[2014-06-01] Boston University Economist Mark T. Williams’ Bitcoin Price Predict

[roslinpl]

Well Mark T. Williams isn't very good with his predictions

A quick look at the latest info from CoinMarketCap reveals that Bitcoin’s price sits at $630, or 6,300% higher than what Williams had predicted.

well he was pretty close to it ... but ...

A link to an article.

[LiteCoinGuy]

yeah but of course he could be right in the future


(but i dont think so)

[Chef Ramsay]

This is what tenure gives a lot of: grant money for preaching and teaching stupidity. This guy would've likely lost his job at a private university for being so ignorant, getting slapped down and then going all-in on it. Tho, he is probably getting some laughs from his associates.

[roslinpl]

This is what tenure gives a lot of: grant money for preaching and teaching stupidity. This guy would've likely lost his job at a private university for being so ignorant, getting slapped down and then going all-in on it. Tho, he is probably getting some laughs from his associates.

Well We can say that those were "His predictions" - everyone can make mistakes with predictions but indeed he was a way away from the truth and he is perhaps not a best economist ever

Perhaps next time he will think twice before he will tell anything about "the future" :]

[aigeezer]

This is what tenure gives a lot of: grant money for preaching and teaching stupidity. This guy would've likely lost his job at a private university for being so ignorant, getting slapped down and then going all-in on it. Tho, he is probably getting some laughs from his associates.

He's a lecturer, not a professor. He does not have a PhD. He is not tenured, as far as I can tell.

My take is that he is a bankster who plays at being an academic.

"Prior to teaching, he worked as a senior trading floor executive, a bank trust officer and as a bank examiner for the Federal Reserve Bank."

http://smgapps.bu.edu/mgmt_new/profiles/williamsmark.html

From Wiki:

"He became a bank trust officer for Wilmington Trust Company (formerly Sussex Trust), joining TD Banknorth (1987) and attended the ABA National Graduate Trust School at Northwestern University (1988). In 1993 he earned a Masters of Business Administration from Boston University and joined the Federal Reserve Bank as an examiner in Boston and San Francisco. In 1996 he became a senior risk analyst for Pacific Gas & Electric. One year later he joined Citizens Power LLC, a Boston based energy trading company, and became Senior Vice President, Head of Global Risk Management. Since 2002, he has been on the faculty of Boston University as Executive-in-Residence/Master Lecturer. He is a member of the Standard and Poors Academic Council, a senior advisor at the Brattle Group and is on the board of Appleton Partners, a Boston-based private wealth management firm. Recently, he has given testimony to the New York State Department of Financial Services and attended a hearing a Congressional hearing on Bitcoin."

Can't get much more bankster than that.

Edit: Oops, I forgot the Wiki link: http://en.wikipedia.org/wiki/Mark_T._Williams

[indiemax]

This is what tenure gives a lot of: grant money for preaching and teaching stupidity. This guy would've likely lost his job at a private university for being so ignorant, getting slapped down and then going all-in on it. Tho, he is probably getting some laughs from his associates.

He's a lecturer, not a professor. He does not have a PhD. He is not tenured, as far as I can tell.

My take is that he is a bankster who plays at being an academic.

"Prior to teaching, he worked as a senior trading floor executive, a bank trust officer and as a bank examiner for the Federal Reserve Bank."

http://smgapps.bu.edu/mgmt_new/profiles/williamsmark.html

From Wiki:

"He became a bank trust officer for Wilmington Trust Company (formerly Sussex Trust), joining TD Banknorth (1987) and attended the ABA National Graduate Trust School at Northwestern University (1988). In 1993 he earned a Masters of Business Administration from Boston University and joined the Federal Reserve Bank as an examiner in Boston and San Francisco. In 1996 he became a senior risk analyst for Pacific Gas & Electric. One year later he joined Citizens Power LLC, a Boston based energy trading company, and became Senior Vice President, Head of Global Risk Management. Since 2002, he has been on the faculty of Boston University as Executive-in-Residence/Master Lecturer. He is a member of the Standard and Poors Academic Council, a senior advisor at the Brattle Group and is on the board of Appleton Partners, a Boston-based private wealth management firm. Recently, he has given testimony to the New York State Department of Financial Services and attended a hearing a Congressional hearing on Bitcoin."

Can't get much more bankster than that.

Edit: Oops, I forgot the Wiki link: http://en.wikipedia.org/wiki/Mark_T._Williams

Perhaps they will dismiss his evidence as FUD now

[bryant.coleman]

He's a lecturer, not a professor. He does not have a PhD. He is not tenured, as far as I can tell.
My take is that he is a bankster who plays at being an academic.

Or someone who is funded by the Visa / Master and the bankers. If he doesn't even have a Ph.D, then I don't know why all the media outlets are taking him seriously. This guy is some lowlife, who is in search of cheap publicity.

[roslinpl]

He's a lecturer, not a professor. He does not have a PhD. He is not tenured, as far as I can tell.
My take is that he is a bankster who plays at being an academic.

Or someone who is funded by the Visa / Master and the bankers. If he doesn't even have a Ph.D, then I don't know why all the media outlets are taking him seriously. This guy is some lowlife, who is in search of cheap publicity.

Well he is well known at Boston University and he is though to be a great economist

Even without Ph.D he gain some respect - that's why they are talking about him

Anyway - his predictions are not too realistic ;P