Bitcoin price is NOT a bubble!

A lot of important people, including world renown billionaires such as Warren Buffett, think that Bitcoin is a "bubble." The Billionaire investor was quoted from a recent Coindesk article saying that he believes the Bitcoin is "A Real Bubble" and that "you can't value bitcoin because it's not a value-producing asset." George Soros, another one of Forbes top 5 Billionaires, also has expressed his concern about Bitcoin being a "bubble" and a financial tool used by dictators. Both men has held the position as "the world's richest man" and has earned billions of dollars by making the right financial choices; but could they both be wrong on this? could this be a case where the world's wealthiest men are confused about a world changing technology and one of the most revolutionary ideas in the last few hundred years?

Though Buffett has made a fortune using smart investments strategies over the years, one of his regrets is not investing in Google when they started out in the late 1990's. Buffet's lack of understanding of Tech Stocks, at the time, made him skeptical about purchasing $10 stocks in the now $500 billion tech giant. Bitcoin emerged out of nowhere in 2009 and has been growing exponentially since, much like the internet did in the 1990's and early 2000's. Could the Blockchain technology be too quick and effective for even the most elite class of society to fully understand?

Bitcoin is not just a currency, it is supported by a open source technology that we have never experience on such a massive scale before. The Blockchain sets the digital foundation for what could be a next "industrial revolution." Decentralizing the world means a massive change in the way just about every existing business operates. Most businesses are built around facilitating a service or product to the masses by being the "middle man." Decentralized businesses removes the "middle men" reducing cost and manipulation power.

Contrary to Buffet and Soros' position on Bitcoin, Bill Gates, the principal founder of Microsoft Corporation and also a top 5 billionaire on Forbes listing, believes that "No one can stop Bitcoin." Gates elaborated in a Bloomberg interview saying:

"Bitcoin is exciting to me because it shows how cheap it can be. Bitcoin is better than currency in than you don't have to be physically in the same place and of course for large transactions currency can get pretty inconvenient... The bitcoin technology is key"

Gates, being a longtime and predominant tech investor, is more likely to understand the Blockchain technology and it's possible impact a lot better than his billionaire counterparts.

A stock market bubble is a type of economic bubble taking place in stock markets when market participants drive stock prices above their value in relation to some system of stock valuation. Bitcoin is not your usual stock and you cannot put a value on something that you don't fully understand. The technology is also decentralized and cheap enough for the average Joe to invest, unlike the stock market that is only for the middle and upper class, which increases the number of participants and the among of capital invested thus driving the price sky-high.

Bitcoin is poised to be just as or even more of an industrial change than oil and the internet did. Bitcoin is not a bubble, it is a riveting revolution.

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