A lot has been said about Bitcoin (BTC) $6755.42 -0.28% and its future. Many have weighed in on whether the cryptocurrency is going to surge past its January all-time-high or continue to decline in value. Here’s a recap of how experts weighed in on the matter throughout the past few months.
NICHOLAS COLAS: BITCOIN ‘WAS ABSOLUTELY A BUBBLE’
Nicholas Colas, co-founder of DataTrek Research, said that Bitcoin “was absolutely a bubble based on the futures launch in December and a lot of enthusiasm for the asset.” He also followed up by urging investors to be careful, as interest towards the cryptocurrency is declining. According to him, this “kills” the possibility of new money coming into the market.
Colas based his statements on trends in Google searches. According to him, Bitcoin has seen fewer searches compared to the end of 2017 — when the cryptocurrency peaked at around $20,000. However, willingly or not, he failed to touch on the fact that the interest towards Bitcoin’s underlying technology is growing rampantly..!
Image & News source-Bitcoinist.com
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