Monday, June 5, 2017

Not a Bubble: Investors Start to Recognize Bitcoin’s Power

Not a Bubble: Investors Start to Recognize Bitcoin’s Power

What could be more terrifying than making a lot of money and then losing it the next instant? Markets offer investors the opportunity to make money in both bull and bearish phases but to many, a market bubble is something appalling or frightening.

What would happen if all their ‘hard earned’ profits just vanish as the bubble goes bust? Yet, we see somewhat of a resilience when it comes to Bitcoin investors, who have chosen to repose their faith in the world’s first every cryptocurrency.

Recently, Bryan Rich a contributor at Forbes wrote an article titled, “Is Bitcoin a Bubble.” Rich writes, “If you're looking for a warning signal on why the Bitcoin move might not be sustainable, just look at the behavior across global markets. It's not exactly an environment that would inspire confidence.”

He goes on the propound the theory about Chinese stocks and how they took down the global markets. New York Post quoted Fidelity Investments Chief Executive Abigail Johnson as saying, “It’s no accident that I’m one of the few standing before you today from a large financial services company that hasn’t given up on digital currencies.” Just like Abigail, there are many who choose to see Bitcoin as a currency that has real world application and usefulness.

Full story at http://bit.ly/2qOIWPI

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