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Saturday, September 30, 2017

Crypto News: $50,000+ Bitcoin Could Happen if This Isn’t a Bubble But an S-Curve

$50,000+ Bitcoin Could Happen if This Isn’t a Bubble But an S-Curve

Countless experts and pundits, including Chase CEO Jamie Dimon, have proclaimed that Bitcoin is in a massive bubble right now, and it certainly could be. Yet these “experts” fail to consider one possibility that some in the Bitcoin community are beginning to suspect: mass adoption may be imminent.

First, let’s get something out of the way. Yes, with every bubble there are people who insist that it really isn’t a bubble. It’s “the new normal” or “a new paradigm.” Perhaps the most infamous such example is that of Yale economist Irving Fisher. At the height of the 1929 stock market bubble, just before the crash, a jubilant Fisher proclaimed:

“Stock prices have reached what looks like a permanently high plateau.”

He couldn’t have been more wrong.

Full story at

Source: CoinTelegraph

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