There is one question that anyone who has invested a bit in bitcoin or other crypto currencies wants to get an honest and definite answer: "Bitcoin is a bubble or not?".
Co-founder Ethereum, Joseph Lubin, believes that yes. But he looks at it quite differently. He believes that if it really is a bubble, then it's even good.
A good bubble This is a 100%. This is a good bubble that occurs when technology develops so quickly that the infrastructure behind it does not keep pace and can not serve all people who see this technology as a future and a certain value.
Lubin assumes that the whole story of bitcoin is a bubble. The price of crypto currency number one first takes off, then falls. For example, it happened yesterday, when the price of bitcoin set a new historical record and immediately collapsed by almost a thousand dollars.
Pessimists believe that as a result of the bubble, its value may fall to zero, but Lubin believes that such adjustments only strengthen the industry and help it move forward:.
In the future, we will see a bubble behind the bubble, each of which will be larger than the previous one, and each will create a more fundamental value, because this technology is so strong and deep that it will change the way of creating IT systems around the world.
Alternative views Such views of Lubin are very unconventional. For example, billionaire investor Ray Dalio sees the main danger precisely in the speculative character of bitcoin:.
Bitcoin pushes to speculative thinking, many people think: "Can I sell it more expensively?". So this is a bubble.