June 18, 2018

Bitcoin could go down to $2000

Sometime towards the end of 2017, while Bitcoin was making new highs, Doug Kass predicted that Bitcoin could instead collapse in price.

"Bitcoin ("Fake Asset!") is an unregulated farce and likely headed for $2,000 as I predicted late last year....

A vehicle for much illegal and non taxable transactions (read: laundering) it is headed for the top of the ash heap of nostalgia  formerly populated by tulips, beanie babies and other speculative and now irrelevant asset classes.

So many (formerly) smart investors and talking heads are getting it all wrong."

via twitter