This week The Bank Of America warned that Bitcoin is going to be a giant 'bubble' -
Looks like they are out of creativity, because this kind of statement is being repeated for so long already... The truth is that bitcoin is doing very well, always recovering after deep corrections and coming back stronger and stronger... Maybe are we facing an unprecedented phenomenon never seen before in financial world, at least in practice?
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?
Yes, a probable crypto currency developed by banks won't be popular like bitcoin. They just want to benefit from blockchain technology like all these crypto currencies we see since years ago are doing so far, that is all.