There is a question to which everyone wants an answer: "There is Bitcoin in a bubble". Co-founder of Ethereum, Joseph Lubin, says yes. But that's not bad.
The idea that this revolutionary technology may simply be growing to burst has many investors behaving cautiously, but Lubin sees it differently. He believes that if this is indeed a bubble, then it is a good thing.
A good type of bubble
Lubin remarked about Bitcoin:
"Totally a bubble." This is the kind of bubble that occurs when deep technology emerges and you can not build your infrastructure quickly enough for all the people who see the value and the vision. "Joseph Lubin
Lubin suggests there have been bubbles all the way. Bitcoin takes off, then corrects itself, and these movements are good for the digital currency.
The pessimists maintain that there is a big bubble on the way that could sink Bitcoin and send it to zero, but Lubin believes that current price corrections can only strengthen the industry in the future:
"We will see bubble, bubble after bubble, each larger than the previous one and each one creating a more fundamental value, because this technology is so powerful and profound that it will change the way that IT systems are being built throughout the world. world". Joseph Lubin
Other points of view
Of course, this thought of Lubin is very out of the ordinary, and it is not the usual point of view when it comes to bubbles in a space of technology and investment. Multimillionaire investor
Ray Dalio sees the speculative nature of Bitcoin as his main red flag, considering that a harmful bubble could be forming:
"These are very speculative people who think: 'Can I sell it at a higher price?' And then, it's a bubble. " Ray Dalio
Another Bitcoin skeptic is Saudi Prince Alwaleed bin Talal, who was recently arrested. Bin Talal says that Bitcoin will go to the Enron road.