Why Bitcoin price is a bubble that will eventually collapse

  • Kenneth Rogoff has reflected the opinion of JP Morgan CEO Jamie Dimon, saying Bitcoin is a bubble that will eventually burst.
  • Bitcoin has no future, Blockchain is the future – – According to Kenneth, the only good thing about Bitcoin is the blockchain technology it runs on.
  • Kenneth didn’t speak much about Bitcoin’s price, he just expressed a strong belief that Bitcoin will not prosper in the end, no matter what happens.
  • Governments to crack down on Bitcoin – – At the moment, the crypto world is a bit of a free-for-all, with little or no regulation in most parts of the world.
  • He acknowledged that some governments have embraced and regulated Bitcoin and other cryptocurrencies but believe they will turn their back and ban cryptocurrencies once it becomes evident that they are being used for criminal activities, to launder money or to evade tax.

Kenneth Rogoff has reflected the opinion of JP Morgan CEO Jamie Dimon, saying Bitcoin is a bubble that eventually will burst. However, he believes the crypto-coin’s underlying blockchain technology is here to stay.

Kenneth Rogoff has reflected the opinion of JP Morgan CEO Jamie Dimon, saying Bitcoin is a bubble that will eventually burst. However, he believes the crypto coin’s underlying blockchain technology is here to stay.

Whenever Kenneth Rogoff speaks, people listen. This is because he is an accomplished academic. Currently, he is a professor of public policy and economics at Havard, and he also boasts of degrees from Ivy league schools like MIT and Yale University. In addition to this, he was the Chief Economist at the International Monetary Fund, IMF, from 2001 to 2003.

So, he should know what he’s talking about whenever he speaks, and right now he’s talking about Bitcoin.

Kenneth is the latest addition to the side of Wall Street that believes Bitcoin will eventually collapse. In this article published in The Guardian, he made his opinion known.

Bitcoin has no future, Blockchain is the future

According to Kenneth, the only good thing about Bitcoin is the blockchain technology it runs on.

Is the cryptocurrency bitcoin the biggest bubble in the world today, or a great investment bet on the cutting edge of new-age financial technology? My best guess is that in the long run, the technology will thrive, but that the price of bitcoin will collapse, but maybe after the longest and biggest bull run in human history.

Why Bitcoin price is a bubble that will eventually collapse