Mike Novogratz: Bitcoin Will Stabilize Between $10,000 and $14,000
I disagree.
Please, elaborate.
Bitcoin does not _stabilize_ until it becomes world money. We've not even
started up the steep slope of the S-Curve yet.
But even speaking to the short term, I don't imagine we'll spend more than a quarter below 14K.
Well, I agree with this, of course (long term).
Novo was talking about short term, I suspect, being a trader as he is.
I still think that Jbreher is largely correct.
The odds are against BTC just popping up to this price area and then just "stablizing."
Sounds like a kind of wishful thinking, and Bitcoin no work like dat.