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Friday, August 11, 2017

Bitcoin Bubble Debate Escalates as Traditionalists Clash with Bullish Believers

Bitcoin Bubble Debate Escalates as Traditionalists Clash with Bullish Believers

A fresh growth spurt for Bitcoin has seen traditional investors once again surface to comment that the digital currency bubble is on the verge of bursting. But those involved are bullish and optimistic that the real growth has not even begun yet.


It is not only the growth of Bitcoin, which has been unprecedented this year alone but the birth of altcoins and the ease in which money is seemingly created from nothing through ICOs. Bitcoin’s fork, and the creating of Bitcoin Cash is another ‘bubble-warning,’ apparently.


Bitcoin, and cryptocurrencies in general, have staggered many with the way in which they have grown in 2017 alone. A new high of $3,500 was achieved earlier this month when Bitcoin succeeded beyond its Aug. 1 ‘Independance day.’


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


Source: CoinTelegraph


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