"In fact, it is not used much in the legal economy now. Yes, a rich man sells it to another rich man, but this is not the end use. Without these uses, it has no long-term future. ," Rogoff said. In other words, Bitcoin currently exists almost exclusively as a speculative tool.
So, is the Bitcoin bubble about to burst?
If we think of it as digital gold then itis better to have it now than in the future. Imagine, gold standard lets you have money as much as gold you have. If you stocked gold at home you will get rich immediately when you sell those golds. Here is the same. Try to stock as much as Bitcoin you can, because when Bitcoin is accepted wildly then you will one step ahead of everyone. Buy and hodl still it is relatively cheap. There will be times that Bitcoin will be much more valuable.
Let's not call this bubble. It is the dream of people. If you give them a chance to reach their dreams then of course it will be valuable. Bitcoin offers peer-to-peer, bankless, decentralized, money transfers. This is why that is valuable.