With all the media attention and the skyrocketing price of bitcoin of late, it is common to hear that bitcoin is in a bubble. However, some analysts disagree, offering reasons why the digital currency has more room to grow.
Some Say Bitcoin Is in a Bubble
As the price of bitcoin surged over 180% this year, some speculate that the digital currency is in a bubble. Earlier this week, Shark Tank star and billionaire Mark Cuban gave his opinion of bitcoin’s price. “I think it’s in a bubble. I just don’t know when or how much it corrects,” he tweeted.
Last month, Bitcoin.com reported on Charles Hayter, CEO and founder of the cryptocurrency data analysis firm Crypto Compare, calling the Asian bitcoin price rise a bubble. As the price of bitcoin climbed higher in Asia than most western exchanges, Hayter said he “believes the increase is a bubble formation but questions the level of speculation.”
More info here: https://news.bitcoin.com/bitcoin-bubble-analysis/
Topic: [2017-06-10]Bitcoin Bubble? Analysis Suggests More Room to Grow (Read 2912 times)
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