Bitcoin had a beginning of February and a weekend end disastrous. It has lost value and is criticized as the biggest bubble of all time.
The question "how much does Bitcoin cost?" Has been put since it came close to the value of gold. Specifically, the question is: how much it should cost. The first days of February saw a Bitcoin under $ 10,000, stabilizing at just over $ 9,000 now. At the same time, it was criticized that it led to a destabilization, and even was considered as any other currency.
Nouriel Roubini, a Nobel-nominated economist, said it was the biggest bubble. He is particularly appreciated because he predicted the economic crisis 10 years ago since 2005. Now, he said Bitcoin is the favorite of the charlatans and thieves. "Legislators and regulators are worried. Basically, an intervention was discussed at the G20. We can not allow this (Bitcoin - n.r.) to become the new Swiss bank account used by thieves and tax evaders" Roubini said.
In the same sense, two economists - Richard Jackman of the London School of Economics and Savvas Savouri of Toscafund Asset Management, said that Bitcoin is of an unreal value. The correct value would be about $ 20 or a little below. They started with the rationale of how many Bitcoins are in circulation (almost 17 million). If it is considered a currency, theoretically, each Bitcoin would circulate four times a year to make that level of transactions.
Further, 60 million payments with this virtual currency would cover $ 1.2 billion in Bitcoin transactions. Naturally, if it became more popular and used then the value would go up. To do this, there should be a thousand times more transactions to reach the value it is now.
I think we should take these assessments with a dose of skepticism and because everyone has an interest or vision. However, Roubini also said something concrete. "I tend to think Bitcoin is an experiment. It's an interesting but not fundamental experiment for our lives" he told the Davos World Economic Forum.