"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.
although there are hundreds of people who just want to use bitcoin to make hodl, there are other people who are using bitcoin to make payments, it is true that the global use of bitcoin as a means of payment is being slow because it is something that depends on regulation, and it will be a long process until all countries in the world accept bitcoin as a means of payment.
So, is the Bitcoin bubble about to burst?
look at the history of the market, in the past there was the sad episode of ICOs that caused the price to reach $20,000, now many people are using bitcoin, it is not pump and dump as in the past