Burst(BURST)

In the ever-evolving world of cryptocurrencies, the market is constantly searching for the next big thing. Solana (SOL),

...presented a comprehensive analysis of XRP, explaining the reasons behind his conviction that a significant price surge is on the horizon.

Ethereum sees a "burst of outperformance," as it emerges as the short-term winner while the spot ETF ends up being a classic "sell-the-news" event for Bitcoin.

Ripple analysts are bursting with enthusiasm for the XRP price in December. It is trading at 16% of its record-high price but charting a bullish falling wedge pattern.

tktk

The Collins dictionary named AI word of the year, describing AI-powered language models as “bursting into the public consciousness” and “much talked about” in 2023.

A new crypto project has burst onto the scene during the first day of its presale, raising over $100,000 within minutes of its launch. This exciting newcomer – Bitcoin Minetrix (BTCMTX), is debuting an innovative Stake-to-Mine mechanism, allowing everyday crypto investors to participate in the Bitcoin (BTC) mining process easily. Given its impressive market entrance, […]

Binance’s liquid staking ether (ETH) saw a sudden $500 million burst of inflows over the weekend, pushing its total locked value (TVL) to $1.2 billion.

An immediate burst of criticism from the crypto industry shows the U.S. Treasury Department’s new proposal on how to handle digital assets taxes will face a long road as it enters a months-long period of public comments and hearings.

