It’s very difficult to predict as there are views FOR & AGAINST but following things are quite clear
– There is no underlying asset (Like in Equity, Real Estate etc.)
So the only reason prices go up is on the basis of Speculation.
Many people who invest in these crypto’s are self-proclaimed experts and if they go overboard it can seriously hamper their own Financial Plan.
The preferred way is to design your own Financial Future by identifying your true goals and working towards them with solid Financial Plan.
“In my life, I try to avoid things that are stupid and evil and make me look bad… and bitcoin does all three. In the first place, it’s stupid because it’s still likely to go to zero.
Secondly, it’s evil because it undermines the Federal Reserve System… and third, it makes us look foolish compared to the communist leader in China. He was smart enough to ban Bitcoin in China.”
– Charles Thomas Munger
