The growth of the bitcoin rate is not related to the situation on the foreign exchange market, and the cryptocurrency itself is a purely speculative tool that is not backed by anything.
The growth of the bitcoin rate is not related to the situation on the foreign exchange market, and the cryptocurrency itself is a purely speculative tool that is not backed by anything.
Investment banker Serhiy Fursa expressed this opinion on the air of the Espreso TV channel.
«As for the growth of the bitcoin rate, it has nothing to do with the situation on the foreign exchange market. Bitcoin is a purely speculative instrument with nothing underlying it. But Trump is rocking speculative expectations on Bitcoin. He even talks about some sort of strategic bitcoin stockpile, which is totally unfathomable ignorance. However, with all that, it helps to increase the value of Bitcoin. But this is a purely speculative tool, the real value of which is zero», — the expert emphasized.
According to him, the market value of bitcoin can be anything, and as long as there is speculative pressure, its rate can grow indefinitely.
«Bitcoin is essentially nothing that is worth nothing. This is a bubble that will burst sooner or later. The cryptocurrency market is inflated, and any cryptocurrency is worthless», — Fursa believes.
It is interesting that the famous financier and author of the economic bestseller The Black Swan, Nassim Nicholas Taleb, expressed similar thoughts back in 2021. He criticized the value of cryptocurrencies as such and predicted that they would eventually be worth zero.
Meanwhile, the price of Bitcoin has approached $90,000 thanks to Trump’s support.
