"In fact, it is not used much in the legal economy now. Yes, a rich man sells it to another rich man, but this is not the end use. Without these uses, it has no long-term future. ," Rogoff said. In other words, Bitcoin currently exists almost exclusively as a speculative tool.
So, is the Bitcoin bubble about to burst?
That is actually one of the oldest label for Bitcoin. The keep saying that Bitcoin is a bubble but seeing the graph from past years, all those times that this naysayers talk about Bitcoin along with other Cryptocurrencies, their values have just improved and the surge of people wanting to get in/learn/invest on Cryptocurrencies is also at a new All time high.
We know that anytime Bitcoin can lose its value but nobody can really say if that would happen.