Chainlink (LINK), Shiba Inu (SHIB), and Everlodge (ELDG) – three coins that could bring unique value to your investment portfolio. When it comes to building a portfolio, the key is diversity. Including a mix of established players and promising newcomers can help mitigate risks and maximize potential gains. Due to these reasons, let's explore all three of them in greater detail. Summary - Chainlink integrates with Coinbase’s Base - Shiba Inu one of the top weekly gainers - Everlodge expected to rally by 30x Join Everlodge Presale Chainlink (LINK): The Oracle Solution Chainlink (LINK) has solidified its position as a cornerstone in the cryptocurrency ecosystem. As a bridge between smart contracts and real-world data, Chainlink's decentralized oracle network ensures blockchain applications access to accurate information. In recent Chainlink news, it announced that it merged with Coinbase's Base. As a result, the Chainlink crypto interest rose. In fact, its value jumped by 6.3% over the past month alone. Currently, Chainlink is trading hands at $7.28 with a market cap of $3.9B. However, due to its technical indicators showing green, market analysts remain bullish about it. Therefore, they forecast a $9.12 price for Chainlink by the end of 2023. Shiba Inu (SHIB): Expected To Soar Shiba Inu (SHIB) burst onto the scene as a community-driven experiment inspired by the success of meme coins like Dogecoin. While often associated with its meme status, Shiba Inu aims to create a decentralized ecosystem that includes tokens like BONE. The Shiba Inu price has increased 13.2% over the previous week, ranking among the top 20 altcoins by total market capitalization. Not only that, Shiba Inu is one of the best-performing currencies overall. The Shiba Inu crypto has a value of $0.00001036 with a market cap of $6.1B. Most importantly, the Shiba Inu technical analysis shows bullish signs. To clarify, all its moving averages and technical indicators are showing strong buy signals. As a result, experts in the field predict Shiba Inu surging to $0.00001078 soon.. Everlodge (ELDG): Brings Something Unique to the Real Estate Market Everlodge (ELDG) aims to democratize real estate investment by tokenizing properties and offering fractional ownership through blockchain technology. This approach allows investors to purchase fractions of high-value properties, such as luxury villas, vacation homes, and hotels, for $100. Therefore, Everlodge enables more individuals to participate in real estate investment. One of the most innovative aspects of Everlodge is its integration of NFTs into the real estate market. Each property is minted as an NFT, representing ownership, and stored securely on the blockchain. This provides several benefits, including increased transparency, immutability of ownership records, and removing the need for intermediaries. At the core of this platform lies the ELDG native token. ELDG holders are rewarded with discounts on property purchases, reduced trading fees, and even free nightly stays in the properties within the Everlodge ecosystem. This rewards program incentivizes participation and fosters a vibrant and engaged community of investors. One ELDG token costs only $0.01. But keep in mind that it is in Stage 1 of its presale. In other words, it will rise as it advances. And with Stage 2 coming this month, a 20% surge will also occur. Everlodge stands out from Chainlink and Shiba Inu thanks to its low market cap, which means it will surge faster. Consequently, experts foresee a 30x growth for it on launch day. Find out more about the Everlodge (ELDG) Presale Website: https://www.everlodge.io/ Telegram: https://t.me/everlodge Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Chainlink (LINK), Shiba Inu (SHIB), and Everlodge (ELDG) – three coins that could bring unique value to your investment portfolio. When it comes to building a portfolio, the key is diversity. Including a mix of established players and promising newcomers can help mitigate risks and maximize potential gains. Due to these reasons, let's explore all three of them in greater detail. Summary - Chainlink integrates with Coinbase’s Base - Shiba Inu one of the top weekly gainers - Everlodge expected to rally by 30x Join Everlodge Presale Chainlink (LINK): The Oracle Solution Chainlink (LINK) has solidified its position as a cornerstone in the cryptocurrency ecosystem. As a bridge between smart contracts and real-world data, Chainlink's decentralized oracle network ensures blockchain applications access to accurate information. In recent Chainlink news, it announced that it merged with Coinbase's Base. As a result, the Chainlink crypto interest rose. In fact, its value jumped by 6.3% over the past month alone. Currently, Chainlink is trading hands at $7.28 with a market cap of $3.9B. However, due to its technical indicators showing green, market analysts remain bullish about it. Therefore, they forecast a $9.12 price for Chainlink by the end of 2023. Shiba Inu (SHIB): Expected To Soar Shiba Inu (SHIB) burst onto the scene as a community-driven experiment inspired by the success of meme coins like Dogecoin. While often associated with its meme status, Shiba Inu aims to create a decentralized ecosystem that includes tokens like BONE. The Shiba Inu price has increased 13.2% over the previous week, ranking among the top 20 altcoins by total market capitalization. Not only that, Shiba Inu is one of the best-performing currencies overall. The Shiba Inu crypto has a value of $0.00001036 with a market cap of $6.1B. Most importantly, the Shiba Inu technical analysis shows bullish signs. To clarify, all its moving averages and technical indicators are showing strong buy signals. As a result, experts in the field predict Shiba Inu surging to $0.00001078 soon.. Everlodge (ELDG): Brings Something Unique to the Real Estate Market Everlodge (ELDG) aims to democratize real estate investment by tokenizing properties and offering fractional ownership through blockchain technology. This approach allows investors to purchase fractions of high-value properties, such as luxury villas, vacation homes, and hotels, for $100. Therefore, Everlodge enables more individuals to participate in real estate investment. One of the most innovative aspects of Everlodge is its integration of NFTs into the real estate market. Each property is minted as an NFT, representing ownership, and stored securely on the blockchain. This provides several benefits, including increased transparency, immutability of ownership records, and removing the need for intermediaries. At the core of this platform lies the ELDG native token. ELDG holders are rewarded with discounts on property purchases, reduced trading fees, and even free nightly stays in the properties within the Everlodge ecosystem. This rewards program incentivizes participation and fosters a vibrant and engaged community of investors. One ELDG token costs only $0.01. But keep in mind that it is in Stage 1 of its presale. In other words, it will rise as it advances. And with Stage 2 coming this month, a 20% surge will also occur. Everlodge stands out from Chainlink and Shiba Inu thanks to its low market cap, which means it will surge faster. Consequently, experts foresee a 30x growth for it on launch day. Find out more about the Everlodge (ELDG) Presale Website: https://www.everlodge.io/ Telegram: https://t.me/everlodge Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Cryptocurrencies have been the subject of much criticism since their inception. Some of the most common criticisms of cryptocurrencies include: They are a bubble that is bound to burst. They are used for illegal activities, such as money laundering and drug trafficking. They are too volatile and risky to be a sound investment. They are […]

