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?
They are saying that bitcoin is going to bubble isn’t really something bad, there isn’t anything wrong with that, it’s a normal thing for them to say that. I have seen some economists that warned people about how the price of Bitcoin was pumping this year, and they were telling people to be very careful while they are investing in Bitcoin because it can burst at any time and they will be losing a lot.
So, they are saying it as an advise and not as a way to say something bad about Bitcoin. Lastly I don’t think that the digital currencies coming from banks will be able to beat Bitcoin, I’ve seen how some of them came and no one was interested in them.