Regarding the reason for the recent increase in the price, he said, "A few days ago, its price was 1,000 dollars. Before that, it was 100 dollars. Within a year, the price went from 100 to 1,000 dollars. Then, within a few months, its price went up to 19,000 dollars. It is rational. not behavior”.
He said that now many people are investing in it for more money. In such cases, if these people suddenly withdraw from the market, many will be in danger.
"That's our fear," the economist warned. "Since there is no authority, there is no room for more supply of money. So there is no mechanism to control when it collapses or goes up."
He said, the central bank of Bangladesh is saying not to invest in Bitcoin. It is not an authorized currency. It is not worth investing in it.
Their job is to scare us, but my life and my entire economy do not depend on them. Every decision is my right and control. They don't want us to achieve true freedom, which is why government economists keep advising the public not to touch Bitcoin, and stick to fiat and controlled assets. Once again their methods no longer have any effect at this point. People already know how to invest, know the risks and don't care as long as economists don't demand everything they need.
So do you still want to say be careful even though we already know the depravity they have committed all this time? it seems like they don't want us to be rich
That's what they want people to feel since they always like those people to invest on stock market so that it can gather more huge cashflow and that could give them huge benefits. The only thing we can do for that is to ignore and do some research since if we let ourselves being unaware about their methods done and always listen to them then we might be a easy target for manipulating. People on crypto know what they are dealing and for sure majority is already preferred on worst or good condition since they experience to go to that process.
I may still be more careful but I don't let any opinion coming from different or random people to disturb on what I currently doing. We must do a research so that don't became a easy target for them.