Bitcoin bubble will pop sooner or later, says famous Russian BTC critic
Anatoly Aksakov of the Russian State Duma suggested that global jurisdictions should ban Bitcoin as a payment method. Anatoly Aksakov, a member of the Russian State Duma, has reiterated his negative stance on Bitcoin (BTC) shortly after the cryptocurrency briefly retouched $40,000 on Jan. 14.In an interview with local news agency TASS, Aksakov argued that Bitcoin is not backed by anything and thus the Bitcoin bubble is poised to burst sooner or later:“Bitcoin is not backed by anything as a cryptocurrency. This is a private currency, and its value is based on trust of the related data....
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The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has made some gloomy predictions about the economy and the future of cryptocurrency. Besides warning that we are in the biggest bubble in world history, Kiyosaki has predicted that the government will seize all cryptocurrencies.
Robert Kiyosaki Warns of the Biggest Bubble, Depression, Hyperinflation
The author of Rich Dad Poor Dad, Robert Kiyosaki, has made several gloomy predictions and bleak warnings over the past couple of days.
Rich Dad Poor Dad is a 1997 book co-authored by....
The biggest crypto market crash of the year sent shockwaves through the industry over the weekend, wiping out more than $19 billion in liquidations and pushing Bitcoin as low as $101,000. Now, as the market attempts to recover, famous economist and longtime Bitcoin critic Peter Schiff has reopened conversations on the sustainability of Bitcoin’s rebound. […]
Bitcoin may never be a widely used medium of exchange, but it has become a useful store of value, former critics concede in 2020. Humans, being only human, tend to hang on to their cherished beliefs — even in the face of overwhelming contradiction. That’s why recantations — that is, public acts of refuting a previously held opinion — are so rare. This year, however, has presented several notable changes of heart where Bitcoin (BTC) and other cryptocurrencies were concerned — abetted, perhaps, by BTC’s climb to record price levels. Here are eight of the year’s more memorable turnarounds.....
NFTs are all the rage at the moment. At the same time, some, including Mike Winklemann, AKA Beeple, have described the situation as a bubble. “I absolutely think it’s a bubble, to be quite honest. I go back to the analogy of the beginning of the internet. There was a bubble. And the bubble burst.” […]
Klimenko went even one step further, and openly referred to the Bitcoin legislation in other countries as “figments of imagination”. In fact, according to him, Bitcoin is nothing more than an Internet joke, and even a virus that needs to be abolished sooner rather than later. Russian government officials want to exert complete control over the Internet in the country, Although that will be quite the challenge, there are plans in motion to make the usage of currencies not issued by the central bank punishable by law, and the Russian watchdog has blocked access to various Bitcoin sites in....