Why economists say Bitcoin a bubble

[ronafurw]

I believe that if the currency, for example, is provided by the economy of the country, then bitcoin is not provided. That is, it is likely that it can be a soap bubble in terms of value, which sooner or later burst.

Bitcoin is really doing well for itself at the moment and whether we keep calling it a bubble or not, it keeps soaring. The last correction despite all the FUDs generated with bitcoin being a bubble should have gone further down than that but here we are; it keeps soaring. Should we call it a strong bubble that has refused to burst all these while despite all that is being said? Or should we still keep watching if it is really a bubble or not? We just have to keep watching how events end up turning out.

[musta5a]

hard to say, I thin it's a bubble to some extend

[bitgov]

I talk to big economists they say Is only a Bubble my thought Is no bitcoin Is revolution of economy even doesnt have a background like gold the value Is power of the people what do you think?

These great economists are usually in some way connected with banks - so it is logic that they are in opposit, or they are so hardened in the old economic form that their perspective of thinking does not allow the possibility of a completely new form of economics which sooner or later will be based on blockchain technology and cryptocurrencies.