It's funny that you quote Armstrong so much in this post about the bull market in BTC because he's been so critical of it. It's obvious from reading his assessments that he only partially understands what it is, which is surprising to me because he's a programmer. For example, he thought that Satoshi would come and claim a "royalty" on Bitcoin now if he was a real person. That's a ludicrous thing to say if you know anything about Satoshi and the history of Bitcoin. He would just spend the likely billions of dollars in BTC he has now and remain anonymous so as not to paint a target on his ass.

That said, most of the rest of what I've read from Armstrong is unbelievably good and his predictions are nearly flawless when it comes to market trends. I have great respect for what he says, because he generally knows his stuff. He's just misinformed about this one subject: cryptocurrency.