Bitcoin Value Will Soar High in the Future

Bitcoin phenomenon is predicted to be more massive in the future. In fact, the digital currency is mentioned in the middle of a bubble economy or economic bubble.

For information, the economic bubble is a term for trading in large volumes at prices that are very different from their intrinsic value. In other words, the product or asset is sold at a price higher than the base price.

Although potentially experiencing bubble economy, it still needs to wait until it actually happens. Investment strategy analyst Jeffrey Kleintop says that, just like any other asset, it takes 10 years before Bitcoin actually undergoes a process of economic bubble, including the impact on markets and the economy.

Therefore, as quoted from Business Insider, Sunday (2/7/2017), there is the possibility of Bitcoin not have an effect on the economy like other assets experiencing bubble economy. Nevertheless, no doubt the growth of Bitcoin never thought of before.