Amidst the wavering performance of well-known Memecoins such as Shiba Inu (SHIB) and Dogecoin (DOGE), Pomerdoge (POMD) emerges as a fresh attraction. Currently, in its presale phase, Pomerdoge is quickly becoming the new memeCoin magnet, demonstrating the unending appetite for new ventures in the dynamic cryptocurrency market. Let's take a closer look. Click Here To Find Out More About The Pomerdoge (POMD) Presale Pomerdoge (DOGE): Early Adopters and The Race to Buy POMD Pomerdoge is breaking new ground in the meme cryptocurrency arena, coupling the allure of meme culture with a dynamic play-to-earn gaming environment and a sound token structure. Although it bears some resemblance to Shiba Inu as an Ethereum-based meme coin, Pomerdoge's appeal lies in its unique offerings. At the heart of Pomerdoge's distinctiveness is an integrated ecosystem, featuring an engaging P2E gaming platform and a bustling marketplace called Pomerplace. The gaming platform enables players from across the globe to compete and earn rewards, while Pomerplace provides a vibrant hub for trading in-game assets. The driving force behind this multifaceted universe is the POMD token. Not just a means of exchange, POMD unlocks various rewards and special functionalities within the platform, which promotes user loyalty and sustainable growth for the project. Financial pundits are forecasting an astonishing 5,000% surge in Pomerdoge's value come 2024. This is, in part, due to the current low price of $0.07 during the first phase of the presale. By joining the presale, early adopters can cement their position in what promises to be an exciting new chapter in the world of meme cryptocurrencies. More than 100 million POMDtokens have already been purchased, and the number is increasing daily. Pitting Shiba Inu (SHIB)'s Limited Utility Against Pomerdoge(POMD)'s Offerings Shiba Inu burst onto the cryptocurrency scene with a bang as it tried to topple Dogecoin as the biggest meme coin. Shiba Inu has been a wild ride since then, with its value shooting up and crashing back down multiple times in the span of a few months. Shiba Inu is now trading 88% below its all-time high at just $0.00001030. The euphoria and frenzy that once surrounded Shiba Inu seem to have dimmed, primarily because its intrinsic value appeared limited. Shiba Inu lacked a clear utility beyond being just a meme, rendering it no different from Dogecoin. This is in stark contrast to Pomerdoge, which offers both a meme coin and an array of practical uses. As the Shiba Inu craze subsides, many investors are turning their attention towards Pomerdoge — a new and exciting project that offers investors the best of both worlds. Dogecoin (DOGE): Analyzing the Shift in Investor Interest The crypto realm is currently under a bearish spell, and Dogecoin is taking the brunt of it. Dogecoin is now a whopping 90% under its 2021 peak of $0.79, with a 2% decline in the last 24 hours alone. Dogecoin may not tout cutting-edge technology, but it boasts a position within the top 20 coins on CoinMarketCap, largely thanks to its humorous origin and loyal following of supporters. However, this lack of utility limits just how high Dogecoin can go. Analysts predict that Dogecon will continue to range in the tight trading window of $0.050 to $0.010 in the near term. It seems Dogecoin might have to wait in the wings for the next altcoin surge to steal the spotlight. In comparison, Pomerdoge is now emerging as the new shining star within meme coins. As evidenced by the sale of 100 million tokens already, Pomerdoge is not affected by the current bearish market trends that have weighed down on Dogecoin and Shiba Inu. Find out more about the Pomerdoge (POMD) Presale Today Website: https://pomerdoge.com/ Telegram Community: https://t.me/pomerdoge Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Amidst the wavering performance of well-known Memecoins such as Shiba Inu (SHIB) and Dogecoin (DOGE), Pomerdoge (POMD) emerges as a fresh attraction. Currently, in its presale phase, Pomerdoge is quickly becoming the new memeCoin magnet, demonstrating the unending appetite for new ventures in the dynamic cryptocurrency market. Let's take a closer look. Click Here To Find Out More About The Pomerdoge (POMD) Presale Pomerdoge (DOGE): Early Adopters and The Race to Buy POMD Pomerdoge is breaking new ground in the meme cryptocurrency arena, coupling the allure of meme culture with a dynamic play-to-earn gaming environment and a sound token structure. Although it bears some resemblance to Shiba Inu as an Ethereum-based meme coin, Pomerdoge's appeal lies in its unique offerings. At the heart of Pomerdoge's distinctiveness is an integrated ecosystem, featuring an engaging P2E gaming platform and a bustling marketplace called Pomerplace. The gaming platform enables players from across the globe to compete and earn rewards, while Pomerplace provides a vibrant hub for trading in-game assets. The driving force behind this multifaceted universe is the POMD token. Not just a means of exchange, POMD unlocks various rewards and special functionalities within the platform, which promotes user loyalty and sustainable growth for the project. Financial pundits are forecasting an astonishing 5,000% surge in Pomerdoge's value come 2024. This is, in part, due to the current low price of $0.07 during the first phase of the presale. By joining the presale, early adopters can cement their position in what promises to be an exciting new chapter in the world of meme cryptocurrencies. More than 100 million POMDtokens have already been purchased, and the number is increasing daily. Pitting Shiba Inu (SHIB)'s Limited Utility Against Pomerdoge(POMD)'s Offerings Shiba Inu burst onto the cryptocurrency scene with a bang as it tried to topple Dogecoin as the biggest meme coin. Shiba Inu has been a wild ride since then, with its value shooting up and crashing back down multiple times in the span of a few months. Shiba Inu is now trading 88% below its all-time high at just $0.00001030. The euphoria and frenzy that once surrounded Shiba Inu seem to have dimmed, primarily because its intrinsic value appeared limited. Shiba Inu lacked a clear utility beyond being just a meme, rendering it no different from Dogecoin. This is in stark contrast to Pomerdoge, which offers both a meme coin and an array of practical uses. As the Shiba Inu craze subsides, many investors are turning their attention towards Pomerdoge — a new and exciting project that offers investors the best of both worlds. Dogecoin (DOGE): Analyzing the Shift in Investor Interest The crypto realm is currently under a bearish spell, and Dogecoin is taking the brunt of it. Dogecoin is now a whopping 90% under its 2021 peak of $0.79, with a 2% decline in the last 24 hours alone. Dogecoin may not tout cutting-edge technology, but it boasts a position within the top 20 coins on CoinMarketCap, largely thanks to its humorous origin and loyal following of supporters. However, this lack of utility limits just how high Dogecoin can go. Analysts predict that Dogecon will continue to range in the tight trading window of $0.050 to $0.010 in the near term. It seems Dogecoin might have to wait in the wings for the next altcoin surge to steal the spotlight. In comparison, Pomerdoge is now emerging as the new shining star within meme coins. As evidenced by the sale of 100 million tokens already, Pomerdoge is not affected by the current bearish market trends that have weighed down on Dogecoin and Shiba Inu. Find out more about the Pomerdoge (POMD) Presale Today Website: https://pomerdoge.com/ Telegram Community: https://t.me/pomerdoge Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

