Come on guys, he is a BTC economist. You need to do what the experts say!!!
July 09, 2011This is why I have liquidated my position in Bitcoins. There is very little upside going forward. No forward moves of late have any traction whatsoever and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.
It has been passed almost 5 years since his post but things have been changed and maybe we can say bitcoin will never reach $200 again.