Is Bitcoin in a bubble?

in crypto •  7 years ago  (edited)

The price of bitcoin continues to surge, defying critics to set a new all-time high of $4,500 this week, many people thought Bitcoin was in a bubble but they are starting to change their mind.
bitcoin-225080_960_720.png
I personally think Bitcoin is not in a bubble.

The growth has been tremendous and is not completely natural, but that does not mean we are experiencing a bubble. The bullish speculation and “hype” surrounding the coin are driving the price higher than it maybe should be, but there are still enough factors to support the valuation.

John McAfee has stated that bitcoin critics will point to temporary bitcoin price declines as “proof of their understanding,” but “it won’t matter” in the end. The blockchain revolution will not be stopped. “Those who understand” the revolutionary potential of cryptocurrency, he says “will be the leaders of this new world.”

He also says it is very likely that bitcoin is not in a bubble, but rather in a tipping-point to reach a new plateau of acceptance and valuation. A plateau between3,500 and 5,000 USD.

This video explains the situation perfectly:

Please upvote and follow for more;)

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Source: https://www.quora.com/Is-Bitcoin-a-bubble

Not indicating that the content you copy/paste is not your original work could be seen as plagiarism.

Some tips to share content and add value:

  • Using a few sentences from your source in “quotes.” Use HTML tags or Markdown.
  • Linking to your source
  • Include your own original thoughts and ideas on what you have shared.

Repeated plagiarized posts are considered spam. Spam is discouraged by the community, and may result in action from the cheetah bot.

Creative Commons: If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post.

If you are actually the original author, please do reply to let us know!

Thank You!