Bitcoin’s wildly volatile price swings have dominated recent headlines, and the meteoric rises in price of both bitcoin and other cryptocurrencies have led many to declare it as nothing more than a speculative bubble.
A history of investment bubbles — railways, dotcoms and cryptocurrency
The recent frenzied exuberance for bitcoin by mainstream investors echoes the greed of the dotcom bubble of the 1990s.
To dismiss the underlying technology because of an investment bubble is short-sighted. History has shown that bubbles do not necessarily doom a technology to failure.