Investment insiders seem to be in agreement that compared with traditional investment opportunities, bitcoin and other cryptocurrencies might not be around forever, and it could be the next bubble to burst. However, some experts also believe there is money to be made in the short to medium-term.
\r\nAs with any type of investment, it is about being smart with your money, not putting at risk anything that could damage you if you lose it, and choosing those long-term investments that are winners, as early in the game as possible.
\r\nMike Novogratz, an investor who has been confident about Bitcoin for a long period of time, has made a number of statements agreeing with this sentiment. He’s stated that he considers it a bubble that will one day become the largest bubble in our lifetime, and he plans to make a lot of money while the prices continue to rise to higher and higher levels.
\r\nAs more interest in bitcoin has come from the mainstream markets, prices have risen quickly to high levels. This influx of new investors might be the cause of price rises, but it could also prove a problem for those looking to make money in a short period of time. This is a problem which has been seen in the past when the dotcom bubble burst. Given recent sudden price corrections, the bitcoin bubble could now have popped.
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