"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?
I don't understand this kind of people as there are already places for using Bitcoin as a payment method. We can even buy a car with it now thanks to Tesla. And I believe the number of places will continue to increase like now. So, it is not just an investment tool. Maybe years ago it was, but not anymore.
They are the type of people who uses Bitcoin but in denial that it would further progress in our daily lives. Bitcoin has already come a long way and its really weird that people are just asking if Bitcoin is just a bubble. If its a bubble then that is surely one hard bubble that cannot be popped. Its value is volatile and people needs to understand that its value will increase and decrease at different points in time but we should be thankful that Bitcoin is something we can earn and use to supplement our daily needs.