by Michael Krieger
A little over two years ago, I came across a fascinating piece by serial entrepreneur Vinny Lingham which predicted a flat-to-down bitcoin price in the medium term. I highlighted the piece in the post, Why is the Bitcoin Price So Weak? The reason I found the article so compelling was not just the well thought out thesis, but also because he remained a bitcoin bull. As someone who spent 10 years professionally observing the financial markets on Wall Street, I know how difficult it is to be bullish and at the same time admit the price won’t be going anywhere for a while.