You are at: Home » “Bitcoin is a bubble, no plans to short-sell: Japan Post Bank CIO – Reuters” | $7,058.75

“Bitcoin is a bubble, no plans to short-sell: Japan Post Bank CIO – Reuters” | $7,058.75

Last updated on:
Fact Checker

Bitcoin BTC=BTSP is in a bubble and its fair value should be around $100, or about 99 percent below the current level, Katsunori Sago, chief investment officer of Japan Post Bank (7182.T) said on Thursday.

Sago noted that blockchain is a great technology and one day bitcoin could become a major means of settlement.
“But that will be years away, possibly more than a decade — so there’s no need to buy bitcoin now. Since no one knows when the bubble will burst, the best thing to do here is to stay away from it,” he said.

Eulogy made by Katsunori Sago

Source

Zsofia takes care of our readers’ questions. Zsofia started mining Bitcoin, then some altcoins with the available AMD GPUs together with her brother. Although her mining activity has stopped by now her passion for blockchain technology and cryptocurrencies remains.

View all Posts by Zsofia Elek

Free Bitcoin Crash Course

Learn everything you need to know about Bitcoin in just 7 days. Daily videos sent straight to your inbox.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
We hate spam as much as you do. You can unsubscribe with one click.
We hate spam as much as you do. You can unsubscribe with one click.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top