Published On: Thu, Dec 7th, 2017

Ex-Morgan Stanley Economist Believes That Bitcoin Is a Dangerous Speculative Bubble

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Many top economists from around the world have come forward to state their opinion on Bitcoin. A former Morgan Stanley economist believes that Bitcoin is one of the most dangerous speculative bubbles he has ever seen.
The Future of Bitcoin

As Bitcoin is constantly reaching a new all-time high price, many top economists and investors have come forward to predict how Bitcoin is going to perform in the future. The most prominent statement came from JPMorgan CEO Jamie Dimon, who stated that Bitcoin is a “a terrible store of value.” Of course, Jamie Dimon has a long history of bashing Bitcoin despite the fact that the company he is CEO of is dabbling in both Bitcoin and blockchain technology.
Prominent investor Mike Novogratz believes that Bitcoin and cryptocurrencies, in general, have a bright future ahead of them. Recently, Novogratz is predicting that Bitcoin may even hit as high as $40,000 per coin in the upcoming months. There is definitely a big hype around cryptocurrencies at the moment, and many investors are excited to see how Bitcoin will perform in the upcoming year.
A Dangerous Speculative Bubble

Some experts may be optimistic about the future of Bitcoin, but …

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