Massive craze for Bitcoin, which once gripped the world, seems to be dying down, indicating the cryptocurrency may have entered into the bubble phase.
Since trading has been volatile, it was very difficult for even economists to have a true sense of Bitcoin’s future outlook. Global markets are still in two thoughts when it comes to trading in Bitcoin and other cryptocurrencies.
As Bitcoin is witnessing a declining trend for past few weeks, the question is being asked if it has started to bubble.
For many known economists, there is nothing new, and even investor and philanthropist Warren Buffet also opined the same.
They all believed that Bitcoin is an illusion, a mass hallucination just like a soap bubble.[…]
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