Four years ago, Vinny Lingham predicted bitcoin’s bull run and a number of bitcoiners have referred to him as the “oracle.” On Twitter, Lingham is once again giving his predictions on bitcoin’s future prices. He’s also noted this month that he’s “bullish on bitcoin” and hasn’t felt this way since 2016.
The former CEO of Gyft and the cofounder of the project Civic, Vinny Lingham, has been in the crypto industry for quite some time. Lingham is also known for his predictions and oftentimes the serial entrepreneur is on point. For instance, in December 2016 during Bitcoin’s pre-bull stage Lingham predicted that after BTC broke the $800 handle, it would quickly spike into the $900 zone.
“It’s not entirely clear how long bitcoin still needs to trade in the 700’s to clear out latent supply, but I doubt we will notice the 800’s,” Lingham stated on Twitter on December 4, 2016. Sure enough, the price of BTC swiftly jumped over the $800 range and into the $900 handle. In 2019, Lingham explained during an interview with cheddar.com that BTC would trade sideways for quite some time.
“The reality is it’ll probably trade sideways between $3,000 and $5,000 for another month or two while it’s trying to find which way to go,” Lingham said. “When it finds that direction, there’ll be a breakout or a breakdown,” the Civic founder explained last year.
This October Lingham’s tweets seem to show he’s optimistic about Bitcoin’s current runup and on October 7, he said he was feeling bullish. “I haven’t been this bullish on Bitcoin since 2016,” he tweeted. “Macro events are teeing us up for another bull run. BTC could go 3-5X in the next 12 months, but if it goes 5X+, we’re back to bubble zone. Key indicator is BTC dominance – if it drops below 35% during the run, caveat emptor.”