To date, the bitcoin market has become a bubble, which burst in 2018
This was stated by the head of the research Department of the Bitwise Matt Hogan, reports MyCrypter.
“The emergence of financial bubbles is usually interpreted as a negative phenomenon for the assets. However, Hogan has a different opinion and sees some positive aspects. Bloated bubble of bitcoin has attracted media attention to a new financial asset and the blockchain technology. The rapid income growth of cryptocurrency companies has allowed to attract many highly qualified and talented professionals,” – said in the message.
Furthermore, Hogan also announced a gloomy forecast for the cryptocurrency.
“did the same thing that happened with the Internet, it has attracted a huge amount of talent. It brought a lot of capital and interest in the development of the ecosystem. I think [bitcoin] is the next dotcom. Remember the dot-com bubble created Pets.com but he also created an Amazon” – he stressed.
As previously reported, bitcoin has a huge potential, but he could fall to the bottom at any time
A similar opinion was voiced by captainvalor with wall street bill Miller
Representatives of wall street rare delight bitcoin positive reviews and the more eloquent compliments. Miller, in turn, is very flattering said about bitcoin, “… as a unique technological experiment”.
The founder of the management company Value Partners investments Miller became famous for the fact that the return on its investment for 15 years in a row exceeded the profit from investing in the S & P 500. Noting the high technological capabilities of the bitcoin investor, however, cautious attitude to the future of cryptocurrency
“Bitcoin can be very expensive, and can fall to zero,” said Miller.
Miller also noted that between virtual currencies and stock markets there is practically no correlation, which makes bitcoin the best investment instrument.
This position is a businessman fully coincide with the opinion of another well-known expert of digital currencies Pompliano Anthony (Anthony Plompiano), claiming that BTC may become the best investment tool for pension funds during the crisis.
“I am not a vivid fan of bitcoin, but closely monitor the tool having high potential,” concluded Miller.