[2014-12-24] TIME: Bitcoin Bulls Made the Worst Predictions of 2014

[panju1]

Bitcoin Bulls Made the Worst Predictions of 2014

http://time.com/money/3645842/bitcoin-predictions-2014/

Okay, you’d expect bitcoin fans to be a little overenthusiastic about the currency’s future, but some professional analysts also published extremely inflated predictions. In a December 2013 report, analysts at Bank of America Merrill Lynch assessed bitcoin’s maximum fair market value at $1,300 per coin, which at the time was framed as a cautionary estimate. (That number looks silly now, but the prediction appears to be for the life of bitcoin, so it may still come to pass.)