Why Bitcoin and other Cryptocurrencies can never be a bubble.
Let us start with the obvious. The Main Stream Media along with major uneducated individuals are talking about a bitcoin bubble that will never happen. First a bubble MUST have two factors involved.
Factor 1- The asset must be a physical Asset.
Factor 2- The Asset must not be able to be had by all
Bitcoin and other crypto currencies do not have either of these two factors. For one thing is Everyone in the world can get and have Bitcoin without spending one cent of the Real monopoly money, the US Dollar.
Here is an example of a bubble that can burst, The Housing bubble.
Houses are in fact physical assets that can be felt, bought, and physically lived in. You can actually see houses. The sad part is that not eveyone can get a house. Now you will see that both those factors are present, and now we can see a housing bublle can pop.
Now for the record if any one ever mentions that bitcoin is a bubble, you can now see how ignorant, and trully uneducated that person would be. Since that person would not even know what a bubbole is, or even what factors are needed to create that bubble.
In conclusion, Bitcoin is not, and never will be a bubble.
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