Wall stree economists see bitcoin as a bubble

Bitcoin is undoubtedly one of the great protagonists of this year. The quintessential cryptocurrency is experiencing a very intense year, with its fluctuations. Although, the last weeks is being the protagonist for its many increases. Breaking records frequently. Something that despite the current enormous popularity of the coin, has created doubts around the world. Also on Wall Street.

Wall Stree economists see Bitcoin as a bubble

Most economists, 80%, believe that Bitcoin is a bubble. This is how they define the current valuation of the cryptocurrency. Meanwhile, the currency already reaches $ 19, 000 in value in some operations. An unstoppable advance so far this year.

Is Bitcoin a bubble?

Bitcoin continues to raise many questions. While there are companies determined to invest in cryptocurrency, there are many entities that are not so clear on it. Governments around the world warn of its risks. In addition, Wall Street analysts also have some doubts about it. Many do not consider Bitcoin a currency, in addition to having doubts about the current price of the currency.

The cryptocurrency has had tremendous growth in value this year. Although, not only its value has grown. The cost of commissions has also increased significantly. In one week the price of these commissions has risen from 6 to 20 dollars. So it is a trend that surely will not like many.

We don't know if it is a bubble or not. There are entities that point out that it will continue to grow, while others see this phenomenon as a new bubble. Without a doubt, Bitcoin continues to give a lot to talk about. So it will be necessary to be attentive to its evolution in the market. What do you think?

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