AI large language models raised over $25 billion in the first half of 2023. The industry is starting to look like a bubble that’s about to burst.

In a major development for the crypto community, Shibarium Beta Bridge has been launched for public testing, bringing Shibarium mainnet closer to launch.

DigiToads is making investors and crypto fans more interested in meme coins than ever. Bitcoin (BTC), the first digital currency, is presently displaying negative indications in the constantly changing world of cryptocurrencies, which has investors and enthusiasts on edge. However, a new player has surfaced in this unpredictability, grabbing the interest of the crypto world. […]

With the bubble burst, PEPE is in a desperate search of support. Key Support levels: $0.0000011 Key Resistance levels: $0.0000020 PEPE’s rally quickly came to an end after it passed the $1 billion market capitalization. Bubbles require exponentially more money to continue inflating, and in the case of this meme coin, the money ran out […]

The venture capitalist discusses non-ZIRP monetary policy, rebooting crypto’s market structure and why Ponzi bubbles always burst.

When it started, Bitcoin was just an idea but ten years on, the cryptocurrency is leading an industry and is on the verge of taking over the world. A lot of this was down to the BTC take over in 2017 when the biggest cryptocurrency reached its high of $20,000. Of course, the price has since sunk down now but there has been no change to its underlying value. In fact, I would say that it’s safe to say that Bitcoin isn’t just only the most popular digital currency but is also a legitimate financial asset. This isn’t the case for all cryptocurrencies though. By the end of 2017, there was countless ICOs and at the start of 2018, there were even more scammers who were trying to jump on the bandwagon in a hope to get rich. Luckily, most of these scams weren’t very good ideas with around 60 percent of all ICOs in the first nine months of 2018 either vanishing into thin air or just failed to raise enough money for their project. Either that or they were forced to give refunds to their participants. Today though it seems that the majority of projects that managed to suffer through the bear market are led by teams with a lot of experience working to apply blockchain solutions to real-world problems. As the crypto industry continuously grows though, it will bring in more sophisticated retail investors as well as institutional money but there are challenges that lie ahead. There are still a lot of crypto enthusiasts that are pointing to security token offerings (STO) as a solution to ICO fraud and the continuous problems from regulators that have kept a lot of potential investors at bay over the past year. STOs aren’t that different from traditional securities aside from the fact that they rely on blockchain technology in order to make processes like paying out dividends or repaying loans more efficient. ICOs don’t give investors any rights to underlying assets and don’t force sellers to go through with anything at all. Security tokens, on the other hand, are tied to something tangible such as business profits or revenue but STOs still isn’t perfect. In theory, once a token is acquired, then the holder can do whatever they want with it so sellers are still able to violate regulations if the security is resold to another party unless the proper exemption is granted from the regulators. What doesn’t come as a surprise though is the US Securities and Exchange Commission has yet to approve many of those that have filed. Even so, cryptocurrency isn’t that far away from mainstream exchanges. In fact, some believe that it’s only a few years away whereas others believe that it could even happen at some point in 2019. Investors are already able to trade bitcoin futures on the Chicago Board Options Exchange and the Chicago Mercantile Exchange. If you are the owner of a company or an individual investor that is looking to get some exposure to crypto and there are a few steps you can take in order to lower the risks including giving your team some basic education. Don’t get me wrong, it’s okay if you’re not an expert, it’s not a simple thing you can learn in a day, but there is so much information out there about a whole new world that is right at your fingertips. The rise of Bitcoin was driven by a lot of hype thanks to mainstream media and a lot of new investors getting involved at the last minute and making some tragic losses when the bubble ‘burst’. Breaking $4,000 That bubble went from $20,000 all the way down below $3,500 in November last year and a lot of investors were extremely disappointed with a lot of the community packing up