As Bitcoin a Blockchain based technology which is now a days compared with Dot-com Bubble is a hot topic across the world.As the technology beleivers are hodling it and haters are comparing it with Dot com bubble.Bitcoin created new hopes after touching all time high $20,000.Since then it started falling.After its falling started, people started panicking and selling, these also created an bad impact on Btc price.On the other hand after that event Institutional investors started taking interest in Bitcoin.
Today btc price falled with in an hour from $6,347 to $6,333 ,after that it again raised and started falling slowly..
then after it falled till $6,327.
As btc is falling day by day, people started comparing it with the famous bubble, the Dot com bubble.As these bubble was occurred in the year 1994-2002 it is considered in the worst bubble burst in the history.In these bubble Nasdaq stock market grown up.
It was a huge bubble burst in the human history of Internet loss.In the similar way bitcoin is falling day by day.But as I am a btc believer my opinion is that btc is not a bubble.As the technology has got alot of attention, people are interested in it.On the other hand because of the interest and a Futuristic technology behind btc it is legalised in many countries Japan,USA,Australia are some of them.It is adopted by many countries and its demand is increasing day by day, slowly but demand is increasing.Bitcoin will not be a bubble as its adoption is increasing and its drawbacks are reducing by the developers behind it.Lightning network is increasing day by day and many more things are going behind to solve problems with it.
Hopefully Institutional investors will start investing soon and price will increase once again.At the moment we should not panic and Hodl it.At last,In my opinoin btc isn't a Bubble.
What do you think about Bitcoin?Is it a Bubble like Dot com? do share your opinion in comment section.
