Bitcoin is dead… almost. Since 2018, Bitcoin shot up to $20,000 and plummeted to $7,500. The recent plummet has experts claiming it is the end of Bitcoin and the bubble has finally popped.
Afterall, does Cryptocurrency have a future?
In this report the bank says that cryptocurrencies are currently just additions to the current money payment system. ... Deutsche Bank predicts that the number of cryptocurrency users will grow 4x in the next ten years, reaching 200 million. This growth is almost same as that of Internet in its first 20 years.
Apart from this, what caused Bitcoin crash? The Bitcoin market crashed overnight, with the price of Bitcoin dropping by 11% in the last 24 hours. Over the last few months, the Bitcoin market has been on a major bull run. ... Another reason for Bitcoin's price crash might be that Bitcoin was being chronically overbought. In other words, buyers were getting greedy.7 days ago
Forbye, is it smart to buy Bitcoin right now?
There is an abundance of positive sentiment around Bitcoin right now. Some investors compare Bitcoin to gold as a potential store of value as it increases in relative worth against both the U.S. dollar and gold. "Unlike fiat currencies, Bitcoin cannot be hyperinflated.
Did the Bitcoin bubble burst?
The first registered Bitcoin bubble popped in 2011. This was then followed by a second bubble in late 2013. ... In December 2017, Bitcoin reached $20,000 – a record price in the history of any cryptocurrency. But once the bubble burst, the digital asset came crashing down to lows of $3,150.