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RE: Leading German TV Channel Broadcasting About Bitcoin: "It's Not Longer A Hype Only Speculators Are Interested In. Now The Established Financial Industries Are Entering The Crypto Market."
I don’t think it is a bubble, money simply flow in and the total supply is so low that the charts skyrocket...in the long term bitcoin is the most secure store of value of the modern age, way better than precious metals and the developers are working to create the most powerful infrastructure for online instant payments with no fees.
The project behind it has extremely great fundamentals, it is a mean of speculation of course...but if you look in the long term, bitcoin is certainly the most valuable invention of our lifetime.
The only sad thing is that I bet the latest money that came in didn’t even read Satoshi’s whitepaper, this is why I think a big correction to get rid of weak hands may occur.
A lot of things need to happen to make BTC the most powerful infrastructure for online instant payments, especially: access. Right now BTC is in the hands of very few, and also a solid exchange medium requires a stable price. A lot of exchange services have faced considerable technical issues - lots of them due to scaling. The system is still quite vulnerable. Yes, I understand the hype around the groundbreaking invention, but people need to understand that it's still a vehicle designed for early adopters and far away from being a currency used by masses.