A pseudonymous crypto analyst is bullish on Bitcoin (CRYPTO: BTC), predicting it should reach a stark target of $1.3 million by December.
What Happened: Pentoshi told his 670,000 followers on Twitter, "I got to this number by using the January gain average of 42% monthly."
The analyst added: "will be back around then to take profits. Easy math."
Dogecoin (CRYPTO: DOGE) founder Shibetoshi Nakamoto mocked the analyst, saying, "he did the math."
he did the math
— Shibetoshi Nakamoto (@BillyM2k) January 27, 2023
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While it may seem that Pentoshi's math was off, when a Twitter user responded to him saying, "I will put a $5,000 bet on this. You down?" the analyst replied mockingly, "How about $1M that it doesn't happen. If it doesn't. I win. And if it does I'll pay you 2.5m."
How about 1m that it doesn't happen. If it doesn't. I win. And it does I'll pay you 2.5m.
— Pentoshi (@Pentosh1) January 27, 2023
Price Action: DOGE was trading at $0.085 down 1.50% in the last 24 hours, according to Benzinga Pro data.
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