Bitcoin soaring value was down to infected buyers economists

[cryyptoexpert2020]

The rise of bitcoin has comparisons with the spread of an infectious disease, according to economists who argue the digital currency may have peaked in value as more consumers become immune to its appeal.

Analysts at Barclays said the soaring value of the digital currency last year, when prices rose by more than 900%, was helped by new buyers being “infected” by the euphoria surrounding bitcoin. The price has since crashed from almost $20,000 before Christmas to less than $7,000.

Using studies from the world of epidemiology the branch of medicine concerned with the occurrence, distribution and control of epidemic diseases the bank’s economists built a model for bitcoin prices that assumed more people were now “immune” to the lure of making money on the new financial asset.

[Delgado]

Almost predicted the coronavirus two years ago, however in the cryptocurrency world. However, these predictions did not come true. Interest in bitcoin and cryptocurrency in general did not fall after the bitcoin price dropped from $ 20,000 to $ 6,000 in 2018. Although this circumstance led to the bear market for almost two years. Now the price of bitcoin is at about $ 12,000 and in the near future we hope to see its price at $ 20,000 again. Only this time, we hope that its price will not fall like last time.

[krypto4uvak]

I think this is a misconception. Bitoin should grow up anyway, and again people will run to buy it and again they will talk and write about it in all the news.

[mlawson71]

That is a certainly an interesting way of looking at it.

[Salman Hasan]

That is a certainly an interesting way of looking at it.

[Msweet]

Thank you so much for your valuable feedback. This epidemic has turned the cryptocurrency world upside down. This has had a huge impact on the digital world.

[Noverteno]

Cryptocurrency will charge people with the euphoria of rapid growth and high prices more than once. The price success of DeFi projects is evidence of this.
Cryptocurrency continues to grow rapidly and there are many more surprises ahead of us. The last quarter of this year should delight cryptocurrency market participants.