Vinny Lingham Explains – Here’s How the 1% Buy Bitcoin

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Vinny Lingham’s latest post published at Medium, is yet another must read for anyone interested in the Bitcoin price.

Enjoy:

Given that the Brexit is still fresh in our minds — the big question of “how will the global financial elite diversify their assets” is one that every money manager and their clients are discussing this weekend. Great timing for a Bitcoin post!

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I sent a tweet out earlier this morning (followed by a tweet storm!) and there was a lot of activity around it and I felt compelled to explain it in more detail. 

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Deconstructing the Bitcoin Market Cap by Vinny Lingham

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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.

Ever since that post was published, I waited anxiously for a followup signaling that the weakness was over. I had to wait two years, but in early May 2016 he publicly turned very bullish. I highlighted this shift in the piece, Vinny Lingham on the Bitcoin Price – Prepare for the “Mother of All Short Squeezes”. One month later, the price is +25%.

Seemingly inspired by the recent action, Vinny has been writing more frequently as of late and he just published another piece titled, Deconstructing the Bitcoin Market Cap.

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Vinny Lingham on the Bitcoin Price – Prepare for the “Mother of All Short Squeezes”

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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.

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