4 Topics Analysts Reaction to Bitcoin’s “Bubble Ready to Pop” Thought

Analysts say that one of the biggest reasons why Bitcoin reached the level of 10,000 ₺ and became so widespread and global is due to the fact that the central banks are not good enough.

Independent and Anonymous

(BTC) The power of Bitcoin It is anonymous and not affiliated with any institution or organization. Since it is not associated with a central banking system, market value cannot be manipulated by money production. This allows Bitcoin to be an investment vehicle like gold.

Supply and Demand

Bitcoin’s demand, unlike gold or other currencies, is an investment. has a limit. There will never be more than 21 million Bitcoins. Currently, the Bitcoin market has reached 80% of this volume. And it will never pass. Mining has become more difficult and the value of each coin will continue to increase day by day.

Security

Bitcoin is considered safe thanks to elements such as anonymity and encryption. It cannot be manipulated or seized by external factors. And it is kept only by the individual user.

Forgery

In the case of Bitcoin, there is no forgery or fraud. Because all Bitcoin transactions are made using Blockchain technology and therefore fraud is not allowed. It can also be watched directly.

Analysts also mention that bad criticism and concerns about Bitcoin can only apply to sectors where Bitcoin does not exist. Although it is said that there is a bubble for Bitcoin, they say that they do not see any reason that can prevent the increase in its value in the following periods and that they do not doubt that its value will increase day by day.