The bitcoin bubble popped out of Wall Street quickly: the value will eventually go to zero.

        After Facebook, Google has ordered to block ads relevant virtual currency, COINS (bitcoins) duly tumbled nearly 10%, now have prominent analysts see failure afternoon, asserts that the currency bubble will soon burst, the final value will eventually return to zero, the panic spread the market again.

        Allianz Global Investors (Allianz Global Investors) in the Global economy and policy analysts hofer hitt (Stefan Hofrichter) said that block chain technology despite opportunities for Investors, but encryption currency is worthless, "the intrinsic value of the currency will eventually return to zero", the problem just when.

        Hofer hitt further analysis, according to the currency since its establishment in 2009, prices plummeting features like the shape of the bubble, not like a stock, bills, bonds, commodities, really let investors can really have a commemorative COINS, also does not have any profits, more can't compared with gold, gold's value has been widely accepted more than 2500 years, and the currency development so far, only less than 10 years.

        COINS in December 2017 to nearly $20000 in the history of the peak, but in February of this year the price once the waist cut half less than $10000, hofer hitt believes that it may bubble has only just begun, excessive, gains from trading leveraged metrics, such as the key to actually conform to the asset bubbles, and the currency of mania as a "textbook" classic bubble, are likely to rupture at any time.

        COINS lately it never rains but it pours, making prices tumbled yesterday (14) days, having plunged nearly 10%, the lowest $8219.73 back to the test, the pattern is still "stumble endlessly," pan directly whipped the $7000 mark, at around $7760.53, other digital currency followed the diving, and includes the Rayleigh wave, the etheric currency; It also fell between 6% and 9%.