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.
let those people say bitcoin is a bubble but we cant deny bitcoin's blockchain will be the future let's see in the future if they can still call it "bubble".
BTC has a value of nearly USD 15,000 (Rp 201 million). Then, at the end of the month, the value of one of the largest cryptocurreny was even fallen to be in the range of USD 8.810 (Rp 118 million). Although it had recovered to be at USD 10,142 (Rp 136 million), but bad luck Bitcoin still continues until early February. Digital currency was once again experienced a slump that forced 1 BTC worth USD 8.568 (Rp 115.1 million). The number was the worst since November 25, 2017, which at that time Bitcoin had touched USD 8.561 (Rp 115 million). Now, Bitcoin's own value is in the range of 8,900 (Rp 119 million), based on data from CoinDesk. The decline in Bitcoin prices is expected to be caused by the new regulation adopted by the South Korean government related to the ban of cryptocurrency in the Ginseng Country. However, South Korean Finance Minister Kim Dong-yeon denied this by saying that the local government only regulates its trade. Not only South Korea, the Philippines and Japan have recently been known to brew the policy to tighten the rules of main cryptocurrency in their respective countries. In addition, Facebook's social networking policies to punish ads that are linked to digital currencies are also seen to play a role in the decline in the value of Bitcoin. In addition, the increasing popularity of other cryptocurrencies such as Ethereum and Ripple attracting people to invest in it is also one of the causes of declining value of Bitcoin, as Nicholas Colas, co-founder of DataTrek Research,