https://finance.yahoo.com/news/unabashed-bitcoin-bull-thomas-lee-145630108.html
This guy has lost a lot in crypto and is crying foul now because his price target of US$25,000 for 2018 will never be reached in 2018 and beyond.
When a crypto has structural design flaws and bad economics, it won't take off no matter how you try to portray it.
Bitcoin proponents have tried to use the principles of demand and supply to lure investors into buying bitcoins when they don't truly understand the economics. When the prices crash, they know that demand-supply principles cannot work anymore. Thus, these proponents move on to talk up the crypto by giving the false hope that financial institutions will be rushing into the crypto industry in the foreseeable future.
The true facts are people are abandoning cryptos as they get more educated about them and financial institutions also won't get involved in crypto investments except to offer trading platforms to earn the trading commissions. Financial institutions prefer to develop their own private blockchains than to use the public blockchains.
http://sg-stock.blogspot.com/2018/09/the-private-blockchain-will-cannibalize.html
Please read our crypto postings for your own education. Crypto prices have been falling after our postings because our readers get more educated.
http://sg-stock.blogspot.com/2018/11/a-financial-analysis-on-initial-coin.html
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https://sg-stock.blogspot.com/2018/02/mathematicians-say-that-bitcoin-is-scam.html
I don't know what model those proponents are using but mathematicians using maths models are calling bitcoin a scam.
https://sg-stock.blogspot.com/2018/04/bitcoin-is-still-way-over-valued-and.html
A network pricing model put bitcoin price at around US$1750.
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