shop and leaving the industry. Over the past few months, the stability of Bitcoin has been relatively, well stable! Especially when you compare it to 2018, Bitcoin has been keeping itself in one place for the most part of 2019. There are a lot of companies that are entering the crypto space which could see companies move forward with the expansion of services and products, aggressively growing despite the vicious grip the bears have on the market. Yesterday, (19th March) the leading cryptocurrency seemingly broke above the $4,000 key resistance level which is a good sign of things for the digital asset in 2019. In addition to this, the positive movement of Bitcoin led to a lot of altcoins to make some gains of up to 30 percent.

If there is one subject that seems to divide the large financial investors and investment banks, it is Bitcoin! While the stunning year the cryptocurrency has seen to date has amazed all with its 700% growth, some have not always been too complimentary about it. One exception to that had been Morgan Stanley CEO James Gorman who, while not gushing in praise, had not been overly critical of it. In recent comments though, it seems he may now be taking a more cautious stance on Bitcoin. Gorman hints at speculative bubble Although his recent reported comments were not scathing as such, he did take time to point out a few concerns he had around the cryptocurrency. The first was that he didn't think the attention Bitcoin was currently getting was deserved or healthy. It seems he fears that the widespread popularity of the cryptocurrency may be leading to a speculative bubble to build up. In his opinion, the fact that the popular cryptocurrency has shot up by so much in a relatively short space of time is proof in itself of the speculative nature of the Bitcoin market. Worries over stability of investment On the face of it, the main worry about an overheated and speculative Bitcoin market lies in what might happen if the bubble were to burst. If the market price were to take a sudden dive down, it could obviously spell financial disaster for a lot of investors (many normal members of the public) who had jumped on the bandwagon. This kind of financial crisis is not what Wall Street, or indeed the world, needs after the last one. Is it really sour grapes? Of course, many Bitcoin advocates who have experienced great success by buying into the cryptocurrency early believe these sentiments from Gorman to be sour grapes. In some quarters, it is thought that the major banks like Morgan Stanley are simply upset at missing the boat on Bitcoin and the huge returns it has seen. It is also thought by some that they do not like the way that Bitcoin opens up their world and the riches it can bring to normal members of the public to profit from.

Bitcoin has now recovered its recent losses and stands at $7610, 5% up on the day so far - with BCH down a precipitous 18% at $1012, sicker than the supposedly doomed BTG, up over 5% at $168.53. There is nothing interesting in this except that volatility is good for price discovery and so lessens the risk of a bubble bursting. Meanwhile, volatility in the stock-markets is at an all-time low … The big fact is that the total market cap of the crypto-currency universe recently zoomed above $170 billion. Its robust health annoyed “analogue” money men such as Jamie Dimon, but frankly the longer they reject the emerging evidence, the better for Bitcoin investors. Liquidity is pouring into crypto-currencies and leaking away from the over-leveraged equities world. In a sense, Bitcoin has become a tail hedge against the money markets, especially because it is not correlated with other assets - and the possibility exists that it will actually prove to be inversely correlated once a major correction occurs in the NYSE and elsewhere. The decision by the CMI (Chicago Mercantile Exchange) to open a futures market in Bitcoin is notable, but the entire crypto capitalisation is effectively a big short against conventional finance, and seems to be enjoying its price gyrations. The CME restricts daily fluctuations to kindergarten levels compared to what the cryptos are used to, so it will be an interesting experiment. Money now flooding in is adding to earlier tiers - the Bitcoin mavens, mostly in the US, UK, Switzerland and Sweden; the occasional poker-players (Iran, Japan - where Bitcoin has just been pronounced legal tender); and now the gold-rush, with massive inputs in 2016 from Pacific Rim countries, and this year China in a big way, along with Denmark and Hungary (one report claims a 10x increase in June). India was also up 400% and Africa - Tanzania, Nigeria - just came online from zero to big. It’s going global.

