Former economist at the International monetary Fund, managing a family office in southern California, posted 24 December 2017 ideas about the future fall of Bitcoin, announced that closes the short position on Bitcoin.
“I’m sick. I don’t want to try to squeeze more juice from a lemon. I don’t want to think about it, it just seems that the time has come,” said DOE in a conversation with Bloomberg on Tuesday by phone.
DOE believes that the increase in the price of Bitcoin in 2017 can be partially explained by the fact that many people don’t understand the currency or the underlying technology. He also added that people just saw him coming up and wanted to get it.
The imagination of the people when their decisions are not tied to the facts, as we have seen, can play a very cruel joke.