I just think its really quite funny to sit here talking about a $6 mill paper loss when even if half his prediction comes true we're talking about making $120 mill +.
I doubt he believes his own prediction, but if he can get enough other people to believe it, he can sell to them at a higher price later, which let's face it is very likely all the guy cares about.
Um no actually, due to the fact he's invested in several Bitcoin businesses as well I don't think he's looking to pump the price and dump his coins tanking his other business interests.
How would a reduced price "tank" his other business interests, considering most of these businesses will be set up to extract transaction fees which don't care about price, just usage.
I'm curious as to what bitcoin businesses this guy is even invested in. Googling the guy shows he bought a bunch of coins, plans to invest in some bitcoin businesses in the future (could be another pump line), and that he thinks it will go to 10k. No actual businesses listed anywhere, though.