If the opinion of Robert Schiller is seriously taken into account by investors from around the world, it is simply because he was the Nobel Prize in Economics in 2013. But when it comes to talking about Bitcoin, man does not chew his words. He is not seized by the craze that surrounds crypto-currencies for several months now.
Mr Schiller believes that Bitcoin is a speculative bubble that will end up exploding, even if in itself this virtual currency should not disappear.
Maybe we should trust what he says. Bitcoin can disappear at any time, because it is
not guaranteed. Its value is not guaranteed. But we should think in a positive way in terms of technology, blockchain technology will help us a lot.
In this world, no investments are guaranteed even bank deposits because bank turns out to be a bankrupt then investors will lose their deposits. If one wants a guaranty then they can invest in any product not just only in bitcoin or cryptos.
Yes, blockchain technology surely will develop a lot over the years but not sure about the crypto coins. I believe that bitcoin may survive for long compared to other cryptos.