My wife was in a Chase bank today and overheard a chase bank rep stating to a customer, that the bitcoin is NOT going to last much longer.
Especially because the bitcoin continuing to grow in value. I guess that as a result of the increase and nothing backing and/or supporting it.
That as a result it can no longer continue to exist, if I am understanding this analysis...If somehow there could be a discontinuance of the bitcoin,
how does this effect the other forms of cryptocurrencies???
I like how these banks go to great lengths to make sure that whatever their employees say will not constitute financial advice - and there is this particular person offering up their advice regarding Bitcoin.
At every single junction, bitcoin has been doubted and top-callers have come in.
Fact of the matter is that adoption is going to continue to drive growth, and bitcoin is just going to get more scarce as time goes on. Just because growth has been crazy over the past few years doesn't mean that it's unjustified or a bubble.