Crypto News Flash #27 : Main Stream Media Calling Crypto Buyer A 'Greater Fool' While Bitcoin Is Heading Towards $10000 !!

Well, the days we're living are like safe haven for those people who bought Bitcoin at some cheaper rate than it is now. Undoubtedly, Bitcoin is heading towards $10000 mark breaking all its previous ATH. 

If we talk about mainstream media, then most of them are calling Bitcoin a huge 'Bubble' which can burst anytime and Bitcoin buyer a 'Greater Fool'.

UK's Guardian still calling Bitcoin the biggest bubble this World have ever seen and constantly demoralizing the Crypto buyers. 

A Senior Analyst in London based ETX Capital, Neil Wilson is calling Bitcoin buyers a 'greater fool'. 

He added delivered this statement in a conference:

“Rather than a commodity or currency, Bitcoin is like owning stock in a company that will only ever issue 21 mln shares and never pay a penny in dividends”.

“The only way it has value is if the next guy is willing to pay you more for it – the greater fool. With no intrinsic value to Bitcoin, it’s hard to see this as anything other than a giant speculative bubble.”

But Neil Wilson also admitted that Bitcoin capialisation has been greatly increased, even taking over the capitalisation of General Electric, after the CME's announcement of Bitcoin's future trading later in this year. 

While most of the main stream media is against Bitcoin, its value is continuously increasing. As of now, current market Bitcoin capitalisation rest at $162.5 Billion. 

Let's hope it keeps on increasing and not proved to be a Bubble in near future. 

Thanks for reading ..!!

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