Many are saying that bitcoin is a bubble, meaning the price will go sky high and then will burst and faal down maybe even to 1000$, some saying even low.
And i was worry about that so i resarch and found this 4 reasons that i think are legit:
Should central banks create derivatives based on bitcoin, Martin encourages people to buy bitcoin directly. Banks cannot manipulate what they don’t control.
Bitcoin’s supply is limited. There will only be 21 million bitcoins created, and 80% of this number has already been created. The more funds invested in bitcoin, the greater the value of each bitcoin. Other blockchain currencies could affect bitcoin’s value, but all the other cryptocurrencies combined are not yet equal to bitcoin’s market value. In addition, those cryptocurrencies that don’t have limited supply will not hold their value.
Bitcoin is secure. Encryption and decentralization make it so. It can be stored in cyber “vaults,” where owners keep a hard copy of the encryption cipher. While a bitcoin exchange and a computer can be hacked, bitcoin that is in a “vault” will not reside in the exchange or the computer, and only the owner has the code to access the stored bitcoin. No one can confiscate it.
Bitcoin transactions are stored on a public ledger that lists all confirmed transactions. Decentralized bookkeeping is more secure than centralized ledgers.
Maybe some day it will be a bubble pat that day is far from now.
