Cryptocurrency predicted a painful end: “Inflated bubble”

Bitcoin rate, cryptocurrency rate. Today, the Bitcoin market has turned into a soap bubble, which burst in 2018.
This was stated by the head of Bitwise’s research department, Matt Hougan, reports MyCrypter.

“The emergence of financial bubbles is usually interpreted as a negative phenomenon for assets. However, Hougan takes a different view and sees some positive points. The inflated bitcoin bubble drew media attention to a new financial asset and blockchain technology. The rapid growth in earnings of cryptocurrency companies has allowed many highly qualified, talented specialists to be brought into the industry, ”the report says.

Moreover, Hougan also announced a gloomy cryptocurrency forecast.

“Did the same thing that happened to the Internet, that is, attracted a huge amount of talent. This brought a lot of capital and interest in the development of the ecosystem. I think [bitcoin] is the next dotcom. Remember, the dotcom bubble created Pets.com, but it also created Amazon, ”he stressed.

As previously reported, Bitcoin has great potential, but it can collapse to the bottom at any time.

This opinion was voiced by a cryptoinvestor from Wall Street Bill Miller

Representatives of Wall Street rarely delight Bitcoin with positive reviews and all the more eloquent complements. Miller, in turn, was very complimentary about cryptocurrency, "... as a unique technological experiment."

Bitcoin rate, cryptocurrency rate

The founder of the investment management company, Miller Value Partners, became famous for the fact that the profitability of his investment for 15 years in a row exceeded the profit from investing in the S & P 500. Noting the high technological capabilities of Bitcoin, the investor, however, was wary of the future cryptocurrency

“Bitcoin can be very expensive, or it can go down to zero,” Miller said.

Miller also noted that there is almost no correlation between virtual currencies and stock markets, which makes Bitcoin a profitable investment tool.

Such a position of a businessman fully coincides with the opinion of another well-known digital currency expert Anthony Plompiano, who claims that BTC can be the best investment tool for pension funds during the crisis.

I take this article from here: https://m.politeka.net/news/economics/904718-kriptovaljute-predrekli-muchitelnyj-konec-razdutyj-puzyr/amp/