Quote from: Powerloader on Today at 02:05:17 PM

This week The Bank Of America warned that Bitcoin is going to be a giant 'bubble' - I dont think Banks are reliable 'barometers' when making Bitcoin predictions as I have seen so much negativity from them since 2017 - Now the Banks and Governments are talking about launching their own Crypto to complete with Bitcoin but surely this wont be decentralised so its not really going to be 'The internet of money' is it?

We have heard this statement for years. Lots of bank giants and capitalists have shared their opinion on bitcoin being a 'bubble' that will soon pop in the near future.
Just by basing such statement on bitcoin's price index, you would definitely see that there is consistent increase on its price.

People may claim that bitcoin is a 'bubble' but you definitely cannot hide the fact that lots of investors (including me) have profited from investing into it. They just don't see the long-term value of the blockchain as being applied to transactions which I believe is the future of payments.

Quote from: Bttzed03 on Today at 04:41:06 PM

2018 - Bank of America: Bitcoin Bubble Is Already Popping
2021 - Bitcoin boom is a bubble, warns Bank of America Securities

As you can see, the same bank has been saying it's a bubble for years. They will keep on repeating that until they decide to convert their fiat holdings into BTC (although there's a possibility they are buying already). Don't fret about these FUD from banks and zero coiners. Carry on and keep buying bitcoin.

I mean, the thing speaks for itself. The profit scale of bitcoin has been off the roof! I highly think that they fear about the global implementation of the blockchain technology in the future- which is why they are attempting to create a stigma against cryptocurrencies.