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> 9. The price of Bitcoin is likely to range between $4000-5000 by the end of 2014 Setting aside the author's flawed reasoning as to what drives demand for cur
by reqres 13y ago
> 9. The price of Bitcoin is likely to range between $4000-5000 by the end of 2014
Setting aside the author's flawed reasoning as to what drives demand for currency - I don't see how this is a positive prediction for Bitcoin as I think it implies.
I'd like to see a decentralised currency work in the long run and the best thing for Bitcoin right now is to maintain stability against USD. It needs to prove itself as a trusted medium of exchange/store of value.
My prediction for 2014: speculators will deal a big blow to the credibility of Bitcoin slowing down widespread adoption for any decentralised currency