bitcoin bubble

Bitcoin prices continue to hit all-time highs prompting many to ask the question: when will the bubble pop? As companies like CME begin to offer futures options on the currency, many are even banking on the idea that the industry will pop soon. These futures have only been available for days, but the coin is continuing to rise with many questioning why.

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The coin is up almost twenty times what it was at just the start of this year, and it doesn’t seem to be slowing down any time soon. The Analayst Ronnie Moas of Standpoint Research stated that the cryptocurrency could potentially reach into the hundreds of thousands given the limited supply and continuously increasing demand. Although many analysts think the coin will go higher, 51 out of 53 economists in a recent poll stated that the coin is a bubble, and there are a few reasons why that bubble could pop soon.

Bitcoin futures have arrived into the market, which has in the short term helped to pump the price of the currency up, but it could end up being a double-edged sword. These contracts allow investors to do something that they have never been able to do. Investors can now invest in the coin declining in value, which could potentially help to pop the bubble. Investors who want to get into the market can now get into cryptocurrency without ever even touching the stuff.

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Derivatives are allowing for investors to get involved with no exposure to the actual crypto market. The problems in the crypto world are quickly surfacing as more and more investors question whether or not cryptocurrency is a solid investment. The hopes are high that the bubble will not burst too quickly, and investors have time to pull money out before losing it.


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