Forex Expo 2021 Brings Live Events Back to Cyprus
coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.
Forex Expo – the Flagship Event of Autumn 2021
coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.
A
How to explain bitcoin? As I said a couple of weeks ago, it’s hard to dismiss the digital currency as a classic investment bubble because unlike any of the other historical manias which have seen similarly extreme gains in price it has formed a series of bubbles, which have burst and then reinflated. Bubbles aren’t supposed to do this: They are booms grown so large that they cannot gently deflate and must burst, never to return.
Bitcoin has many of the symptoms of a speculative mania, led by the sheer excitement it inspires in its believers. But it’s hard to say what the digital asset’s value should be. Like gold, value is in the eye of the beholder. It has no intrinsic value, and while the same is true of banknotes, it has no government standing behind it.
Silver and Gold, and Bitcoin
How to explain bitcoin? As I said a couple of weeks ago, it’s hard to dismiss the digital currency as a classic investment bubble because unlike any of the other historical manias which have seen similarly extreme gains in price it has formed a series of bubbles, which have burst and then reinflated.
Bubbles aren’t supposed to do this: They are booms grown so large that they cannot gently deflate and must burst, never to return.
Bitcoin has many of the symptoms of a speculative mania, led by the sheer excitement it inspires in its believers. But it’s hard to say what the digital asset’s value should be. Like gold, value is in the eye of the beholder. It has no intrinsic value, and while the same is true of banknotes, it has no government standing behind it.