As the crypto community enters 2022, the CEO of the ZenGo wallet Ouriel Ohayon tweeted his new year's day predictions, one of which was that the price of Bitcoin will crash below $1,000.

Ohayon tweeted 9 hours ago to press, "Bitcoin will crash to sub-yard USD."

Forth with his Bitcoin price prediction, Ohayon shared:

"All hardware wallets will be hacked; Tron/XRP will become the most of import cryptocurrency; Satoshi identity volition be revealed and will be disappointing; Trump will stack sats on twitter; Lightning will accept glorious adoption."

Source Twitter

Was Ohayon being serious?

While it may take initially seemed like Ohayon's tweet was filled with sarcasm, he clarified his sentiments with another tweet soon afterwards, proverb "joke mode off."

When asked if he truly believed if these predictions would come true this year, Ohayon told Cointelegraph in another tweet, "I am a disaster at making predictions. Did you notice the thread?"

A few minutes later, Ohayon admitted that his predictions were non serious, but that he was happy to get them out.

Source Twitter

A hint of truth in every joke

While Ohayon's predictions were more or less a joke, they might bear some real-world weight.

For instance, Australian entrepreneur Craig Wright made the claim in 2022 that he is Satoshi Nakomoto, sparking instant controversy in the crypto space. Ironically, Wright also informed courtroom officials that he could not finance a 500,000 BTC settlement in the example that the Kleiman estate initiated against him in Nov. Dave Kleiman was a cyber-security skilful, whom many believe to take been i of the showtime developers behind Bitcoin and blockchain technology.

While it may be extreme to predict that every hardware wallet will be hacked this twelvemonth, a number of vulnerabilities in hardware wallets have recently come up to the surface. A Kraken Security Labs' weblog published on December. x details a "voltage glitching" attack that extracts the encrypted seed used to access cryptocurrency stored on a KeepKey hardware wallet. An assailant can then brute-force attack the encrypted seed, every bit information technology is simply protected past a one-nine digit Pivot, which Kraken described as "trivial."

Although it does seem likely that 2022 will exist met with more than Satoshi Nakomoto identity claims and wallet hacks, i of Ohayon'southward predictions does seem a bit farfetched. While it would be a major win for the crypto community to have President Trump tweet about buying Bitcoin, it seems highly unlikely this will happen anytime soon based on a tweet the president sent out on July 11: