BITCOIN BUBBLE? A SPECULATIVE bubble on BITCOIN?

To understand the subject, it is very important to understand the notion of price and value, which are often assimilated, even though they are very different notions: it is from the subjective notion that the market operators determine the objective notion of price. Value is something subjective which is appreciated according to the point of view of each one.

If we take the example of the "ovalist" movements, mainly present in the United States, they give gold a very important value because they associate the purchase of gold with a political act. Buying gold comes back to fight against the monetary system and allows them to have an unalterable exchange intermediary, allowing them to survive any crisis that could upset the economy. Yet economists claiming that there is a bubble on gold are not uncommon! We have in the Journal du coin a rather similar vision.

Bitcoin is the first electronic payment system without intermediaries, and reliable, allowing the commons to exchange value. And we like that! 😍 If one had to stick to a purely financial analysis, it is true that the upward trend started since May is quite impressive. We are not immune to a +/- violent correction 📉. But even if the market is in a temporarily irrational situation, for us, the facts are there: the technological concepts underlying Bitcoin makes a revolution, and a revolution, it is priceless!

Thank you for reading this paragraph to the end

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