A little over two years ago, many of us, including myself, were expecting a bitcoin price resurgence back to the prior highs. On the other side of the fence was Vinny Lingham, a serial entrepreneur who also happened to be intimately involved in the space. His alternative view centered around an expectation that the bitcoin price would remain weak for quite some time before ultimately heading back up to new highs. I highlighted his thoughtful perspective in the post, Guest Post: Why is the Bitcoin Price So Weak?
I’ve been eagerly waiting for Vinny’s next installment, which he finally published last week under the title, Bitcoin 2016 — “There has been an awakening…” Let’s just say he’s turned pretty bullish.
So without further ado, let’s examine the words of the man who’s forecast back in 2014, proved so extraordinarily prescient.