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Bitcoin: Is It a Bubble Waiting To Burst?
Since its launch in 2009, there have been numerous predictions that bitcoin is a bubble waiting to burst. More than 10 years later, it has gone from strength to strength as the bubble is yet to come. Created by Satoshi Nakamoto (Remains anonymous to date) Bitcoin introduced us to the era of cryptocurrencies. These are currencies powered through blockchain and exist in a decentralized form. Satoshi envisioned a future where it would act as an alternative currency to traditional money. Through decentralization, Satoshi made it possible for Bitcoin to exist without any central control point. Progress Initially, the majority of analysts dismissed Satoshi’s idea as mere imaginations. Having an alternative…
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Do You Really Need To Invest In Bitcoin?
Bitcoin has become one of the most valuable and lucrative financial assets to invest in over the past few years. Its foundation on the concept of offering an alternative to traditional money has caught the eyes of speculators and prospectors. These factors combined with media hype has caused massive demand from all kinds of investors including individuals, hedge funds and banks. Within the last decade, the price of bitcoin has skyrocketed and seems like there is no end to it. The biggest question on everybody’s mind is, what is the real value of bitcoin? Is it still worth it to acquire or is it a bubble awaiting to burst? There…
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