Is Bitcoin An Asset Bubble
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Is Bitcoin An Asset Bubble. In financial terms, a bubble is a state where an asset stays stale for the longest time, then explodes and its price skyrockets through the roof. This has been the most common question ever since the digital gold appeared hit the market.
Every time pundits warn the bubble will burst, bitcoin stutters a bit and then goes charging higher. Starting as early as 2011, similar runups have ended in dramatic crashes. Bitcoin's rise from obscurity to the mainstream is a story for the ages.
But even if it is a bubble, the biggest question is:
This has been the most common question ever since the digital gold appeared hit the market. People buy not because they believe in the asset itself but because—they are certain—they will be able to. A ponzi scheme is where the late investors get no. Bitcoin has skyrocketed in 2020.
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