Ledger Cast Hosts Make the Case for Bitcoin at $18K in 2020

Brian Krogsgard and Josh Olszewicz, the hosts of the Ledger Cast podcast, used a recent episode to argue that bitcoin could climb to $18,000 in 2020. Both hosts said plainly that they were bullish, and they warned listeners that their views could hurt anyone trading against them.

The conversation covered three main threads. The first was whether bitcoin was about to break out of its existing range. The second was whether altcoins were nearing a reversal in their trend. The third was what the pair expected for the rest of the fourth quarter. To support their points, they cited a Square document on helping businesses buy bitcoin, a report on a share sale by the CEO of Hedgeeye, and the trading rules of the early speculator Jesse Livermore.

It is worth reading the forecast as a snapshot of sentiment rather than a reliable call. Bitcoin did trade above $18,000 later in 2020, but the hosts were making a prediction at the time, and predictions of this kind carry no guarantee. The show itself stated that nothing in the episode should be treated as investment advice, and that listeners should do their own research before buying anything.

The episode was sponsored by Matcha, a decentralized trading interface built by the team behind the 0x Protocol. The sponsor segment was clearly labeled as such, and it did not form part of the hosts' market analysis.