I'll bet prof. Mark T. Williams $5000 that Bitcoin will stay over $50 in 2014.
In his latest article "Bitcoin Will Crash To $10 By Mid-2014", prof. Mark T. Williams calls Bitcoin a "hype" and a "risky virtual commodity bet". He concludes the article by predicting Bitcoin "will trade for under $10 a share by the first half of 2014" (sic). I hereby challenge mr. Williams to put his money where his mouth is, by betting $5000 (or 100 BTC) of my own money that Bitcoin will stay over $50 in 2014. That is a price 400% higher than what he predicts. If his expected crackdown on Bitcoin does occur, we'll go by the average price on localbitcoins.com. Proof: https://twitter.com/tuurdemeestestatus/413225084514361344 -- Update -- To clarify, I'm not against anyone making contrarian predictions, and I'm not arguing against a temporary correction. (In fact I've been warning about overheating since BTC hit $600, and at $1000 on dec 10 I called the pattern a double top.) I am merely skeptical about whether this article reflects mr. Williams' honest opinion, and one way to try and find out is to ask him to put his money where his mouth is.
Mark Thomas Williams is an academic, financial author, columnist and risk management expert, better known in the Bitcoin community as Professor Bitcorn. In 2013 Williams predicted that bitcoin could trade for less than 10 dollars by mid-2014. Mark Williams, who teaches finance at the Boston University School of Management, is one of the harshest critics of Bitcoin. He has also predicted that the price of Bitcoin will fall 99% by June. Professor Mark T. Williams, better known in the community as 'Professor Bitcoin' stands by his analysis of bitcoin, considering it risky as ever. Mark Williams is a professor at Boston University, a contributor to major publications like Financial Times and Reuters, and an advisor at the Brattle Group. Controversy. On December 17, 2013, shortly after Bitcoin’s run up to $1,200, Williams published an op-ed on Business Insider. Among other analysis, Williams predicted that one Bitcoin ... Mark T. Williams, better known in the Bitcoin community as Professor Bitcorn, is a Boston University faculty member. In 2013 Williams predicted that bitcoin "could" trade for less than 10 dollars by mid-2014, and provided testimony before
NYDFS Virtual Currency Hearings, Day 1, Panel 1 - YouTube
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