Bitcoin bubble will burst but blockchain technology will be useful, says private

[mayuri27]

The bitcoin cryptocurrency is a bubble which will burst, but the underlying blockchain technology will have some useful applications, according to a director at Harbourvest Private Equity (HVPE).

Speaking on investment megatrends this morning, Richard Hickman – director of investment and operations at the £995m London-listed HVPE trust – said he believed bitcoin was one of the most over-hyped investment themes of recent years.

Pete Wilson, managing director at the Harbourvest firm which invests HVPE's and institutional investors' money in private equity funds around the world, added that the firm had little exposure to cryptocurrency. Harbourvest has previously indirectly invested in businesses such as Deliveroo, Airbnb, Dr Dre's Beats headphones and Snapchat.

[seasonw]

Honestly, I don't trust those wording from experts. They just calculate based on their statistic which is not accurate at all, better don't read too much of these articles. They will ruin your life  

[Kprawn]

Taking advice from Fiat financial experts on Crypto currency matters is like asking a Plumber to do Brain surgery. They have

never had a commodity/currency like Bitcoin before, why would they be a expert on this matter. You have two kinds of

investments built into one. {Currency & Commodity}  .... They are making fools of themselves when they comment on

Bitcoin. 

[relentless1]

Show me someone that has fully researched bitcoin's history and then still question bitcoin?

They don't exist.

When you don't know, you are naturally defensive, as I was till August of this year.

[frowsiter]

Honestly, I don't trust those wording from experts. They just calculate based on their statistic which is not accurate at all, better don't read too much of these articles. They will ruin your life  

Lol.

Surprisingly I don’t trust these articles either because they are not really perfect predictions. These people sometimes will just brag in front of the news so that more attention can be seek by them. However there are few of them who will do the predictions in perfect way. So I’m not completely against them but really don’t trust them either. At least I will not make really big decisions based on these kind of reads. It is better to watch ourselves in the forum and reading the knowledge from there. That’s the best way to deal with the BUBBLE BURST of bitcoin. ;-)

[RodeoX]

So the people who said bitcoin would fail at $10 are now telling us it will fail at $10,000?
I have made so much money ignoring their ignorance. 

[diguyo]

TBF I think similarly. I hope it doesn't but scalability and transaction fees will halt it at some point, they have to...otherwise it won't ever be mass adopted. This is, of course, as long as the aim is to be a currency. In terms of it being an asset, well once it gets too expensive to get into and make a profit, people will look to something else - it'll be steady and perhaps a safe haven during turbulent times...but the growth will significantly lessen.

Right now though, who knows where that ceiling is? I think we're still quite a long way away.

[phreakk]

The bitcoin cryptocurrency is a bubble which will burst, but the underlying blockchain technology will have some useful applications, according to a director at Harbourvest Private Equity (HVPE).

Speaking on investment megatrends this morning, Richard Hickman – director of investment and operations at the £995m London-listed HVPE trust – said he believed bitcoin was one of the most over-hyped investment themes of recent years.

Pete Wilson, managing director at the Harbourvest firm which invests HVPE's and institutional investors' money in private equity funds around the world, added that the firm had little exposure to cryptocurrency. Harbourvest has previously indirectly invested in businesses such as Deliveroo, Airbnb, Dr Dre's Beats headphones and Snapchat.

Agreed. Bitcoin is overhyped and the hype will be over sometime in the future. The problem is that no one knows when that is and thus no one knows for how long we will be able to profit from this hype. Maybe it'll make us all millionaires... Probably not.

Bitcoin is going to stay reasonably popular for a while though, as Blockchain technology is going to stay and everyone will want to have their hands on the original... Bitcoin will probably turn into a collector's item.

I feel like all of Bitcoin's uses will be taken over by a more advanced cryptocurrency. Paying for your diner in restaurants, buying stuff in shops, etc.. All possible with Bitcoin, as long as the retailer accepts it, but currently, it's just not as practical as paying with your credit card or with cash.
Therefore, I think a more advanced cryptocurrency will soon start to show up in our daily lives and revolutionize the world we live in.

[Pantoflascrypt017]

Blockchain technology is here to stay for sure but cryptocurrencies as we know them right now i am not so sure of.

[allthingsluxury]

I don't think its unhealthy if bitcoin retraces and treads sideways for a time, it needs to build a solid base. However, this could be at even higher prices than what we are seeing today. Who knows.

[heureca]

The bitcoin cryptocurrency is a bubble which will burst, but the underlying blockchain technology will have some useful applications, according to a director at Harbourvest Private Equity (HVPE).

Speaking on investment megatrends this morning, Richard Hickman – director of investment and operations at the £995m London-listed HVPE trust – said he believed bitcoin was one of the most over-hyped investment themes of recent years.

Pete Wilson, managing director at the Harbourvest firm which invests HVPE's and institutional investors' money in private equity funds around the world, added that the firm had little exposure to cryptocurrency. Harbourvest has previously indirectly invested in businesses such as Deliveroo, Airbnb, Dr Dre's Beats headphones and Snapchat.

BTC is not a bubble. It is like a gold in criptocurrency world People believe in Gold and its price is high. The same way is BTC - people believe that it will be main currency in the future and its price is very high.

[taiwww]

$0 to $9000 such an unbelievable development. Anyone can call it a bubble. Experts are predicting more i.e. $25000 in next five years. Many countries are introducing their own bitcocurrency, they are  studying bicoin`s blockchain technology carefully. A blockchain is an anonymous online ledger that uses data structure to simplify the way we transact. Blockchain allows users to manipulate the ledger in a secure way without the help of a third party by protecting the identities of the users. This makes blockchain a more secure way to carry out transactions.

[nexus2k14]

Bitcoin just surged to historic price and hit $10.000 mark for the first time. This comes with speculations that BTC is overvalued and possibly can crash. Listening someone saying BTC is a bubble is hard for me because I heard this more than a few times before. I understand there are some experts that claim it may burst but no one is certainly sure, it's just speculation and like many similar will disappear with time. JP Morgan CEO said Bitcoin is a scam and later apologized for that. It's just a game they play to profit from price fluctuations. Bitcoin is here long enough to build trust with investors and yeah some people really made fortune investing in Bitcoin.  

[RodeoX]

It is important to recognize that bitcoin does not need your money. When people think of a bubble popping they think in terms of stocks. When stocks crash hard the issuing business often goes bankrupt and the stock value falls to zero. With bitcoin a drop of 99.999999% does not affect the system. It may bum you out, but the network carries on.