by Victor Kerezov
Mark Williams, a risk management and capital markets professor at Boston University, is out with a bold call he predicts that the price of one bitcoin will crash to $10 or even lower by the first half of 2014.
Williams is a risk management practitioner and academic with tw-decades of experience from working as a bank examiner at the US Federal Reserve to a commodities trading floor senior executive.
Mark Williams, a risk management and capital markets professor at Boston University, is out with a bold call he predicts that the price of one bitcoin will crash to $10 or even lower by the first half of 2014.
Williams is a risk management practitioner and academic with tw-decades of experience from working as a bank examiner at the US Federal Reserve to a commodities trading floor senior executive.
didnt need to go further..
Is it -possible- that it goes to $10? Sure, of course it's possible. But A LOT of factors need to come into play first. Many governments need to come out specifically outlaw Bitcoin. Even if that happens, it won't drop to $10.
There needs to be out network that gets about 51% and Bitcoin becomes not "trustable" to the general public. That would drop it, but again, not to $10.
Then there needs to be a major hack of some sort. Someone hacks BTC, Stamp and Gox and somehow steals a large amount of coin.
I think if all three of these things happen there's a chance of $10. But odds are one of these don't happen so I'd put $10 price target fairly low.
