Many of the traditional financial players, including JPMorgan CEO Jamie Morgan, have criticized Bitcoin, describing it as a bubble. However, due to its hierarchical, mathematical and transparency nature, so called Bitcoin is a very inaccurate bubble of any kind.
Tesla, Amazon, Bitcoin "Bubble"
Bitcoin is not a bubble, contrary to the dishonest and unrealistic claims of bank executives. There is a bubble in Bitcoin in 2013 when demand for Bitcoin increases to a point where the market can no longer support it and the Bitcoin price has fallen from $ 1,300 to $ 200. However, it is not accurate to call the release. Bitcoin body is a bubble, like the inaccurate way to describe Amazon or Tesla as a bubble.
Even up to April of this year, analysts describe Tesla's exponential increase in the value of a "bubble," as analysts have done with Amazon over its 20 years of the company. about existence. Six months ago, Matthew Debord, shipping editor at Business Insider, wrote:
"At this time, a Tesla bubble looks clear and seems clear as it has since the beginning of this year. The difference now is that it grows so big that it becomes scary. "
A "expert" David Greenfield's Greenlight Capital, claims that Tesla is a bubble that will not turn up anytime soon, but it is a bubble. "In due time, we hope the bubbles to pop," Einhorn said.
It is important to acknowledge this trend in any emerging technology company and launch. Analysts and experts rush to confirm that anything is a bubble, due to its rapid rise in value and exponential growth.
From 2013 to 2017, Tesla's share price has risen from $ 20 to $ 302, with many minor adjustments and adjustments. In December, the Tesla shares fell more than $ 100, from $ 250 to $ 150, due to the company's troubled finances. However, over time Tesla recovered and it developed a sustainable business, a market, and extremely important, a consumer base similar to the way Bitcoin has evolved into a sustainable financial network, a strong market and secured an active consumer base of tens of millions of users.
Moreover, it is far from clear that the Bitcoin market, which includes a similar volume and liquidity of Apple, the largest liquid stock in the world with a daily trading volume of $ 3.3 billion. , because it has grown significantly since it was introduced in 2009.