Bitcoin Price Surge Incoming, Claims ‘World’s Smartest Man,’ Says Monday Will ‘Be Insane’

Key Takeaways

• A self-styled “world’s smartest man,” Young Hoon Kim, has renewed bullish Bitcoin predictions connected societal media.

• Kim’s latest remarks adhd to a past of highly optimistic forecasts.

• The comments travel arsenic Bitcoin remains nether pressure.

Bitcoin’s caller slump has erstwhile again drawn bullish rhetoric connected societal media, with a self-styled “world’s smartest man” predicting an imminent terms surge contempt mounting macroeconomic headwinds weighing connected the cryptocurrency.

Young Hoon Kim, who claims to person an IQ of 276, posted a bid of messages connected X implicit caller days suggesting Bitcoin was connected the verge of a crisp rally.

“The pump is coming,” Kim wrote successful a station published up of the weekend.

On Monday, helium followed up with different message, writing: “It starts now.”

In further posts, Kim urged followers to brace for heightened volatility, saying: “Get ready. Monday turns insane.”

As with his erstwhile predictions, Kim did not supply evidence, data, oregon circumstantial catalysts to enactment his claims.

Some users connected X pushed backmost against the remarks, citing what they described arsenic a mediocre way record.

“You’re incorrect each clip you accidental this — we dump,” 1 idiosyncratic wrote.

Kim’s latest comments adhd to a increasing database of highly optimistic forecasts helium has made astir Bitcoin successful caller months.

In December, Kim told followers that helium believed Bitcoin could yet supplant the U.S. dollar.

“I deliberation Bitcoin whitethorn regenerate USD by 2026,” Kim wrote connected X.

The connection followed a bid of progressively bullish remarks astir Bitcoin’s semipermanent outlook.

Kim has besides described Bitcoin’s terms levels arsenic a “temporary discount,” which helium attributed to marketplace manipulation.

“I deliberation immoderate specified manipulation whitethorn vanish wrong a week, and past it could commencement accelerating toward a caller ATH,” helium wrote.

In November, Kim went further, predicting Bitcoin would much than treble successful worth implicit a abbreviated clip frame.

“As World’s Highest IQ Record Holder, I expect Bitcoin is going to $220,000 successful the adjacent 45 days,” helium wrote astatine the time.

Kim’s remarks travel arsenic Bitcoin continues to look sustained pressure, extending losses amid a broader pullback successful hazard assets.

At the clip of reporting, Bitcoin was trading astatine astir $87,914, down astir 7% implicit the past week.

Prices slipped further connected Monday, Jan. 26, arsenic investors grew progressively cautious up of a intimately watched U.S. Federal Reserve argumentation gathering focused connected involvement complaint expectations.