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.
There has been countless of people not only Mr. Schiller who makes negative remarks on bitcoin but look now? Bitcoin is surviving and getting strong each year.
What bad news for the Bitcoin if there is nothing permanent here in the market? As we know that price of the Bitcoin is temporary which depends upon the demand rate of people for it. The value of Bitcoin will increase if there is an increase trend in the demand rate which will redirect the Bitcoins price in the increase trend and we all need this for the Bitcoin to follow the uptrend.