Crypto Bubble. Is Bitcoin a big bubble?
The big question is: Is the BITCOIN and the CRIPTOCURRENCY a BIG BUBBLE? Are they really a reality? Where will they arrive in the near and far future?
Today we bring a topic that has been and will be debated infinitely until we see results we can talk about.
Well, here we have the opinion of Mr. Paul Krugman, Nobel Prize in Economics.
According to Mr. Krugman, he was consulted by his barber on whether or not he should invest all his savings in Bitcoin. And the answer was ... Absolutely NOT.
But why?
The reason is simple. There is a great mystery about this currency, we have read, researched and shared information about them and we keep monitoring movements and forecasting them with the best experts and programs but the big difference with other currencies like the dollar is that even though its value is fiduciary, these are supported by the countries that use them and issue them and their regulated by the institutions of these same countries.
On the other hand, with these electronic currencies, their value is purely speculative, creating the BUBBLE of which we speak.
According to Robert Shiller (expert in financial bubbles).
We are on the way to a big scam by means of the first people who bought large amounts and speculate with their value in the different markets attracting other investors and so on until so many people have entered the bubble It ends up bursting creating a financial chaos like the one recently seen with the financial bubble and the economic crisis of 2008.
Now at this moment, there are many with the uncertainty of whether or not to invest in these currencies taking into account the value losses that have occurred from December to our date. Waiting for the studies and experts that promote a new rise in value for the coming months we must be careful in the decisions we must make and as always the great debate to make a fair and neutral decision based on what these financial experts say, even though, they contradict themselves in their opinions and their points of view.
Maybe we are facing an investment opportunity that is still open to make money in large amount betting against the best style of the movie The big short. Only time will tell us if we were wrong or not and as always it's time to play it in the best style of Las Vegas.
I share the original article I told you about today, the New York Times and the geek @pictoline account on twitter.