Bitcoin: lack of an objective value is fuelling speculation

29 Nov

Bitcoin: lack of an objective value is fuelling speculation

Crises and uncertainty benefit Bitcoin. Supply is designed to be increasingly scarce. Bitcoin is not a currency but an asset. The third speculative bubble is growing. Will it burst in 2018?

Key Points

  • Black Friday and Cyber Monday have pushed Bitcoin to 10,000 USD
  • 300,000 new users on the Coinbase platform just before Thanksgiving weekend
  • The mysterious Bitcoin success story
  • Users are first and foremost drawn in by the deregulated nature of Bitcoin
  • Crises and uncertainty benefit Bitcoin
  • No need to be an expert to speculate
  • Blockchain technology and mining
  • An algorithm ensures increasing scarcity of supply
  • The bursting of the third speculative Bitcoin bubble is planned