12, Nov
Is Bitcoin in a Dangerous Bubble?
Bitcoin is a 'dangerous speculative bubble,' expert says. With the price of bitcoin moving toward $100,000, a top economist on Tuesday sent a stark warning to investors: The cryptocurrency is in a "dangerous speculative bubble."
With crypto, it's a different because there's a value you can compare to one another in market value. So you're really looking at history and trends, and the history is very short.” Several prominent investors and economists believe that Bitcoin and other cryptocurrencies are inherently a bubble.
If the price of a cryptocurrency can be justified from transactional demand, it may be a sound investment. However, if future investment inflows are needed to explain the price, that indicates a bubble.
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