Mark T. Williams
From CryptoWiki
- Professor Bitcoin
- known as “Professor Bitcoin” in the Bitcoin community, is a member of the Boston University faculty specializing in banking, capital markets and commodity trading risk. The professor is infamous for publicly predicting in late 2013 that Bitcoin will fail and crash to below $10 by June 2014. He has since doubled-down on his claim and stands by his opinion today that the Bitcoin ‘bubble’ will indeed deflate eventually, and insists that he will be vindicated.
- For some reason, the Commission on the Bitcoin ETF cited Williams eight times in its ruling, so his comments stood out among others. He told the SEC that “There are several fundamental flaws that make Bitcoin a dangerous asset class to force into an ETF structure”. He also tried to convince the Commission to disapprove the ETF, citing the problems of “shallow trade volume, extreme hoarding, low liquidity, hyper price volatility, a global web of unregulated bucket shop exchanges, high bankruptcy risk and oversized exposure to trading in countries where there is no regulatory oversight, such as China”.
