"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?
NO, bitcoin bubble you mean the price will go up to $ 100k and then they will sell, but obviously it will go back up to more than $ 200k according to the S2F model. Because Bitcoin is not a bubble and I think that they have already clarified that, this would be the second stage that the Bitcoin market reaches Distribution, and apparently it has not yet entered a bullish trend. There is still a long way to go, and it may be like in 2017 for this 2021 in December we will be able to see a new ATH much bigger, at least I think that can happen.