I personally admire that Bitcoin is one intelligent way of transacting money. Blockchain is mind blowing technology. But when come to valuing Bitcoin it is a pure bubble ready to blow up anytime. There is a financial saying that “All crashes begin with the seed of success”. Bitcoin is one financial instrument where investors come up with too much of leverage to boost their returns, compounding their woes.
The Herd is everywhere including the rational hedge fund players investing in bitcoin for faster returns. The fact that Number of Cryptocurrency Hedge Funds positioned touched 70. which is exponential in a very short span of time.
Here is one chart which explains why Bitcoin is the bubble of this Century!
If you still think Bitcoin is not in a bubble & what happens when a bubble ends pic.twitter.com/5ksJFq3VOb
— Ankit Chaudhary (@entrepreneur987) August 31, 2017
The Bitcoin Maniac Continues as usual in Twitter
Yet another Infographic from VisualCapitalist which shows how faster the bubble had grown up.
Last but not Least!
— BloombergQuint (@BloombergQuint) September 2, 2017