out a bullish tweet and reminded his 184,000 Twitter followers about a tweet he wrote on May 23. At that time in May, Lingham said: “2021 is looking a lot like 2013…” His bullish tweet on June 22, retweeted his May statement and he remarked:

You heard it here first. Expect a big rally later this year…

In response to the “big rally” statement one person called the commentary bold. “Pretty bold man. I like it. It hasn’t felt this bad/bearish for a long time,” the individual said to Lingham. “I think mid to low $20K’s looks like a great opportunity…if we get it.”

The Civic cofounder also discussed El Salvador earlier this month, when president Nayib Bukele and Salvadoran congress made BTC legal tender in the country. While sharing an exploding head emoji, Lingham wrote that the implications are mind-blowing.

“Bitcoin has just gone from being non-state sanctioned money to state-sanctioned money,” Lingham tweeted. “I’m really not sure if this is good or bad yet. #popcorntime,” he added.

What do you think about Vinny Lingham’s recent tweets about bitcoin hitting $100K and the expectation of a big rally later this year? Let us know what you think about this subject in the comments section below.

Comments

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Blogarama - Blog Directory