Forbes has declared Bitcoin’s 2017 price growth “has most of the elements of a bubble” and will ultimately burst.
Drawing similarities with conventional financial asset bubbles, Panos Mourdoukoutas writes that huge adopter interest will preclude a mass exodus, leaving hardly any value at all.
“Investors who have been around Wall Street long enough know all too well that when money becomes tight and investment promises aren’t fulfilled, bubbles and manias end; and millions made are lost much faster than they were made,” he wrote. “And then some.”
So, what do you think about this opinion?