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It could also go back to $100. Bitcoin has no mainstream use right now. It's too expensive to transact in terms of money and time, it's too volatile to be a store of value, it's too technical to be used casually, it's too fragile since it gets hacked every which way, and it's too easily copied to be rare.
It could also go back to $100. Bitcoin has no mainstream use right now. It's too expensive to transact in terms of money and time, it's too volatile to be a store of value, it's too technical to be used casually, it's too fragile since it gets hacked every which way, and it's too easily copied to be rare.
Do you want to clarify this? If you meant what I think you meant, you're incorrect.
For comparison, he also thinks it's going to $40K by EOY 2018. http://www.businessinsider.com/novogratz-bitcoin-could-be-at...
My guess is he's shorting the markets or couldn't raise the capital after all. Or ultimately thought the risk to his reputation if his fund failed was too high.
It could also go back to $100. Bitcoin has no mainstream use right now. It's too expensive to transact in terms of money and time, it's too volatile to be a store of value, it's too technical to be used casually, it's too fragile since it gets hacked every which way, and it's too easily copied to be rare.
and if you think Bitcoin can simply be duplicated through a hard fork, you are even more misinformed than I had imagined.
It could also go back to $100. Bitcoin has no mainstream use right now. It's too expensive to transact in terms of money and time, it's too volatile to be a store of value, it's too technical to be used casually, it's too fragile since it gets hacked every which way, and it's too easily copied to be rare.
>Being hacked every which way Do you want to clarify this? If you meant what I think you meant, you're incorrect.
It could also go back to $100. Bitcoin has no mainstream use right now. It's too expensive to transact in terms of money and time, it's too volatile to be a store of value, it's too technical to be used casually, it's too fragile since it gets hacked every which way, and it's too easily copied to be rare.
>Being hacked every which way Do you want to clarify this? If you meant what I think you meant, you're incorrect.
For comparison, he also thinks it's going to $40K by EOY 2018. http://www.businessinsider.com/novogratz-bitcoin-could-be-at...
And he also says "It is going to become the biggest bubble of our lifetime" in the video embedded with the bloomberg article.