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?
This is the question that bothers all the investors and users, is it really a bubble ? i don't think so, as we it now it has a high value because of volatility rate which brought to top with people's demand. If bitcoin is really a bubble it should have pop out or burst when it reached a $20000 in price where it didn't happen instead it just slowly deflating obviously the people pulled out their some to get a profit.