17 Dec '13, 10pm

FINANCE PROFESSOR: Bitcoin Will Crash To $10 By Mid-2014

FINANCE PROFESSOR: Bitcoin Will Crash To $10 By Mid-2014

Clark Moody Bitcoin was above $1,200 a few weeks ago. Today it's worth around $750. Mark T. Williams Recent Posts FINANCE PROFESSOR: Bitcoin Is A Hyper Bubble Fueled By A... In Bitcoin World, a week can be the equivalent of a decade. At the start of December, Bitcoin topped out at over $1,200 as e-currency evangelists trumpeted the endless possibilities to be unleashed, comparing it to the breakthroughs not achieved since the start of the internet revolution. Bitcoiners claimed market disruption would bring credit card companies and payment platforms such as Western Union to their knees. Some even claimed that Bitcoin would supplant the U.S. dollar as the new global reserve currency. Adding more helium to the story, the Winklevoss twins of Facebook fame, not being shy about talking up their own book, predicted prices would rise to a staggering $40,000 per coin. And from Ja...

Full article: http://www.businessinsider.com/williams-bitcoin-meltdown-...

Comments

  1. 19 Feb '14, 8am

    Bitcoin crash down to $10 could possibly happen. But I don’t think it will go down lower than $10. If so, bitcoin’s popularity might be starting to diminish.

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