Well, there's no such base to the theory Jamie Dimon, Chief Executive (JP Morgan) used to throw such a public statement claiming Bitcoins are in a bubble and may soon burst. There are investors, traders, billionaires who have their money put into Bitcoins, should they worry?
I think NO. Here's a contradictory claim by a Wall Street "bear" Tom Lee, Co-founder at Fundstrat Global Advisors who thinks that "Bitcoin will reach $25k by 2022 as he thinks that Bitcoin is a hedge against inflation as well as he bases his prediction taking young investors into consideration, he says that these type of investors believe that Bitcoin is the best possible investment of all time. He said that there are not more than 300k wallets which possess a portfolio of over $5000 per wallet and thinking that Bitcoin is in a bubble means comparing it to those who thought iPhone adoption was a bubble too and were proved wrong when over 500k consumers bought one within 4 days of its release in 2007."
More about his prediction here -
https://twitter.com/CNBCFastMoney/status/908454383968559107Do you believe we are in a bubble?