Boston University Economist Mark T. Williams' Bitcoin Price Prediction Will Be Proven Ridiculously Wrong
Professor Mark T. Williams of Boston University is the latest Bitcoin naysayer proven wrong. As Bitcoin has entered mainstream economic discussions, several notable economists have endorsed it. However, others, such as Yale Univeristy Robert Schiller, have attacked it viciously. Thus far, the Bitcoin naysayers have all been proven wrong, and the list containing their names continues to grow at a rapid pace. Nevertheless, this does not deter those negative about Bitcoin's price from continuing publicly to declare Bitcoin's insolvency. Today, Bitcoin backers get to gloat once more as yet....
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In this life, you can always spin your view of the world into whatever reality you hope to create. If you spend your days with negative people, who rail against the same things you do, you will create a mutual damnation society if that is indeed your agenda. The World Bank had its annual "Law, Justice and Development Week" in Washington last month. Instead of someone credible, they asked the debunked Boston University professor and known Bitcoin hater Mark Thomas Williams to add his unique Bitcoin perspective to the proceedings. Also read: Boston University Economist Mark T. Williams'....
Last December, Boston University School of Management professor Mark T. Williams issued a prediction that drew rapt attention from the mainstream media, as well as the united ire of the bitcoin industry, when he boldly projected that the price of bitcoin would lose 99% of its value and fall below $10 by the end of June 2014. However, at press time, the price of bitcoin on CoinDesk's USD Bitcoin Price Index remains well above this figure, rising 34% in May to pass the US$600 mark. But, if Williams was hoping the community would forget his prediction, he was proven false this week when a....
The chatter on social media surrounding December 2013 comments by Boston University Professor Mark T. Williams (better known inside the community as 'Professor Bitcorn') is as loud as ever as we begin the second half of 2014. Williams had taken to business publication Business Insider to voice his concerns over the digital currency, which was at the time just out of a massive bubble and an all-time high. "I predict that Bitcoin will trade for under $10 a share by the first half of 2014, single digit pricing reflecting its option value as a pure commodity play," he wrote in a piece entitled....
If there is a villain to bitcoin, Mark Williams would likely be named. He infamously made the prediction, in December 2013, when he declared bitcoin was not an innovation but a "smoke and mirrors deception". At the time, bitcoin was still trading near $1,000.00. He went on to predict that by mid-year 2014 the price of bitcoin would pop by 99% and be trading for less than $10.00. Bitcoin chaos ensued on the bitcoin forums. The attention he suddenly received brought more attention from mainline news agencies. He didn't seem to be promoting his new book: Longwood Covered Courts and The Rise....
Let's get the facts straight. At the New York hearings Division of Financial Service conference on Virtual Currencies held this last week we heard from a wide variety of characters who are in, worked with, or have taken acritical viewof the currency in the media. The general agreement seems to reflect that the hearings were useful and positive. Most agreed that the task of bringing balance of a thoughtful approach to the subject matter will help untangle the complexities of digital currency. Both business and government seemed eager create a framework of some legal regulation to assist its....