05 May '13, 2pm

Lindzon Bearish, China Bullish, & Bitcoin Keeps Rolling

If you are looking for more bullish analysis on the future of Bitcoins, you will be disappointed with investor’s Howard Lindzon’s take. Participating in This Week in Startups News Roundtable , host Jason Calacanis brought up the new Bitcoin ATM being launched in San Diego last week. For his part, Calacanis mentioned that his VC buddies continue to be bullish on the currency and one of his friends had even created a calculation that based on demand from participants of illegal activities that would be interested an anonymous method to store funds, the price could go to $500,000 (the whole segment was a comical and starts around 36:40). Lindzon wasn’t so convinced stating that “it had its tulip moment” and adding that “trust is a hard thing to corner.” Basically, he liked the idea of a global currency but viewed Bitcoins as a speculative story that got some attention thanks ...

Full article: http://forexmagnates.com/lindzon-bearish-china-bullish-bi...

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