One of the fast growing areas to invest in is Bitcoin. It is a virtual currency that allows people to buy goods and services, and transfer money without involving banks or other third parties. It is anonymous, which also has a major appeal to people. Since the beginning of this year, Bitcoin’s value has risen 1,000 percent. It has set a record value for six straight days, as it topped $11,000 recently. The San Francisco based company, Coinbase, reported that it had signed up 300,000 new users between Wednesday and Sunday. This incredible growth in value has caused some to warn against the possibility that Bitcoin is a bubble about to burst, and people need to be careful with their money. Others say they are just being alarmist and Bitcoin’s value will continue to grow. This makes people ask the question: Is Bitcoin a bubble investment that is about to burst?
CNBC interviewing Ray Dalio, who believes Bitcoin is a bubble:
Is Bitcoin a bubble investment that is about to burst? Is Bitcoin a sound investment that will continue to grow in value? Or, is it a fad that is about to have the bottom fall out of it?