Is Bitcoin A Speculative Bubble
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Is Bitcoin A Speculative Bubble. There are over 1,000 cryptocurrencies, bitcoin being the biggest by market capitalization, and many have seen huge rises in value over the past few. A speculative bubble occurs when an asset is far, far above anything close to what its real (it might be better to say sustainable) value might be.
To those who say bitcoin is a bubble, what's your response? Among the most popular arguments was that the price of bitcoin and altcoins were based not on the fundamental technology, but the rules of the speculative market and unregulated. The internet is replete with people referring to bitcoin as a bubble. they are spreading fear, uncertainty, and doubt galore.
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However, even if you consider yourself a believer, this does not mean that the crypto market is not a speculative bubble. Is bitcoin a speculative bubble? A high ratio describes either over valuation or a company in high growth. There are at least two definitions of a speculative bubble.
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