BITCOIN IS A BUBBLE | Truth Revealed

in #crypto6 years ago (edited)

Yes, there's no bubble to blast, let's understand how...

If you ask me about bubble bursting of Bitcoin, let me tell you that there’s no bubble to burst. This is purely based on the principle of demand and supply!

Because of the awareness of Bitcoin’s existence day by day its demand is increasing whereas the bitcoin is a limited resource unlike any fiat currency.

bitcoinbubble-1024x842.jpg
Image courtesy: https://www.cryptonairenews.com/is-btc-a-bubble/

After every 10 minutes, new bitcoins are produced. And this process will go on happening till the year 2140! Yes, you read it right, thats more than even 100 years from now. How can there be a bubble to blast if every 10 minutes a new coin is minted?

Source: http://www.techcryptoguru.com/?p=34

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