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Bitcoin a 'dangerous speculative bubble ,is it?

Money is a matter of faith,  

Bits of paper and computer bytes change hands billions of times a day as a measure of value because we trust the promise that they represent .in today's era of fiat money ,those promises rest ultimately on a guarantee by governments that they are valuable .  that guarantee , as we have seen , is being questioned as the willingness of governments to live up to the promises of fiat currencies is called into question by the deterioration in public finances   

We often discuss the ways that new technologies and techniques are being used to improve the digital scenario consecutively 

To treat the debate about the future of money as a battle between economic 
truths is to misunderstand the nature of money itself. Money is not something absolute. It is a technology that has changed over millennia to  meet our evolving need for a unit of account, medium of exchange and store  of value.That technology has had to adapt to changes in the real world. The
 rise of democracy drove the abandonment of the gold standard as a
 monetary system that,though it protected the value of money, was too 
rigid for modern welfare states.

Money is a technology we often take for granted. Yet it is technology that has huge implications for the efficiency of the economy, and the well-being of society. Getting the technology right is a task we all need to take  
seriously,certainly far more seriously than mainstream thinkers tend to be   when commenting on gold. 

"According to Stephen Roach, a widely regarded economist,With the price of bitcoin moving toward $12,000, a top economist on Tuesday sent a stark warning to investors: The cryptocurrency is in a "dangerous speculative bubble.""This is a toxic concept for investors," said Stephen Roach, Yale University senior fellow and the former Asia chairman and chief economist at investment bank Morgan Stanley.any investors admit to not understanding the technicalities of the instrument or the blockchain technology that underpins its existence, hoping instead to profit on the expectation that bitcoin as an investment will simply continue to rise""Like all bubbles, they burst," Roach said. 

Just as democracy made the gold standard obsolete, so the world is now going through   changes that, in this century, may turn national fiat 
currencies into a curious anachronism.

so in regards of my personnel perception ,exploring more on technology in regard of money , is increasingly making great innovation but with innovation theirs are lot of pros & cons ,so it's a request to an individual ,who want to make innovative investment  please make sure to explore more about that investment today's trending bitcoin has a great future ,so please take advice with experts for the investment.

I WILL RECOMMEND PLEASE VISIT ETHXPAY FOR MORE DETAILS WATCH EXCLUSIVE REPORT ON BITCOIN ON YOUTUBE/SUBHARANSH RAI {COO & CO FOUNDER}.ETHXPAY.




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