Bitcoin Bubble Will Pop When Investors Recognize Bitcoin’s Huge Negative Impact On The Climate

SourceForbes
SectorFinancial Markets
CountryMiddle east

Share to Linkedin In February 2021, as the price of bitcoin neared $50, 000, investors were enthusiastically asking if its price would reach $100, 000 in 2021. With the price of bitcoin currently hovering around $36, 300, investors might be asking the same question, but with less enthusiasm. I suggest that the answer to the question today, in June, is the same as it was in February; and that answer is “quite possibly, but unlikely.” As bitcoins skyrocket to more than $12 000 for one BTC, many central banks as ECB or US Federal … [+] Reserve warn of risks of a bubble.

Britain and the ECB want to monitor trade for money-laudering suspicions. The main U. S. derivatives regulator said it would allow CME Group Inc (CME. O) and CBOE Global Markets Inc (CBOE. O) to list Bitcoin futures contracts. Toulouse. December 6th 2017. (Photo by Alain Pitton/NurPhoto via Getty Images) The most important point I want to make...read more...