Post
Topic
Board Press
Re: [2014-01-06] Blackstone PR: During the year Bitcoin’s acceptance collapses
by
cr1776
on 06/01/2014, 21:09:42 UTC
Quote

Byron Wien Announces Predictions for Ten Surprises for 2014
....
 In 2½ years the price of a Bitcoin has increased from $25 to $975.  The supply of Bitcoins is fixed at 21 million with 11.5 million in circulation.  Bitcoins lack gold’s position as a store of value over time.  During the year Bitcoin’s acceptance collapses as investors realize that it cannot be used as collateral in financial transactions and its principal utility is for illegal business dealings where anonymity is important.

http://www.blackstone.com/news-views/press-releases/details/byron-wien-announces-predictions-for-ten-surprises-for-2014

Just for the records, let's see what happens this year.



And he is back in August in terms of number of bitcoins in circulation - it is above 12 million now.  When you can't even the details like that right, how can we expect anything else to be accurate!