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Gordon Johnson: T-bill math suggested bitcoin near $70,000 by month-end, result was $72,700

Gordon Johnson: T-bill math suggested bitcoin near $70,000 by month-end, result was $72,700
Bitcoin price ends $2,700 above forecast

Bitcoin reached about $72,700 by the reported month-end, compared to a projected $70,000 based on T-bill math cited on October 7.

Gordon Johnson, CEO and analyst at GLJ Research, noted that the timing was two weeks late and $2,700 off the projection, expressing regret for the error.

Johnson has previously highlighted major revisions in high-profile forecasts, noting Elon Musk's reduction of the Tesla 2030 annual car target from 20 million to 5 million units in one prior report. He has also drawn attention to confident S&P 500 and company valuation projections made by frequent CNBC on-air guests in another article. These observations follow his ongoing analysis of market estimates and forecast reliability.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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