FUTURES MARKET
This summer, the total value of the bitcoin market reached $160 billion, almost 10 times what it was at the beginning of 2017. Now, a leading economic expert is warning investors that while cryptocurrencies may very well be the financial wave of the future, the value of bitcoin will collapse eventually.
Kenneth Rogoff is a professor of economics at Harvard University, and from 2001 to 2003, he served as the chief economist of the International Monetary Fund. In an opinion piece published by The Guardian this week, he praises the technology underpinning bitcoin, but says he believes too many factors are working against the currency for its value to continue to increase indefinitely.
See his argument here:
https://futurism.com/harvard-professor-in-the-long-run-the-price-of-bitcoin-will-collapse
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