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Learning & News => News related to Crypto => Topic started by: newshunter on February 08, 2021, 01:01:34 AM

Title: Bitcoin is not a bubble anymore, Amber Group CEO says
Post by: newshunter on February 08, 2021, 01:01:34 AM

Bitcoin is not a bubble anymore, Amber Group CEO says

Bitcoin will still have notable value fluctuations, but it's out of bubble territory, according to Michael Wu.

Source: Bitcoin is not a bubble anymore, Amber Group CEO says (https://cointelegraph.com/news/bitcoin-is-not-a-bubble-anymore-amber-group-ceo-says)

Would appreciate your opinion about this

Title: Re: Bitcoin is not a bubble anymore, Amber Group CEO says
Post by: TomPluz on February 08, 2021, 03:06:54 AM

Thanks to Amber Group for confirming what I already know for many years now. People in the past had been accusing Bitcoin to be just another bubble even comparing it to that famous tulip scam centuries ago. And it is quite understandable because Bitcoin was then just a newbie on the scene, and it is sometimes hard to fully grasp the concept of Bitcoin all because everything is just online and no physical manifestation with it especially if one has to view it as a form of money. Now that Bitcoin is again into its biggest bull run, many institutions are funding it hard to resist the temptation to go for Bitcoin and also experience its rewarding ownership. The coming of a good deal of institutional money has a big seal of approval and legitimacy stamped on Bitcoin. So no more bubble, no more scam and no more doubts -- Bitcoin is it the money of the future today.

Title: Re: Bitcoin is not a bubble anymore, Amber Group CEO says
Post by: MarLion on February 08, 2021, 04:57:43 AM

Don't they all? I mean volatility is a constant in crypto currency and it doesn't exempt bitcoin from it. It has its own fluctuatons from time to time and there's nothing to be surprised about on that note. I think this is already a given fact, and not just for BTC.