“Why Bitcoin will go the way of the tulips” – Financial Review | $7,058.75

Last updated on November 20th, 2017 at 10:47 pm

“At a more fundamental level, we should wonder why Bitcoin exists at all. There is no reason. We can already trade almost anything that is legal over the internet and pay for it in various ways. It’s fast, convenient, inexpensive and quite safe.”

“We can predict the collapse of the value of Bitcoin, even when it may rise for a little
while longer. The introduction of exchange-traded futures may signal the start of this
process. Give it a year, maybe less. Bitcoin will become a case study for economics
students, teaching them about irrational crowd behaviour.”
The backbone technology is real and its value to consumers is real. And therefore, it will survive. Bitcoin as a digital “currency”, won’t.

Eulogy made by Elmer Funke Kupper

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