Here was a money system that governments couldn t print and. Bitcoin bubble toil and trouble.
Bitcoin is apolitical money.
Bitcoin bubble reason. The reason is that a number of entities out there have recently announced that they will accept payments in bitcoin with this not likely to be reversed. And i m not talking about prices. Many investors are buying bitcoin in response to what they see as a massive sovereign bond bubble which they believe the government will try to deflate by printing money.
Bitcoin plunged as much as 21 percent over sunday and monday its biggest two day slide since march. It was designed in reaction to the bailouts and money printing that followed the financial crisis of 2008. Large movements in its value are common with four daily swings of more than 5 in the past nine days on friday bitcoin rallied above 35 000 with brokers attributing the move to elon musk.
Bitcoin s two day plunge fuels concerns crypto bubble could burst. It s for this reason that some keen observers think it s not just bitcoin that s in a bubble but the entire financial system. A bubble is referred to as an asset driven by unwarranted and exuberant market behavior which results in a collapse.
For some reason a lot of people tend to tie it up to the current pricing of different cryptocurrencies something that in my opinion has nothing to do with the bedrock of the conversation. Over the past couple of years you must have noticed that some people tend to predict that bitcoin is a bubble about to burst. We re in a bubble.
This suggests that it is not gong to collapse and disappear and also that its use as a medium of exchange may continue to spread. So what s the real deal with bitcoin and why people over the internet refer to it as a bubble. Well at least most of us are in a bubble.