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

If crypto does not have any value at all, then we could have as well just considered it a bubble and most people are just getting in to rake a lot from the demand.

Most of these so called economists do not even understand how crypto works and then they go to the media to spew the rubbish their head tells them to spew and at the end go to the back to buy in once they are able to mislead their dumb followers.

I wouldn't be surprised if at least some of them were paid to shill or shilling in their own interest either.