Re: Why economists say Bitcoin a bubble

I talk to big economists they say Is only a Bubble my thought Is no bitcoin Is revolution of economy even doesnt have a background like gold the value Is power of the people what do you think?

A bubble is a bubble when something is overbought, it is that simple. Is bitcoin overbought right now?
With a supply of 21 million (not considering lost BTCs), with all the brightest minds working on it, with the strongest network, and with a marketcap that is still very small compared to what a global 24/7 market like bitcoin is could deliver.... then no, I don't think we are anywhere near a bubble. Corrections will come and go, that doesn't mean we were in a bubble.

Indeed, it's not overbought because, people investing their own funds to buy this cryptocurrency and live market which is having live traders proves that the price trully right and people paying this amount for cryptocurencies

Agreed, economists mention the liquidity without any proper backing similar to the gold or other stocks to be an major factor to consider it an bubble. Though it has been under review for etf and upon other live trades similar to stocks, there are groups that were not in state to accept it.

We should also remeber the global interest from people, traders, people who are using bitcoin to transfer, miners etc That interest also make the value for bitcoin, make it special as a currency and people consider it like a real valuable method of transfering values