Skip to content

5 reasons why the Bitcoin price is not Tulip Mania: Nasdaq.com

--Advertisements --

Bitcoin is "not a bubble," said the Nasdaq citing five reasons demonstrating why the Bitcoin price is nothing like Tulip Mania.

The increasing adoption as legal tender, the acceptance of merchants and an instrument of investment for "troubled" economies are among the signs that Bitcoin is just beginning, rather to culminate, wrote Wednesday the investment giant. the returns that Bitcoin and its digital peers in the cryptographic asset space have experienced have not been seen since the day and age of the internet bubble in the late 1990s, "he said. -he declares. has very different fundamentals from the first actions on the Internet and a much more promising growth trajectory.

The adoption of the virtual currency in 2017 was very deliberate, as in Japan, or accidental, as in Ve

Resisting criticism of traditional financial circles that the price of Bitcoin had risen too fast and would inevitably fall, the Nasdaq reiterated that in the long run, things were

"Five years ago, if you had asked the person average in the street what Bitcoin is, they would have probably given you a puzzled look.Today, most people have at least heard of Bitcoin, and many even know that a bitcoin is worth more than & # 39; 39, an ounce of gold, "he continued.

Faith found in Bitcoin and its ripening as a medium The upward trend in prices has become evident with the increase in resilience to FUD or other bad news.

-- Advertisements --

Traditional forecasters are now forecasting a new upward momentum for prices, with TradingView eyeing a new record of $ 6,800 for November despite the uncertainty surrounding the SegWit2x hard fork.

See also  Putin Adviser Says 'CryptoRuble' Will Circumvent Sanctions, Government Remains Divided

 Bitcoin Price trend weekly "src =" "title =" https://lh5.googleusercontent.com/i5kNkCBux-BoKhWF48xMjjw8IhIzkyjBeGfZDcsZzYn2iNZqEUCMOJmrQG-_S3pxUxDzLNG9YgNKDgk7h3roisRd6JPKjIjpvKNOFPkk14K79mS9riwCQEEkvmv2k8hPQDDU21Lc Bitcoin weekly price trend "/> </p>
</div>
</pre>
</pre>
<!-- relpost-thumb-wrapper --><div class=

Advertisements