RATE Group | Economist Claims Bitcoin Bubble Is Still in the Early Profit-Taking Stages – The Merkle
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Economist Claims Bitcoin Bubble Is Still in the Early Profit-Taking Stages – The Merkle

02 Jun Economist Claims Bitcoin Bubble Is Still in the Early Profit-Taking Stages – The Merkle

Posted at 18:30h in Bitcoin News by

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It is only to be expected that economists and other financial experts remain wary of Bitcoin and other cryptocurrencies at this stage. After the onslaught which traders have witnessed throughout most of 2018, the future price direction remains unclear. Economist Joost van der Burgt is confident Bitcoin will fall even further in value pretty soon.

Another Doom Scenario for Bitcoin

Anyone who has paid attention to Bitcoin price predictions over the past year may have noticed that financial ‘experts’ don’t expect a bright future for Bitcoin or other cryptocurrencies. That is not entirely surprising, especially considering that the year 2018 hasn’t been too positive so far. Even so, optimism remains in place overall, as bigger and better things seem on the horizon for this industry.

If economist Joost van der Burgt is to be believed, the future will not look all that bright. More specifically, he is confident that Bitcoin is still in a massive bubble as of…

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