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Bitcoin: Is it The Emergence of an Important Transnational Currency or Fraudulent Bubble? Why or why...

Bitcoin: Is it The Emergence of an Important Transnational Currency or Fraudulent Bubble? Why or why not?

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Bitcoin is the cryptocurrency and worldwide payment system. It is the first decentralized digital currency without any single administrator. Bitcoin is not very susceptible to inflation and collapse risk. It is untradeable.

It is volatile in nature and therefore can be a bubble. People are buying bitcoin in huge numbers considering it as the big investment opportunity. Future cannot be predicted so certainly and hence one can not predict that it is The Emergence of an Important Transnational Currency or Fraudulent Bubble.

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