At first Bitcoin was worthless, around 2011 the price of Bitcoin was around $1 per coin and early 2012 I got to know Bitcoin through a faucet, around 2016 Bitcoin began to spread throughout the world, marked by many crypto exchanges being established, governments from various countries began to worry about a Bitcoin bubble . Even though the Bitcoin price has high volatility, in my opinion it does not indicate a bubble. If we look at history, the price of Bitcoin always bounces back after a free fall, and even becomes more stable because there are more and more users and Bitcoin’s resilience becomes stronger from various economic shocks, interest rates, government regulations, etc.
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It has been 15 years since the launch of Bitcoin? Do people still think that Bitcoin is a bubble? If bitcoin was just a bubble, do you think it would have been existed for such a long time? If bitcoin was just a bubble do you think security exchange commission of the united states would have approveRead more
It has been 15 years since the launch of Bitcoin? Do people still think that Bitcoin is a bubble? If bitcoin was just a bubble, do you think it would have been existed for such a long time? If bitcoin was just a bubble do you think security exchange commission of the united states would have approved bitcoin ETF? Just like fiat money, bitcoin is also a tangible asset.It is a new age currency that gives more people to people
See lessIn my opinion, Bitcoin is not currently a bubble in the traditional sense, though it has experienced speculative bubbles in the past during peak price frenzies. Bitcoin has proven utility as a decentralized cryptocurrency and store of value. Its fixed supply and adoption as "digital gold" provide fuRead more
In my opinion, Bitcoin is not currently a bubble in the traditional sense, though it has experienced speculative bubbles in the past during peak price frenzies. Bitcoin has proven utility as a decentralized cryptocurrency and store of value. Its fixed supply and adoption as “digital gold” provide fundamental value drivers. However, extreme price volatility remains a concern. While not a bubble, Bitcoin faces uncertainties around future adoption, regulation, and competition from other cryptocurrencies.
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