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
