[2017-03-07] Yale Lecturer: Bitcoin is No Bubble, Long-Term Outlook is Bright

[tyz]

Yale Lecturer: Bitcoin is No Bubble, Long-Term Outlook is Bright

Is bitcoin’s historic rise headed for a major fall? Vikram Mansharamani, author of “Boombustology: Spotting Financial Bubbles Before They Burst” and a lecturer at the Harvard John A. Paulson School of Engineering and Applied Sciences at Yale University, analyzed the likelihood of a new bitcoin bubble in his LinkedIn post. Using five “lenses” he has developed, he concluded that bitcoin’s long-term outlook is positive.

https://www.cryptocoinsnews.com/yale-lecturer-bitcoin-no-bubble-long-term-outlook-bright/

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[Karartma1]

"Psychology is another factor. When people assume the belief that “it’s different this time,” it’s time for buyers to beware. Asset prices never increase indefinitely. Bitcoin is no different in this regard."

Above the discriminating factor when talking about bitcoin today

[Papa Bear]

The amount of debt supporting fiat currencies is an indicator. Traditional currencies are getting debased worldwide. Cryptocurrency offers a non-printable currency like gold,cryptocurrencies are in vogue and offer freedom from authoritarian manipulation. But there are no artificial government interventions supporting bitcoin prices. Regulators, for their part, are trying to discourage bitcoin. Governments, however, can’t do much more than temporarily impact the price of bitcoin, as was the case when China recently tried to control bitcoin trading.