Bitcoin has recently been a hot topic among many people, economist especially. But as it moves towards the $12,000 index many are having doubts as to how stable the market for bitcoin really is. Just recently, an expert from Yale who was considered as Wall Street's most influential economist described it as a dangerous speculative bubble due to its lack of intrinsic underlying economic value to the concept.
Despite the lack of understanding of its mechanics by lots of investors, why and how does it continue to prosper?
Is it really just a bubble? And if it is, when is this bubble going to burst?
As an application developer, I am amazed and stunned when I deeply learn and study Cryptocurrency Blockchain Technology because it is very complicated but yet complex in the way that verification of every transactions to public ledgers is stunning.
Soome People tagged Bitcoin as a bubble because they don't know the history of the making and the years of development by one of the greatest developers like Mr. Satoshi Nakamoto.
It ia a bubble Because they refer Bitcoin price personally and doesn't recognize the credit to the developers and coders.