Whether or not Bitcoin is in a bubble is always questioned. The co-founder of Ethereum, Joseph Lubin, says that Bitcoin is most certainly in a bubble, but that isn’t necessarily a bad thing. Investors are currently behaving quite cautiously as it appears that the revolutionary technology behind Bitcoin is building to burst, however, Lubin believes that the bubble is actually a good thing. Joseph Lubin believes that Bitcoin has experienced bubbles along its entire journey so far, however, they are the good kind of bubble. Lubin defines a “good bubble” as occurring when a new technology emerges, yet can’t build its infrastructure fast enough for the growing number of people who see and appreciate the value and vision of the technology. The opposite end of the spectrum to Lubin’s positivity is the doomsayers that plague every new technology or development. The opinion among these circles currently is that a large bubble is on its way for Bitcoin that could cause it to sink. Lubin’s out of the box thinking, however, is that these bubbles in Bitcoin’s journey cause the cryptocurrency to rocket, before correcting itself again. As much as this movement might cause a concern to some, Lubin believes that this can only be good for the currency. Lubin is of the opinion that the current price corrections will strengthen the industry for the future, as bubble after bubble will help the technology to grow and develop to change how IT systems globally are built. Lubin’s thinking is a very unusual viewpoint in comparison to the common thoughts on bubbles in technology. Ray Dalio, a billionaire investor, sees that the possibility of a large, damaging bubble combined with the speculative nature of Bitcoin is it’s biggest red flag and could cause problems for the platform in the future.

The future of Bitcoin has been long difficult to predict, and has left experts completely divided. Whilst some are convinced that Bitcoin will take off, and be hugely successful, others believe that it is on the brink of collapse. The latest expert to join the latter side of the debate is Harvard University professor, Kenneth Rogoff who simply believes that the collapse of Bitcoin is ‘inevitable’. Who is this Bitcoin expert? Like we mentioned, Kenneth Rogoff is a professor at Harvard University, where he teacher public policy and economics. He himself has a lot of educational achievements behind him, with degrees from Yale University and MIT. Between 2001 and 2003, he was the chief economist of the IMF, so it is understandable, and dare we say it, inevitable that his Bitcoin views would attract as much attention as they have. What do his views mean for Bitcoin? Rogoff once wrote; “Is the cryptocurrency Bitcoin the biggest bubble in the world today, or a great investment bet on the cutting edge of the new-age financial technology? My best guess is that in the long run, the technology will thrive, but that the price of Bitcoin will collapse…The long history of currency tells us that what the private sector innovates, the state eventually regulates and appropriates. I have no idea where Bitcoin’s price will go over the next couple of years, but there is no reason to expect virtual currency to avoid a similar fate” Although he does accept that some governments, such as Japan have accepted and regulated virtual currencies, he does not believe that this will be the norm, and that most governments will actually ignore Bitcoin for small anonymous transactions, and then, once it becomes more widely used, they will actually act against it. His argument that Bitcoin will inevitable head towards a collapse is not a lone one and echo’s the views of Jamie Dimon. Dimon suggests that governments will not allow Bitcoin to become successful and will coerce Bitcoin users into abandoning it. Dimon in fact goes further in his predictions saying that not only do governments have the ability to shut down a virtual currency, but even that governments could threaten the Bitcoin users with jail. What are the long-term effects? Rogoff has not hidden the fact that he believes Bitcoin will eventually collapse, but has ultimately given no timeframe for this. This could be a smart move on his behalf, as it means that his prediction is likely to never be proven wrong. Even if Bitcoin reaches record prices, eventually, the coin might still crash – once again proving him wrong! References And Further Reading: The CoinTelegraph; Collapse of Bitcoin Inevitable to Harvard Economics Professor CNBC; Bitcoin price bubble ‘will collapse’ while the tech that underpins it lives on, Kenneth Rogoff predicts The Guardian; Bitcoin’s price bubble will burst under government pressure. Kenneth Rogoff