Yeah. The prediction of $10,000 was predicated on: > I estimate that bitcoin has somewhere between 0 and 0.1% chance of eventually replacing a decent size fiat

Yeah. The prediction of $10,000 was predicated on: > I estimate that bitcoin has somewhere between 0 and 0.1% chance of eventually replacing a decent size fiat currency, which would put the value of a bitcoin at anywhere upwards of $10,000 a bitcoin. Likewise the other prediction mentioned: > If Bitcoin becomes the new global monetary system Let's see the results of the people who are holding on with that expectation (and some still are). That $116,000 isn't there until after you move money out of Bitcoin. But maybe you put money in knowing that it's a speculative bubble, and are willing to pull that $116,000 out now? Sure, but bubbles are irrational. If you had people advocating a schedule for pulling your money out of Bitcoin (the first comment mentions one), than that makes sense, though the amount you would be holding would be a lot less than $116,000. Without that schedule you're left with trying to time a bubble, which is the issue with every bubble. The article doesn't give any indication of why people should sell now, and they shouldn't have sold at $11,600, or why they shouldn't try to hold on until $1,160,000.